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Sovereign Wealth Funds Briefing - Categorized | Investment

Fortescue may still get China funding, shareholder Valin says

Posted on 15 October 2009

From Bloomberg: China Investment Corp., the nation’s sovereign wealth fund, suspended talks with Fortescue until the mining company agrees to make concessions, the Caijing Magazine reported Sept. 30, citing an official at the fund.

“The money issue will be solved,” said Li Xiaowei, chairman of Chinese steelmaker Valin, the second-largest shareholder in Fortescue…………………….Full Article: Source

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