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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Metal miners in Mongolia dig in

Posted on 19 October 2009

From WSJ: Sovereign wealth funds such as Singapore’s Temasek Holdings Pte. Ltd. and China Investment Corp. have talked with Mongolian conglomerates looking to develop resources and infrastructure.

Temasek and private-equity firm Hopu Investment Management Co. in late 2007 invested a combined $300 million in Hong Kong Lung Ming Investment Holdings Ltd., a firm that owns a majority stake in the operator of Mongolia’s Eruu Gol iron-ore project…………..Full Article: Source

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