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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Oyu Tolgoi mine deal takes precautions against SWF

Posted on 26 October 2009

From Bigpondnews.com: Mongolia signed a deal with Rio Tinto and Canada’s Ivanhoe Mines to develop a $US4 billion gold and copper mine, Oyu Tolgoi mine. But the foreign partners would be barred from selling their stakes to sovereign wealth funds or other investors.
That is intended to reassure Mongolians who worry about economic domination by neighbouring China and feared that a Chinese government fund might try to buy into the project……………………Full Article: Source

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