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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

CIC funds Canadian company’s Mongolia plans

Posted on 29 October 2009

From Businessweek.com: Toronto-listed SouthGobi Energy Resources yesterday announced that China Investment Corporation (CIC) has agreed to provide a $500 million loan to finance the expansion of the company’s mining and exploration operations in the south of Mongolia.
This is the first significant deal in Mongolia since its government signed the Oyu Tolgoi investment earlier this month. ………………………Full Article: Source

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