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Sovereign Wealth Funds Briefing - Categorized | Investment

CIC, Mongolia miner reach deal

Posted on 29 October 2009

From WSJ: China Investment Corp. has reached a deal to invest up to $700 million in Mongolia-focused Iron Mining International Ltd., the latest move by the sovereign wealth fund to plow cash into commodities.

CIC is rapidly deploying its capital this year to try to catch the upside of a global economic recovery by buying into natural resources and property assets……………………….Full Article: Source

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