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Sovereign Wealth Funds Briefing - Categorized | Investment

CIC invests $700mln in Hopu-backed mining firm

Posted on 30 October 2009

From Reuters: China Investment Corp (CIC), a near-$300 billion sovereign wealth fund, plans to invest $700 million in Hopu-backed Iron Mining International Ltd, a source told Reuters on Thursday.

The investment would be the Chinese fund’s second involvement this week in a Mongolian mining deal as it shifts its investment strategy to natural resources from financial institutions……………………….Full Article: Source

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