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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market, Performance

Teck may reap gains from CIC alliance

Posted on 02 December 2009

From Chinadaily.com.cn: Teck Resources Ltd, Canada’s largest base-metals producer, said its partnership with China’s sovereign wealth fund will win the company more coal, copper and zinc sales and provide financing for future acquisitions.

China Investment Corp (CIC), which bought about 17 percent of Teck in July, has helped the company gain better access to customers including Jiangxi Copper Co as well as three of the nation’s largest steelmakers, Chief Executive Officer Don Lindsay said in an interview yesterday in New York……………………………Full Article: Source

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