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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China’s gentle North American resource grab

Posted on 08 January 2010

From Fool.com: China Investment Corp. came to Teck Resources’ rescue earlier this year with a $1.5 billion investment that gave the fund a 17% stake in the base-metal miner. It appears the deal was not even reviewed by the Investment Canada Act.
Contrast this, the largest ever investment by a Chinese entity in a Canadian company, with China Minmetals’ failed attempt a few years ago to take over mining giant Noranda (which soon merged with Falconbridge, and subsequently Xstrata)…………………………………….Full Article: Source


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