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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China wealth fund may be eyeing Rio stake

Posted on 08 January 2010

From Businessday.com.au: China Investment Corp (CIC), a $US300 billion ($327 billion) wealth fund, may be weighing up a bid for state-owned Chinalco’s stake in mining giant Rio Tinto, in what would be its boldest move yet into natural resources.

If CIC were to proceed, the fund would take a chunk of one of the world’s top diversified miners, delivering on Beijing’s goal to better use its huge foreign exchange reserves…………………………………….Full Article: Source


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