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Sovereign Wealth Funds Briefing - Categorized | Investment

China SWF may finance Ethiopian mine

Posted on 26 March 2010

From WSJ: China’s $300 billion sovereign wealth fund may finance China Mining United Fund’s plan to develop a potash project in Ethiopia that is also being eyed by mining giant BHP Billiton Ltd., a senior official familiar with the situation said Thursday.

China Investment Corp. is studying whether to take a stake in the potash project being jointly developed by China Mining United Fund and Canada’s Allana Potash Corp., or finance part of the project’s construction costs, the person familiar with the situation said………………………………Full Article: Source

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