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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Temasek, seeking mining assets, invests $100 mln in Platmin

Posted on 30 March 2010

From Businessweek.com: Temasek Holdings Pte agreed to buy $100 million of convertible debt in Platmin Ltd., the South Africa-based platinum miner controlled by Brian Gilbertson’s Pallinghurst Resources Ltd.

The Singapore state-owned investment company, through its Ridgewood Investments (Mauritius) Pte unit, agreed to buy the convertible debenture from Platmin, the mining firm said in a statement distributed through Marketwire. Platmin also plans a $250 million global equity offering, it said………………………………..Full Article: Source

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