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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Potash M&A mania: Allana Potash (AAA) is ‘in play’

Posted on 01 September 2010

From Stockhouse.com: In fact, China’s $300 billion sovereign wealth fund — China Investment Corp. — may yet decide to underwrite China Mining United Fund’s plan to develop Allana’s potash project, says the China Mining Association’s web site, www.chinamining.org. Whether the sovereign wealth fund is participating in China Mining United Fund’s latest financing has not yet been disclosed.
Alternatively, China Investment Corp. may opt to directly finance part of the project’s construction costs, according to remarks attributed to a senior official in China’s central government……………………………………….Full Article: Source


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