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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

China goes on a mine buying spree

Posted on 19 May 2011

China’s state-owned enterprises are injecting millions into Canadian mining companies seeking to build out new mines. As a signal of future intentions, this year China Investment Corp., a sovereign wealth fund with $300-billion in assets, opened its first foreign office – in Toronto.
It’s boom times for the sellers, who are already basking in sky-high commodity prices that show no sign of falling. But for Canadian bidders coming up against the new investor on the block, these are frustrating times……………………………………….Full Article: Source


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