| The government of Western Australia has said it is planning to launch its own sovereign wealth fund in a bid to invest earnings from its mining boom. The state, which has large deposits of minerals such as iron ore, has seen mining revenues rise in recent years.
The surge has been driven by increased demand from China and other emerging economies in Asia. State Premier Colin Barnett said it was necessary to ensure the resources-led boom led to long-term benefits...............................................Full Article: Source
|