China’s Silk Road Fund, a $40 billion pool set up to invest along the nation’s ancient trade routes with Central Asia, is discussing a joint bid for Glencore Plc’s gold mine in Kazakhstan, people with knowledge of the matter said.
The Silk Road Fund is partnering with state-owned China National Gold Group Corp. on a possible joint offer for the Vasilkovskoye mine, which could fetch about $2 billion, according to the people. The Silk Road Fund was set up in 2014 with backing from the nation’s sovereign wealth fund, state-owned Export-Import Bank of China and policy lender China Development Bank Corp., according to its website...............................................Full Article: Source
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