25.03.2009 - Vale says welcomes sovereign wealth fund investment
From Reuters: Brazil's Vale, the world's biggest iron ore miner, wants sovereign wealth funds to invest much more in its business after thus far hesitant steps into the mining industry, a senior executive said on Tuesday. From Singapore to the Middle East, sovereign wealth funds still flush with cash are showing signs of picking up bargain priced mining assets, with China's $200 billion fund making its interest clear earlier this month and Singapore appointing BHP Billiton's former top executive to run one of its funds.....Full Article: Source
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