08.01.2010 - China wealth fund may be eyeing Rio stake
From Businessday.com.au: China Investment Corp (CIC), a $US300 billion ($327 billion) wealth fund, may be weighing up a bid for state-owned Chinalco's stake in mining giant Rio Tinto, in what would be its boldest move yet into natural resources. If CIC were to proceed, the fund would take a chunk of one of the world's top diversified miners, delivering on Beijing's goal to better use its huge foreign exchange reserves...........................................Full Article: Source
Print