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CIC To Buy Equity Stake Teck Resources, China To Increase Investment In The Mining Sector
Teck Resources is a mineral exploration mining activities have a very knowledgeable. Teck mining company that produces zinc, copper, coal and metallurgy. To maintain the existence of the company and support the mine operations company, Teck will sell some equity stake to the state-owned China Investment Corp. (CIC). Equity stake sale is expected to pay [...]
Hunan Valin Iron & Steel Group To Invest in Fortescue Metals Group
Hunan Valin Iron & Steel Group executives said China’s sovereign-wealth fund may help finance expansion at Fortescue Metals Group Ltd. through debt rather than stock purchases, as the Chinese steel group became the Australian iron-ore miner’s second-biggest shareholder.
Venezuela Strengthens Its Relationships in the Middle East
Venezuela has long cultivated ties with Middle Eastern governments, finding common ground in trying to keep oil prices high, but its recent engagement of Iran has become a defining element in its effort to build an alliance to curb American influence in developing countries.
In a visit late last month to Tehran by President Hugo Chávez [...]
