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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.
Australian Iron Ore Exporter, Fortescue Metal Held Talks With China Investment
Fortescue Metals Group Ltd., Australia’s third-largest iron ore exporter, has held investment talks with China Investment Corp. and Anglo- American Plc. The stock rose 12 percent.
UBS Is Hired for PetroChina’s $5.9 Billion Shanghai Share Sale
UBS AG has been hired by PetroChina Co. to arrange what may become China’s biggest share sale this year, raising as much as $5.9 billion, people with direct knowledge of the decision said.
UBS Securities Co., the China venture of Europe’s largest bank by assets, won a mandate for PetroChina’s share sale, the people said, asking [...]
