China Investment Corp. Funds $500 million To Canadian Mining Company
October 30th, 2009 | File Under : Companies - Trade & Market
China Investment Corp., the Chinese sovereign wealth fund, lends $500 million to SouthGobi Energy Resources.
Toronto-listed SouthGobi Energy Resources yesterday announced that China Investment Corporation (CIC) has agreed to provide a $500 million loan to finance the expansion of the company’s mining and exploration operations in the south of Mongolia.