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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: abuelita who wrote (54806)	9/12/2009 12:41:39 PM
From: elmatador	Read Replies (1) of 218068

Teck 20% interest in the Fort Hills oilsands project owned by Petro-Canada. By taking an interest in Teck, CIC continued its strategic plan to buy foreign resource companies while they are cheap. Chinese Investment Corporation (CIC)--the sovereign wealth fund responsible for investing roughly $300-billion (and growing) of China's foreign exchange reserves CIC made its first major investment in a Canadian company in July when it acquired a 17.2% stake in Teck Resources, Canada's largest diversified mining, mineral processing and metallurgical company. Teck also holds a 20% interest in the Fort Hills oilsands project owned by Petro-Canada. By taking an interest in Teck, CIC continued its strategic plan to buy foreign resource companies while they are cheap. Clearly, China will continue to pour billions, if not trillions, of dollars into direct investments around the world. Much of it thus far has been in businesses that produce the commodity products for which China has enormous excess demand. calgaryherald.com They do not hog capital

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