Mineweb
China Investment Corp invests in Kinross, Gold Fields, Potash Corp, Freeport and others
By Dorothy Kosich, Mineweb.com
China Investment Corporation (CIC), one of the world's largest sovereign wealth funds, is using exchange-traded funds to take positions in the mining sector, including gold miners AngloGold Ashanti, Gold Fields and Kinross.
The fund also holds US$145 million or 155,600 shares of gold-backed ETF SPDR Gold Trust shares.
CIC also invested in miners Freeport-McMoRan Copper & Gold, Potash Corp of Saskatchewan, Teck Resources, and Vale.
The China Investment Corp's largest overall investment was in Teck Resources of which CIC bought 101,304,474 shares at $1.5 billion, which are now valued at US$3.54 billion.
CIC also discovered a holding of 50,000 shares of PotashCorp worth $5.4 million, as well as 58,991 share of Freeport valued at $4.7 million. The fund's gold mining equities holdings include 350,000 shares of Gold Fields at $4.59 million, 250,000 shares of Kinross valued at $4.6 million, and 100,000 shares of AngloGold valued at $4 million.
Finally, the sovereign fund holdings also include a $498 million investment or 18,896,562 shares of Brazilian über iron ore miner Vale.
The SEC filing detailed equity holdings in U.S. listed companies and funds worth $9.63 billion at the end of 2009.
Other Mineweb articles
-
12/08/10 Alberta most attractive place for mining exploration, beating out Quebec, Finland and Yukon
-
21/05/10 Goldman Sachs likes long term outlook of copper, oil, corn and platinum
-
27/03/10 China Sci-Tech adds to recent move for Chariot Resources with Australian copper deal
-
12/02/10 Haywood Securities ups precious and base metals price forecasts
-
03/02/10 Barclays Capital analysts see further upside in commodity prices
-
13/01/10 The Rare Earth Revolution has investors stampeding
-
23/09/09 Tantalum market uncertainty as serious shortages loom
-
18/09/09 British Columbia mining projects to benefit from Northwest Transmission power line
-
26/08/09 The rush for lithium is just beginning
-
18/08/09 China moves on rare earths a threat to global supplies
Other Mineweb news
-
06/08/10 Kinross expects to produce 2 million ounces of gold and 10 million ounces of silver this year in spite of lowering product targets in Chile
-
26/07/10 UBS says thermal coal, copper, zinc and gold are the commodities to watch but warns investors to take their time accumulating assets
-
21/07/10 Barclays anticipates higher prices for copper, tin and lead
-
14/07/10 U.S. magnet industry warn of impending domestic REE shortage
-
14/07/10 Molycorp confirms intention to list, seeking $350 million in IPO
-
09/07/10 Euro versus US dollar battle goes on
-
06/07/10 Macquarie sees China commodities price falls and cutbacks ahead
-
23/06/10 US Senator introduces Rare Earth Minerals domestic program bill
-
23/06/10 Investment demand remains a big driver for silver but new industrial uses are expected to eat away current supply surplus
-
18/06/10 Ecclestone bullish on zinc and lead prices by end of 2010
Investors interested in Mineweb recently viewed
-
ABM Resources (ASX: ABU)
-
African Aura Mining (AIM: AAAM / TSX-V: AUR )
-
African Diamonds (AIM: AFD)
-
African Energy Resources (ASX: AFR)
-
Alkane Resources Limited (ASX: ALK)
-
Altus Strategies (AIM: Altus )
-
AmerAlia Inc. (OTCBB: AALA)
-
Amur Minerals (AIM: AMC)
-
Andover Ventures (TSX-V: AOX)
-
Anglesey Mining (LSE: AYM)
-
Apella Resources (TSX-V: APA)
-
Apollo Minerals (ASX: AON)
-
Arafura Resources (ASX: ARU)
-
Atlantic Coal (AIM: ATC)
-
Aura Energy Limited (ASX: AEE)
-
Auzex Resources Limited (ASX: AZX)
-
Avalon Rare Metals (TSX: AVL)
-
Aviva Corporation Ltd (ASX: AVA)
-
Baobab Resources (AIM: BAO )
-
Bass Metals (ASX: BSM)
-
Batavia Mining (ASX: BTV)
-
Black Ridge Mining (ASX: BRD)
-
Bravo Gold Corporation (TSX-V: BVG)
-
Cadillac Ventures (TSX-V: CDC)
-
Camino Minerals Ltd. (TSX-V: COR)
-
Carpentaria Exploration (ASX: CAP)
-
Chromex Mining (AIM: CHX)
-
Churchill Mining (AIM: CHL)
-
Cline Mining Corporation (TSX: CMK)
-
Cockatoo Coal (ASX: COK)
-
Connemara Mining (AIM: CON)
-
Emergent Resources (ASX: EMG)
-
EurOmax Resources (TSX-V: EOX)
-
European Nickel (AIM: ENK)
-
Eurotin Inc. (TSX-V: ERT.P)
-
Ferrexpo (LSE: FXPO)
-
Fission Energy (TSX-V: FIS)
-
Forte Energy (ASX / AIM: FTE)
-
Genesis Resources (ASX: GES)
-
Gippsland Limited (ASX, FRA: GIP)
-
Great Quest Metals (TSX-V: GQ)
-
Great Western Minerals Group (TSX-V: GWG)
-
Greenland Minerals and Energy (ASX: GGG)
-
Groote Resources (ASX: GOT)
-
Gulf Resources (ASX: GLF)
-
Halo Resources (TSX-V: HLO)
-
Icon Resources Limited (ASX: III)
-
India Resources Ltd (ASX: IRL)
-
Ironbark Zinc Limited (ASX: IBG)
-
Ironclad Mining (ASX: IFE)
-
Kalahari Minerals (AIM: KAH)
-
Kenmare Resources (LSE: KMR)
-
Landore Resources (AIM: LND)
-
Li3 Energy (OTCBB: LIEG)
-
London Mining (AIM: LOND)
-
Lynas Corporation Limited (ASX: LYC)
-
Marenica Energy (ASX: MEY)
-
Metallica Minerals (ASX: MLM)
-
Millennium Minerals Limited (ASX: MOY)
-
Millrock Resources (TSX-V: MRO)
-
Moly Mines (TSX / ASX: MOL)
-
Mosquito Consolidated Gold Mines (TSX-V: MSQ)
-
NGM Resources (ASX: NGM)
-
North American Tungsten (TSX-V: NTC)
-
North River Resources (AIM: NRRP)
-
Noventa (AIM: NVTA)
-
NQ Exploration Inc (TSX-V: NQE)
-
Ord River Resources Ltd (ASX: ORD)
-
Pacific North West Capital Corp. (TSX: .PFN)
-
Peninsula Minerals (ASX: PEN)
-
Phosphate Australia (ASX: POZ)
-
Pro Minerals Inc. (TSX-V: PRM)
-
Prophecy Resource Corp (TSX-V, OTCBB: PCY)
-
Rambler Metals & Mining (TSX-V, AIM: RAB)
-
Regency Mines (AIM: RGM)
-
Resource Generation (ASX: RES)
-
Rey Resources (ASX: REY)
-
Riverside Resources (TSX-V: RRI)
-
Robust Resources (ASX: ROL)
-
Rocky Mountain Resources (TSX-V: RKY)
-
Selwyn Resources (TSX-V: SWN)
-
Shaw River Resources (ASX: SRR)
-
Silver Swan (ASX: SWN)
-
SNS Precious Metals (TSX-V: SNS)
-
South Boulder Mines (ASX: STB)
-
Southern Silver Exploration Corp. (TSX-V: SSV)
-
Southern Uranium (ASX: SNU)
-
Stellar Resources (ASX: SRZ)
-
Stirling Resources (ASX: SRE)
-
Strategic Natural Resources (AIM: SNRP)
-
Stratex International (AIM: STI)
-
Strathmore Minerals (TSX-V: STM)
-
Sumatra Copper & Gold (ASX: SUM)
-
Tantalus Rare Earths AG (XETRA: TAE)
-
Tarsis Resources (TSX-V: TCC)
-
Thor Mining (AIM / ASX: THR)
-
Thundelarra Exploration (ASX: THX)
-
Toro Energy Limited (ASX: TOE)
-
Tournigan Energy (TSX-V: TVC)
-
TSX-V (TSX-V: LMG)
-
Western Desert Resources (ASX: WDR)
-
Western Potash Corp (TSX-V: WPX)
-
Westgold Resources Limited (ASX: WGR)
-
Weststar Resources Corp (TSX-V: WER)
-
White Canyon Uranium (TSX-V / ASX: WU )
-
ZINCOX RESOURCES (AIM: ZOX)










