HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Follow the bread crumb trail from 1-6
(5) China Starts Hiring for New Asset Manager
China Investment Corp., the nation’s $300 billion sovereign wealth fund, has embarked on a global recruitment drive to hire 64 investment professionals for a new asset management firm it plans to establish within a month, says a person familiar with the matter. So reports the China Daily.
The new firm, to be called Guoxin Asset Management but already nicknamed the “second CIC,” has registered capital of just under $3 billion and is part of China’s bid to restructure its state-owned businesses.
In the morning of April 28, the second China Industrial Award ceremony was held in the Great Hall of People, Beijing. Baosteel Group Corporation was honored with this award and Group chairman Xu Lejiang accepted the award. Before the meeting, former State Council Vice Premier Zeng Peiyan cordially met the representatives of the award winning corporations and took pictures with them. China Federation of Industrial Economics's honorary president Gu Xiulian, Chinese industrial awards examination committee director and China Federation of Industrial Economics's chairman Xu Kuangdi attended the ceremony and gave out 7 China Industrial Awards for Baosteel and other corporations and 24 China Industrial Recognition Awards. State Chairman of Guoxin asset management company and former chairman of Baosteel Group, Xie Qihua also attended the awards ceremony.
(6)Baosteel Won the second China Industrial Award
2011-4-29
November 3,4 ,2010
(1)McGuinty Meets with Chairman Li Ka-shing and CEO Eric Huang
Leaders from Hong Kong's business community met Ontario Premier Dalton McGuinty and ministers Sandra Pupatello and Michael Chan to discuss investment opportunities in Ontario.
Premier McGuinty spoke at a reception hosted by the Canada-Hong Kong Chamber of Commerce. Guests included leaders in mining and financial services. McGuinty credited Ontario's strong financial services sector for helping it weather the global recession better than most other economies. He also talked about the government's plans to develop the Ring of Fire, an area in Northern Ontario that contains one of the world's largest chromite deposits......... McGuinty also met with Eric Huang, CEO of CITIC Merchant Bank.
(2) China investment corp is a subsidiary of Citic
(3) 3 months later.....
The China Investment Corp. (CIC), a US$300 billion Chinese sovereign wealth fund, has opened a foreign representative office in Toronto. It is only the second foreign representative office outside of mainland China. CIC opened a subsidiary in Hong Kong in November 2010.
(4) China’s CIC Aims to Invest in Canadian Resources, Globe Reports
By Hugo Miller - Mar 26, 2011 10:40 AM ET
China Investment Corp. is looking to invest in Canadian resource, infrastructure and real estate companies, the Globe and Mail reported, citing the director of the Beijing-based sovereign wealth fund’s Canadian office.
China Investment seeks minority stakes in such companies, not controlling investments, Felix Chee said in an interview.
“There is a perception and concern about China and the controlling of resources,” Chee told the Toronto-based newspaper, adding that the fund “does not seek control” of any Canadian company.
China Investment appointed Chee as head of the Toronto office, its first foreign representative bureau, in January. The fund bought a 17 percent stake in Teck Resources Ltd., Canada’s largest diversified mining company, for C$1.74 billion ($1.5 billion at the time of purchase) in July 2009.
To contact the reporter on this story: Hugo Miller in Toronto at hugomiller@bloomberg.net
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