Canada's Teck Resources Says CIC Investment a Win-Win

(Beijing) -- Canadian mining firm Teck Resources said sovereign wealth fund China Investment Corp. (CIC)'s investment in the company is a dual win, as CIC has reaped hefty investment returns on Teck's expansion of its China business.

In July 2008, CIC invested US$ 1.5 billion in Teck, and the corresponding equity interest is now worth US$ 5.5 billion, Teck CEO Donald Lindsay told reporters on June 3.