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FACTBOX: Chinese investments in commodities, energy sectors

Fri Jul 3, 2009 1:11pm EDT

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(Reuters) - Canada's Teck Resources (TCKb.TO) (TCK.N) said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp through a private placement that will raise C$1.74 billion ($1.5 billion) and help the miner pay down debt.

Earlier this month, China's Commerce Ministry said that China would steadily push its "go abroad" investment policy, unperturbed by the collapse of a $19.5 billion tie-up between Rio Tinto (RIO.AX) and Chinese metals conglomerate Chinalco.

The following are some major Chinese investments in the commodities and energy sectors this year:

* June 24, 2009 - Sinopec, China's largest oil refiner, agreed to buy Swiss oil explorer Addax Petroleum Corp AXC.TO for $7.24 billion, a deal that will give it access to high-potential oil blocks in West Africa and Iraq.

* June 23, 2009 - Chinese power company GCL-Poly Energy Holdings (3800.HK) said it would pay $3.38 billion for a Jiangsu province solar parts maker in a move to tap the country's growing solar energy industry.

* June 9, 2009 - Canadian mining and exploration company Consolidated Thompson (CLM.TO) said it had finalized terms of an agreement with China's Wuhan Iron and Steel Corp for a $240 million investment.

* May 24, 2009 - Asia's largest oil and gas producer PetroChina (0857.HK) agreed to buy Keppel Corp's (KPLM.SI) 45.5 percent stake in Singapore Petroleum Company for S$1.47 billion ($1.02 billion).

* April 30, 2009 - Chinese state-owned China Nonferrous Metal Mining Group agreed to take a majority stake in Australian rare earths miner Lynas Corp Ltd (LYC.AX) for A$252 million ($185.7 million).

* April 1, 2009 - Australian zinc miner OZ Minerals (OZL.AX) agreed to sell most of its assets to China's Minmetals for $1.21 billion.

* Feb 24, 2009 - Chinese steel mill Hunan Valin Iron and Steel said it will pay A$1.2 billion ($770 million) for a 16.5 percent stake in Fortescue Metals Group (FMG.AX).

* February 5, 2009 - Shenzhen Zhongjin Lingnan Nonfemet (000060.SZ), China's third-largest zinc producer, wins Australian government approval to acquire a controlling stake in zinc miner Perilya (PEM.AX).

(Reporting by Euan Rocha in Toronto; editing by Peter Galloway)


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