China Investment Corporation's Gold and Mining Sector Investments Exposed in SEC Filing

Strategic Insights -

The China Investment Corporation (CIC), one of the world's largest sovereign wealth funds, has revealed its significant investments in the mining sector through exchange-traded funds (ETFs) and equity holdings in mining companies. The fund's filings with the US Securities and Exchange Commission (SEC) show that CIC has taken positions in gold miners AngloGold Ashanti, Gold Fields, and Kinross, among other companies. The CIC's gold mining equities holdings are valued at over $18 million, while its total equity holdings in US-listed companies and funds amount to $9.63 billion.

Key Takeaways:

  • CIC's largest investment in the mining sector is in Teck Resources, with the fund owning 101,304,474 shares valued at $3.54 billion.
  • CIC also holds significant stakes in other mining companies, including Freeport-McMoRan Copper & Gold, Potash Corp of Saskatchewan, and Vale, with a total value of over $1 billion.
  • The fund's gold mining equities holdings include 350,000 shares of Gold Fields, 250,000 shares of Kinross, and 100,000 shares of AngloGold.
  • CIC's investments in the mining sector are valued at over $10 billion, with a significant portion held in gold-backed ETFs.
  • The fund's largest overall investment in Teck Resources was valued at $1.5 billion, with the shares now valued at $3.54 billion.
  • CIC's holding in PotashCorp worth $5.4 million includes 50,000 shares, while the fund's holding in Freeport valued at $4.7 million includes 58,991 shares.

Statistics:

  • Total equity holdings in US-listed companies and funds: $9.63 billion.
  • Value of gold mining equities holdings: over $18 million.
  • Shares of Teck Resources held by CIC: 101,304,474.
  • Value of Teck Resources investment: $3.54 billion.
  • Total value of CIC's investments in the mining sector: over $10 billion.
  • Number of shares of AngloGold held by CIC: 100,000.
  • Value of shares of Gold Fields held by CIC: $4.59 million.
  • Number of shares of Kinross held by CIC: 250,000.

Sources:

  • Euclid Infotech Pvt. Ltd.
  • Securities and Exchange Commission (SEC) filing by China Investment Corporation.