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China’s $814bn fund to pursue vale iron ore streaming deal

  Shanghai / Bloomberg China Investment Corp., the $814 billion sovereign fund, is leading a Chinese investor group in talks for a multibillion-dollar iron-ore streaming deal with Brazil’s Vale SA, people familiar with the matter said. The consortium is negotiating the potential purchase of a portion of Vale’s future iron-ore output for as long as 30 years, two of the ...

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Origin Energy to start Australian wind farm sale

  Bloomberg Origin Energy Ltd., the Australian energy producer and retailer, plans to start the sale of an Australian wind farm project after gauging interest from potential buyers, people with knowledge of the matter said. The Sydney-based company will ask next week for expressions of interest for its planned Stockyard Hill project west of Melbourne, one of the people said, ...

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Oz bars foreigners from buying 50.4% of Ausgrid

  Bloomberg Australia upheld its decision to block foreign bidders from buying a majority stake in state-owned power network Ausgrid for more than A$10 billion ($7.6 billion), triggering a warning from China that the move will hurt bilateral ties. The deal would go against the national interest, Australian Treasurer Scott Morrison said in a statement on Friday, confirming last week’s ...

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