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CIC in talks with Australian metal company

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Fortescue Metals Group, Australia's third-largest iron ore exporter, has held investment talks with China Investment Corp, the nation's sovereign wealth fund, and Anglo American Plc.

Talks are "preliminary and incomplete," Perth-based Fortescue said on Wednesday in a statement, without giving other details. New York-based JPMorgan Chase & Co, Azure Capital Pty and Grant Samuel & Associates Pty were hired to study approaches and proposals.

(Shanghai Daily February 19, 2009)

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