Quebec’s Daoust Sees C$1 Billion Mining Fund Buying Stakes Soon
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Quebec’s new C$1 billion ($798 million) fund dedicated to buying equity stakes in mining and other natural resources projects is moving closer to its first investments, Economy Minister Jacques Daoust said.
Capital Mines Hydrocarbures, as the state-owned fund will be called, may invest as much as C$200 million in a number of mines, Daoust said Wednesday.