CEO: Far East Fund, China’s Metropoly to set up mining fund 2017

VLADIVOSTOK, Sep 5 (PRIME) -- The Far East Development Fund and China’s Metropoly Holdings will establish a U.S. $1 billion mining private equity fund, which may involve state-run China Gold, in 2017, the fund’s CEO Alexei Chekunkov said in an interview with PRIME on Tuesday.

“We will launch a fund to invest in mining projects this year. Moreover, we understand its first potential projects… in the Far East,” he said and added the fund may be increased to $10 billion.

Deputy Prime Minister Yuri Trutnev earlier said that the Far East Development Fund and Metropoly Holdings would set up two direct equity funds to invest in mining and infrastructure.

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