CIC's Teck holding pays big dividends

China Investment Corp stake in resource firm nearly triples in value

SHANGHAI - China Investment Corp (CIC), the country's sovereign wealth fund, saw its $1.5 billion investment in Canada's Teck Resources Limited almost triple in asset value in a year, a top official from Teck said.

CIC bought 17.2 percent of Teck Resources, Canada's largest base metal maker, for $1.5 billion in July 2009 via a private placement as a long-term passive financial investor.