Reuters, 8 Apr 2009, Saeed Azhar and Joseph Chaney
SINGAPORE/HONG KONG (Reuters) - Singapore's Temasek, like other Asian and Middle Eastern sovereign wealth funds, is digging for deals in mining and oil, as it licks its wounds from financial sector investments that have soured in a global crisis.
The state investor is eyeing "aggressively sized" resource assets and could do a deal in the $5 billion range, a source familiar with the situation told Reuters, declining to be identified due to the sensitive nature of such deals.
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