Chinese energy giant takes stake in Western Potashhttps://www.biv.com/article/20130604/BIV0108/130609990/-1/BIV/chinese-energy-giant-takes-stake-in-western-potash-mine-project
"China Blue is a subsidiary of China National Offshore Oil Corporation (CNOOC). China Blue's investment in Western Potash will be used to help develop the company's new potash mine near Milestone.
The recent deal marks CNOOC's second major investment in Western Canada this year. Earlier this year, CNOOC bought Nexen Inc. (TSX:NXY) for $15 billion.
Nexen is based in Alberta but jointly owns 300,000 acres worth of natural gas leases in the Horn River and Cordova basins of Northeastern B.C."