CITIC Metal to acquire additional 10% stake in Ivanhoe Mines for $454M

CITIC Metal, a subsidiary of Chinese conglomerate CITIC, agreed to acquire an additional 10 percent stake in Canadian mining company Ivanhoe Mines for C$612 million ($454 million), increasing its stake to 29.3 percent. The investment will help advance the Kamoa-Kakula copper project in DRC.

“CITIC Metal has agreed to acquire an additional 10 percent stake in Canadian mining company Ivanhoe Mines for C$612 million ($454 million).”miningconnection.com

• 1 source
• miningconnection.comCITIC Metal to Acquire Additional Stake in Ivanhoe Mines for $454 Million | Mining Connection — The Link For All Your Mining ResourcesApr 29, 2019

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