# 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.

- Type: Acquisition
- Announced: 2019-04-29
- Where: Canada
- Value: $454.0M
- Status: announced
- Products: copper, zinc, platinum-group metals, nickel
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [CITIC Metal](https://endata.com/companies/32504.md) (acquirer)
- [Ivanhoe Mines](https://endata.com/companies/32505.md) (target)

## Sources

- [miningconnection.com](https://miningconnection.com/coal_prep/news/article/citic_metal_to_acquire_additional_stake_in_ivanhoe_mines_for_454_million), 2019-04-29: "CITIC Metal has agreed to acquire an additional 10 percent stake in Canadian mining company Ivanhoe Mines for C$612 million ($454 million)."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.