CITIC Metal

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.

A unit of Chinese state-run conglomerate CITIC Ltd will buy a near 20% stake in Canada's Ivanhoe Mines for about $723 million (US$555 million). CITIC Metal will own 19.9% of Ivanhoe Mines' outstanding common shares, becoming its largest single shareholder.