#CITIC ok’d to complete C$612m investment in #Ivanhoe Mines

ivanhoe_drilling_in_kamoa_north-1

Ivanhoe Mines secured on Tuesday an additional C$612 million (about $464m) granted by its largest shareholder, China’s state-owned CITIC Metal, in April this year, which the Canadian miner is using to build a giant copper mine in the Democratic Republic of Congo.

The investment, now fully approved, is CITIC’s second major one in less than a year, bringing its total financing to about $1 billion.

Read more at: https://www.mining.com/citic-metal-okd-to-complete-c612m-investment-in-ivanhoe-mines/?utm_source=Daily_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=citic-okd-to-complete-c612m-investment-in-ivanhoe-mines

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