CITIC Metal to buy 19.9% of Canada's Ivanhoe Mines

Source: Mysteel Jun 14, 2018 16:35

Beijing-based CITIC Metal Co has reached a strategic cooperation and investment agreement with Canadian miner Ivanhoe Mines to acquire a 19.9% stake in Ivanhoe, according to CITIC Metal's announcement released on June 13.

Beijing-based CITIC Metal Co has reached a strategic cooperation and investment agreement with Canadian miner Ivanhoe Mines to acquire a 19.9% stake in Ivanhoe, according to CITIC Metal’s announcement released on June 13. The state-owned firm is allocating $560 million for the stake which will also make it Ivanhoe’s