International news within the industry of mining and metal, Jul, 23 2018
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Chinese group agrees to invest $550M in Canadian miner

Photo by Ivanhoe Mines
Photo by Ivanhoe Mines
Published by
Jaroslaw Adamowski - 11 Jul 2018

Chinese investment Canadian miner Ivanhoe Mines says its Chinese partner CITIC Metal has agreed to purchase 19.9% stake in the company. The Chinese group says it aims to invest C$723 million (US$550 million) in the miner to help advance Ivanhoes three world-scale mine-development projects in Southern Africa.

 

"CITIC Metal confirms completion of confirmatory due diligence and receipt of CITIC internal approvals necessary to complete its C$723 million investment in Ivanhoe Mines," the Canadian miner said in a statement. "Zijin Mining has fully exercised its anti-dilution rights, which will generate an additional C$78 million. Funds will be used to advance Ivanhoes three world-scale mine-development projects in Southern Africa."

 

Ivanhoe Mines says it aims to rapidly advance its Kamoa-Kakula, Platreef and Kipushi projects.

 

CITIC Metals major mining investments comprise a 15% stake in the Las Bambas copper project in Peru, and leading a Chinese consortium in purchasing a 15% stake in the Brazil-based niobium producer CBMM.

Keliber geologists on the run in Finnish forests. The first indications of spodumene, a mineral rich in lithium, in the bedrock of Kaustinen were discovered in the village of Nikula in 1959. Since then, the area has been explored in a number of stages spanning the past decades. Today, the lithium spodumene deposits of Central Ostrobothnia are one of the most important reserves in Europe. Photo: Keliber
Keliber geologists on the run in Finnish forests. The first indications of spodumene, a mineral rich in lithium, in the bedrock of Kaustinen were discovered in the village of Nikula in 1959. Since then, the area has been explored in a number of stages spanning the past decades. Today, the lithium spodumene deposits of Central Ostrobothnia are one of the most important reserves in Europe. Photo: Keliber

Kelibers environmental impact assessment answered by the NTM Center

"Harmful substances in the slate"

On January 18 this year, the mining company Keliber sent an MKB description to the Finnish NTM...