TSX-listed Ivanhoe Mines has completed the second major strategic equity investment of C$612-million in the company by Citic Metal Africa Investments, a subsidiary of Chinese resource company Citic Metal. Announced by Ivanhoe co-chairpersons Robert Friedland and Yufeng (Miles) Sun on Friday, the investment forms an integral part of Ivanhoe and Citic Metal’s long-term strategic cooperation and brings Citic’s investment in Ivanhoe to more than $1-billion in less than one year.
