CITIC Metal

Robert Friedland, executive chairman of Ivanhoe Mines, and CEO Lars-Eric Johansson say CITIC has provided Ivanhoe Mines with a loan of US$100 million.

CITIC Limited has completed due diligence and has received approvals to complete the long-term, strategic cooperation and investment agreement with Ivanhoe Mines.

Robert Friedland, executive chairman of Ivanhoe Mines, and Lars-Eric Johansson, CFO, have announced that CITIC Metal, a wholly-owned subsidiary of CITIC Limited, has agreed to make a major investment acquiring a significant 19.9% stake in Ivanhoe Mines.