Lars-Eric Johansson

Ivanhoe Mines states the placement transaction with CITIC Metal has received all necessary recordals and registration in China.

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.

Negotiations are ongoing with government agencies – Gécamines, Ivanhoe Mines partner at Kipushi and Société Nationale des Chemins de Fer du Congo, the DRC's national railway company – and potential project financiers to advance agreements to launch commercial production at Kipushi.

Ivanhoe Mines secures long-term supply of treated bulk water for the Platreef platinum, palladium, nickel, copper and gold mine in South Africa.