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