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China's CITIC grabs stake in Ivanhoe Mines for $560 million

Cecilia Jamasmie | June 11, 2018 | 6:00 am Base Metals Battery Metals Precious Metals Africa Asia Canada Cobalt Copper Gold Lithium 

A Chinese state-owned conglomerate will become Canada's Ivanhoe Mines’ (TSX:IVN) biggest shareholder after billionaire Robert Friedland’s company agreed to sell a 20% stake for about $560 million (Cdn$723m). Under the deal, CITIC Metal will also make a $100 million loan facility...

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