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China's CITIC to be Ivanhoe Mine’s top shareholder in $548m-deal

Cecilia Jamasmie | September 06, 2018 | 3:54 am Base Metals Africa Canada Copper 

A unit of Chinese state-run conglomerate CITIC will become this month Canada's Ivanhoe Mines’ (TSX:IVN) biggest shareholder following billionaire Robert Friedland’s company’s decision to sell a 20% stake for about $548 million (C$723m). The deal, announced in June, has received all necessary approvals from...

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