The Global Resource For Connecting Buyers and Sellers

Ivanhoe receives second $41.2m payment from Zijin

TSX-listed Ivanhoe Mines has received the second installment of $41.2-million from a subsidiary of Zijin Mining Group as part of the subsidiary’s acquisition of 49.5% of Ivanhoe’s stake in the Kamoa copper discovery in the Democratic Republic of Congo. Zijin – through its subsidiary Gold Mountains International – agreed to pay $412-million for the 49.5% interest in Ivanhoe subsidiary Kamoa, which presently owned 95% of the Kamoa project.