Ivanhoe receives final instalment from Zijin for Kamoa stake

TSX-listed Ivanhoe Mines has received the final installment of $41.2-million owing from a subsidiary of Zijin Mining Group as part of a strategic codevelopment agreement under which Zijin acquired 49.5% of Ivanhoe’s majority stake in Kamoa Holding for $412-million. Kamoa Holding has an indirect 80% interest in the tier-one Kamoa-Kakula copper project, in the Democratic Republic of Congo, that is now being jointly developed by Ivanhoe and Zijin.