COPPER
China's Citic Metal has confirmed to Ivanhoe Mines that it has received the necessary internal approvals for its subsidiary Citic Metal Africa to complete its second investment in the TSX-listed miner for an additional C$612-million, or $464-million.
This investment will be Citic’s second major financing in less than a year, bringing its total investment in Ivanhoe to about $1-billion.
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