Zijin’s $412m Kamoa investment boosts Ivanhoe’s coffers

China-based Zijin Mining’s $412-million investment in the Kamoa copper project, in the Democratic Republic of Congo (DRC), has given Ivanhoe Mines a significant financial boost to advance its projects in South Africa and the DRC. Canada-based Ivanhoe reported on Tuesday that it had $530-million in cash and future payments to its disposal to develop its copper, platinum and zinc projects. Of this, $91-million had been reserved for use at its 64%-owned Platreef project, in South Africa.