Finance > M-a

CITIC buys 19.9% stake in Africa-focused Ivanhoe Mines

A division of China’s largest conglomerate CITIC Metal has agreed to take a 19.9% stake in southern Africa-focused mega-project developer Ivanhoe Mines.

Henry Lazenby in Vancouver

Finance > M-a

CITIC buys 19.9% stake in Africa-focused Ivanhoe Mines

A division of China’s largest conglomerate CITIC Metal has agreed to take a 19.9% stake in southern Africa-focused mega-project developer Ivanhoe Mines.

Henry Lazenby in Vancouver

CITIC buys 19.9% stake in Africa-focused Ivanhoe Mines

The deal will see CITIC Metal become Ivanhoe's single largest shareholder, besting founder and executive chairman Robert Friedland's 17% Ivanhoe stake.