| Home : Ivanhoe Mines receives fourth of five scheduled US$41.2 million installment payments from Zijin Mining Group as part of Zijin's US$412 million investment in the Kamoa-Kakula Copper Project |
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Feb 09
2017 |
Ivanhoe Mines receives fourth of five scheduled US$41.2 million installment payments from Zijin Mining Group as part of Zijin's US$412 million investment in the Kamoa-Kakula Copper Project |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 8, 2017) - Ivanhoe Mines (TSX:IVN)(OTCQX:IVPAF) announced today that it has received the fourth installment of US$41.2 million owing from a subsidiary of Zijin Mining Group Co., Ltd. as part of a strategic co-development agreement under which Zijin acquired 49.5% of Ivanhoe's majority stake in Kamoa Holding Limited that holds the interest in the Kamoa-Kakula copper discovery, now being jointly developed by Ivanhoe and Zijin in the Democratic Republic of Congo. |
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| Source:http://www.marketwired.com/mw/release.do?id=2194627&sourceType=3 |
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