• Mar. 23, 2015, 10:39 AM
    • China's Zijin Mining (OTCPK:ZIJMF) agrees to buy a 9.9% stake in Ivanhoe Mines (OTCPK:IVPAF) for ~C$105M, which will provide support for the Canadian miner's development stage projects in South Africa and the Democratic Republic of Congo.
    • Under the terms of the deal, Ivanhoe Mines, which is led by mining tycoon Robert Friedland, will issue ~76.8M common shares to Zijin through a private placement at a price of C$1.36/share.
    Mar. 23, 2015, 10:39 AM | 1 Comment