1 CHINA IS STARTING TO EAT INTO ITS EMERGENCY RESERVES OF PORK WWW.CNN.COM PUBLISHED:2019/09/13      2 INTERNATIONAL FORUM ON MONGOLIA-CHINA CASHMERE INDUSTRY ORGANIZED WWW.MONTSAME.MN PUBLISHED:2019/09/13      3 BEIJING, MOSCOW, RUSSIA, MULL OVER ARCTIC GAS PIPELINE ACROSS MONGOLIA TO CHINA WWW.SILKROADBRIEFING.COM PUBLISHED:2019/09/13      4 AMOUNT OF OUTSTANDING LOANS TO ENTITIES DECREASES BY MNT23 BILLION WWW.MONTSAME.MN PUBLISHED:2019/09/13      5 TAX REVENUE REACHES MNT6.2 TRILLION AS OF FIRST EIGHT MONTHS OF 2019 WWW.MONTSAME.MN PUBLISHED:2019/09/13      6 DECREASES SHOWED IN EXTRACTION OF MOLYBDENUM CONCENTRATE AND GOLD WWW.MONTSAME.MN PUBLISHED:2019/09/13      7 EXPORTS OF MINERAL PRODUCTS, TEXTILES AND PRECIOUS METALS MAKE UP 95.7 PERCENT OF TOTAL EXPORT WWW.MONTSAME.MN PUBLISHED:2019/09/13      8 TSAIRT MINERAL: EXPORTS DECLINED AS ZINC PRICE DROPS WWW.ZGM.MN PUBLISHED:2019/09/13      9 MONGOLIA TO JOIN INTER-AMERICAN CONVENTION ON SERVING CRIMINAL SENTENCES ABROAD WWW.MONTSAME.MN PUBLISHED:2019/09/12      10 MATTIA ROMANI: MONGOLIA’S BEEN EXCELLENT PARTNER FOR EBRD WWW.ZGM.MN PUBLISHED:2019/09/12      НҮҮРС, ТӨМРИЙН ХҮДЭР, ЖОНШНЫ ЭКСПОРТ ӨСӨВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/09/13     ГАДААД ХУДАЛДААНЫ ЭРГЭЛТ ӨМНӨХ ОНЫ МӨН ҮЕЭС 11.9 ХУВИАР ӨСЛӨӨ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/09/13     ХЭРЭГЛЭЭНИЙ БАРАА, ҮЙЛЧИЛГЭЭНИЙ ҮНЭ 0.3 ХУВИАР ӨСЖЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/09/13     МОНГОЛБАНК МӨНГӨН ТЭМДЭГТИЙН НУУЦЛАЛЫГ САЙЖРУУЛЖ БАЙНА WWW.IKON.MN  НИЙТЭЛСЭН:2019/09/13     ЦАЛИН ӨНГӨРСӨН 9 ЖИЛД 3 ДАХИН НЭМЭГДСЭН Ч ХУДАЛДАН АВАХ ЧАДВАР 58.8% Л ӨСЖЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/09/13     ХЭРЭГЛЭЭНИЙ БАРАА, ҮЙЛЧИЛГЭЭНИЙ ҮНИЙН ӨСӨЛТ УЛААНБААТАРТ 10.5%-Д ХҮРЭВ WWW.IKON.MN НИЙТЭЛСЭН:2019/09/13     МОНГОЛБАНК ҮЙЛ АЖИЛЛАГААНЫ ШИНЭЧЛЭЛИЙН ХӨТӨЛБӨРИЙН ЯВЦАА ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2019/09/13     АЗИЙН ХӨГЖЛИЙН БАНКНААС 158.3 САЯ ДОЛЛАРЫН ЗЭЭЛ АВЧ ЭРҮҮЛ МЭНДИЙН САЛБАРТ ЗАРЦУУЛНА WWW.EAGLE.MN НИЙТЭЛСЭН:2019/09/13     972 АЙЛЫН ТҮРЭЭСИЙН ОРОН СУУЦАНД ОРОХООР 35 МЯНГА ГАРУЙ ИРГЭН БҮРТГҮҮЛСНЭЭС 582 ӨРХ ТЭНЦЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/09/12     АХБ: 96 САЯ АМ.ДОЛЛАРЫН САНХҮҮЖИЛТИЙГ МОНГОЛ УЛСЫН ХУВИЙН ХЭВШЛИЙН ТӨСӨЛД ОЛГОСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/09/12    

Ivanhoe Mines secures full financing for first two mines in Congo www.mining.com

Canada’s Ivanhoe Mines (TSX:IVN) said Tuesday it’s ready to start building its first two copper mines in the Democratic Republic of Congo and significantly advance a third project after partner Zijin Mining Group added an additional C$67 million (about $49m) into the Canadian company’s coffers.

Zijin, China’s No.1 gold producer and Ivanhoe’s partner in the now massive Kamoa-Kakula copper project in the DRC, generated the additional funds by exercising its anti-dilution rights at C$3.98 per share, the Vancouver-based company said.

Ivanhoe can now finance Kakula and Kipushi mine to commercial production, and significantly advance, or achieve, production at the company’s Platreef project in South Africa.
China’s state-owned CITIC Metal, Ivanhoe’s largest shareholder pumped last month C$612 million (about $454m) into Canadian billionaire Robert Friedland’s company.

The combined funds from the two Chinese companies, accounting for more than C$679 million ($503m), will allow Ivanhoe to finance Kakula and Kipushi mine to commercial production, and significantly advance, or achieve, production at the company’s Platreef project in South Africa, it said.

Friedland, who made his fortune from the Voisey’s Bay nickel project in Canada in the 1990s, also said that Zijin’s Chairman Chen Jinghe had been nominated for election to Ivanhoe’s board at its Annual and Special Meeting of Shareholders to be held on June 28.

Ivanhoe Mines has been working on Kamoa-Kakula for ten years. In 2015, its now partner Zijin got on board by acquiring a stake in the company. Citic Metal followed suit last year, becoming Ivanhoe’s largest shareholder.

Friedland has repeatedly stated that Kamoa-Kakula has the potential to become the world’s second-largest copper mine.

According to an independent pre-feasibility study (PFS) released in February, the operation is expected to reach peak annual production of more than 700,000 tonnes of copper.

The proceeds from Zijin and CITIC are expected to be received by the first week of September.



Published Date:2019-05-16