China's CITIC unit to buy 20% stake in Canada's Ivanhoe Mines for $555m

China's CITIC unit to buy 20% stake in Canada's Ivanhoe Mines for $555m

Visual from CITIC Capital's website

A unit of Chinese state-run conglomerate CITIC Ltd will buy a near 20 per cent stake in Canada’s Ivanhoe Mines for about C$723 million ($555 million), the companies said on Monday.

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