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Financing Collapses in June QuarterBy Chris Hinde (SNL News) Funding for the mining industry collapsed in the June quarter, with financing transactions raising barely US$4.68 billion, compared with US$9.80 billion in the March quarter, US$6.10 billion in the December 2017 quarter and US$12.26 billion in the year-ago period; see table below. As highlighted in S&P Global Market Intelligence's recently published State of the Market, ...2018/08/17
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Report: Barrick Still Willing to Sell Super Pit, Other Noncore MinesBy Fawad Mir (SNL News) Barrick Gold Corp. Chairman John Thornton said the company is still open to a sale of its 50% stake in the Kalgoorlie Super Pit joint venture as the Western Australian gold project does not meet its criteria of a tier-one asset, The West Australian reported on August 15. The company's 2017 attempt at a US$1.3 billion sale to China's Shandong Tyan Home failed due to the intr...2018/08/17
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IIF Warns of Contagion in Emerging MarketsBy Peter Brennan (SNL News) The Institute of International Finance identified South Africa, Indonesia, Lebanon, Egypt and Colombia as especially at risk of contagion from the meltdown of the Argentine peso and Turkish lira. Emerging market, or EM, currencies weakened further on August 15 as the crash in the lira seeped into broader investor sentiment, even as the lira itself recovered. Turkey's cu...2018/08/17
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Ivanhoe Mines and CITIC Metal sign long-term strategic cooperation and investment agreementIvanhoe Mines and CITIC Metal sign long-term strategic cooperation and investment agreement CITIC Metal to acquire a 19.9% stake in Ivanhoe Mines CITIC Metal to invest approximately C$723 million to help advance Ivanhoe’s three world-scale mine-development projects in Southern Africa CITIC Metal to provide US$100 million interim loan facility BEIJING, CHINA – Robert Friedland, Executive Chairman ...2018/06/13
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Ivanhoe Mines and Zijin virtually triple hydroelectric output to support the Kamoa-Kakula Copper ProjectIvanhoe Mines and Zijin virtually triple hydroelectric output to support the Kamoa-Kakula Copper Project Fresh Kakula resource estimate being prepared based on drilling completed to the end of December 2017 KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Executive Chairman Robert Friedland and Chief Executive Officer Lars-Eric Johansson announced today that ongoing u...2018/01/15
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Ivanhoe Mines files NI 43-101 technical report on the Preliminary Economic Assessment for the Kakula Copper Discovery in the Democratic Republic of CongoVANCOUVER, CANADA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) announced today that, further to its news release dated December 13, 2016, the company has filed a National Instrument 43-101 (NI 43-101) technical report on the Preliminary Economic Assessment (PEA) for the high-grade Kakula Copper Discovery at the Kamoa-Kakula Project in the Democratic Republic of Congo (DRC). The Kamoa-Kakula Project is...2017/01/30