Media monitor

摘要

Ivanhoe Mines and China's Zijin Mining Group signed a landmark agreement to co-develop the worldscale Kamoa copper discovery in the Democratic Republic of Congo. Zijin will buy 49.5% of Ivanhoe's 95% stake in Kamoa for a total cash consideration of US$412 million, with the option to acquire a further 1% upon successfully arranging project financing for 65% of the first phase of the development costs, which the preliminary economic assessment estimated at approximately US$1.4 billion.