Zijin Mining increases its stake in Kamoa-Kakula Copper Mine and Citic Metals becomes the main shareholder

Telah Terbit: Oct 9, 2019 09:21
Zijin Mining, one of China's largest mining groups, bought a stake for about C $194 million (US $146 million), raising its stake in Canada's Ivanhoe Mining from 9.8 per cent to 13.88 per cent. Zijin has a direct stake of 36.9 per cent in its Kamoa-Kakula copper project, which is expected to become the world's second-largest copper mine and is expected to start production by the end of 2021, according to an independent pre-feasibility study released in February. Copper production is expected to reach 700000 metal tons.

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Zijin Mining, one of China's largest mining groups, bought a stake for - Shanghai Metals Market (SMM)