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Qatar Investment Authority invests $500M in Ivanhoe Mines for 4% stake to support African copper and multi-metal projects.
The Qatar Investment Authority has committed $500 million to Ivanhoe Mines through a private placement, acquiring 57.5 million shares at C$12 each, giving it a 4% stake.
The investment will support Ivanhoe’s critical minerals projects in Southern Africa, including two copper mines in the DRC and a multi-metal mine in South Africa expected to start production in late 2025.
The deal, pending TSX approval, includes an investor rights agreement and may lead to strategic collaboration.
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La Autoridad de Inversión de Qatar invierte $ 500M en Ivanhoe Mines por una participación del 4% para apoyar proyectos africanos de cobre y múltiples metales.