citic group mining south africa

CITIC Metal completes $560 million strategic

A Canadian mining company with three principle projects across Southern Africa has received a multi-million dollar strategic investment by a major Chinese metals company, as the company continues a strategic growth plan. ... Through the issuing of around 196,602,037 common shares to CITIC Metal Africa, CITIC Metal Africa is now …

Ivanhoe Mines and CITIC Metal sign long-term strategic

As CITIC Limited's arm in the business of resources and energy, CITIC Metal specializes in the import and distribution of copper, zinc, platinum-group metals, niobium products, iron ore, coal, and non-ferrous metals, export of silver, trading of steel products, and investments in metals and mining projects. CITIC Metal's major mining ...

Rafal and CITIC JV enters into a strategic partnership with …

CITIC Construction Co., Ltd. (the Company), a subsidiary of CITIC Group (China), is a leading company among the Engineering News-Record (ENR) Top 250 International Contractors. The Company has grown into a leading global contractor providing comprehensive construction and engineering services and is eligible for contracting major …

China's Zijin Mining to spend C$194m to increase stake in Ivanhoe Mining

Citic Metal, a unit of China's state-owned Citic Group, owns 29 per cent of Ivanhoe, which will fall to 26.4 per cent after the transaction. Zijin also owns a 36.9 per cent direct share of the ...

Ivanhoe Mines Completes Strategic Equity …

CITIC Metal Africa Investments Limited (CITIC Metal Africa), a direct subsidiary of CITIC Metal Co. Ltd – one of China's leading international resource firms, has completed its second major strategic …

China's Zijin and Citic Metal to buy copper from DRC mine

June 09, 2021 — 12:05 pm EDT. Written by Tom Daly for Reuters ->. By Tom Daly. June 9 (Reuters) - China's Zijin Mining 601899.SS said one of its subsidiaries and Citic Metal will each buy 50% of ...

Heavy Machinery Manufacturing

CITIC Heavy Industries is one of the world's leading manufacturers of heavy mining equipment and cement equipment. It is also one of the largest heavy machinery manufacturers in China. ... providing a gateway to mineral-rich regions such as South America and Africa. In 2014, CITIC Heavy Industries made breakthroughs in the …

CITIC Mining International

CITIC Mining International is one of the world's leading producers of magnetite iron ore and a large supplier of magnetite concentrate to China, producing and shipping over 20 …

Mineral Processing Equipment | Ore Grinding Machine

Vedanta Project in South Africa 1 SAG mill, Ø8.5×5.5m. 1 ball mill, Ø6.2×10.4m. CITIC HIC is an experienced company specialized in designing and manufacturing mineral …

CITIC Metal, Zijin sign offtake agreements for Kamoa-Kakula …

The JV comprises Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River (0.8%) and the Government of the DRC (20%). Ivanhoe Mines president and CFO Marna Cloete said: "The agreements reflect the great partnership we have with CITIC Metal and Zijin, and the advance payment facilities significantly reduce the mine's …

CITIC Metal to Invest an Additional C$612 Million (US$454 …

Real-Time News, Market Data and Stock Quotes For Junior Mining Stocks. CITIC Metal to Invest an Additional C$612 Million (US$454 Million) in Ivanhoe Mines at C$3.98 per Share - Junior Mining ...

Ivanhoe Mines Completes Strategic Equity Investment of …

The investment is an integral part of Ivanhoe and CITIC Metal's long-term strategic cooperation and brings CITIC Metal's investment in Ivanhoe Mines in less than one year to more than US$1.0 billion. Ivanhoe Mines has issued 153,821,507 common shares to CITIC Metal Africa through a private placement at a price of C$3.98 per share.

CITIC Metal's C$723 million strategic equity investment in …

CITIC Metal's C$723 million strategic equity investment in Ivanhoe Mines to close September 19, 2018 Additional C$78 million to be received concurrently from Zijin Mining CITIC Metal and Zijin Mining will […]

CITIC Metal's C$612 Million (US$465 Million) Second Equity …

This will be the second major investment by CITIC Metal Africa in Ivanhoe Mines, bringing its total investment in Ivanhoe to approximately US$1 billion, and positions Ivanhoe to become a leading copper and zinc producer in the DRC and a leading producer of platinum-group metals, nickel and copper in South Africa.

South Africa

Citi's earliest presence in South Africa dates back to 1920 when National Bank of New York opened an office in Cape town (first ever presence by Citibank in Africa). In 1958 the bank opened for business in Johannesburg, and remained active on the ground up until 1987 when Citicorp sold its South African subsidiary. Citi re-entered the country with a …

CITIC Metal's C$612 million (US$465 million) second

producer of platinum-group metals, nickel and copper in South Africa. Ivanhoe's joint-venture partner at the Kamoa-Kakula Copper Project in the Democratic Republic of Congo, Zijin Mining Group Co., Ltd., exercised its existing anti-dilution rights on May 15, 2019, which will yield additional proceeds to Ivanhoe of C$67 million (approximately ...

CITIC HEAVY INDUSTRIES SOUTH AFRICA (PTY) LTD

Nonmetallic Mineral Mining and Quarrying Mining (except Oil and Gas) Mining, Quarrying, and Oil and Gas Extraction Printer Friendly View Address: BLDG 16 1ST FLOOR 20 WOODLAND, WOODLANDS OFFICE PARK GAUTENG …

Ivanhoe Mines Announces C$500 Million Private …

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa; the expansion of the Kamoa-Kakula Copper …

CITIC Metal's C$612 million (US$465 million) second equity …

Corporate Profile. South Manganese Investment Limited ("South Manganese" or "Company"), a large multinational corporation, is a leading vertical manganese producer and researcher, with business activities including mining, beneficiation and downstream processing. South Manganese is the strongest producer of EMM, EMD and battery ...

Zijin increases Ivanhoe stake

CITIC Metal and Ivanhoe executive chairman Robert Friedland have agreed to sell 35.75 million shares or 3% and 12.9-million shares or 1.08% of their respective shareholdings to Zijin in a private ...

CITIC Metal invests US$454 million in DRC …

CITIC Metal, through its subsidiary CITIC Metal Africa Investments Limited (CITIC Metal Africa), has agreed to invest an additional C$612 million (approximately US$454 million) in Ivanhoe Mines, to …

Citic Metal receives internal approvals to complete …

China's Citic Metal has confirmed to Ivanhoe Mines that it has received the necessary internal approvals for its subsidiary Citic Metal Africa to complete its second …

CITIC (Part 1): Introducing The CITIC Conglomerate

In this article, we introduce the CITIC Group conglomerate ()(HKEX: 0267).Though most commonly known for its financial services and investment banking arm, the CITIC conglomerate actually spans a very wide range of industries with diverse businesses ranging from commodity mining, heavy machinery manufacturing …

CITIC Metal completes $560 million strategic

A Canadian mining company with three principle projects across Southern Africa has received a multi-million dollar strategic investment by a major Chinese metals …

Ivanhoe Mines completes strategic equity …

CITIC Metal Africa and Zijin Mining each have signed standstill agreements with Ivanhoe Mines. The standstills are intended to provide sufficient time to bring the Kakula Mine to …

Leadership & Governance – Ivanhoe Mines

Prior to joining the CITIC Group, Mr. Hao held several positions at Sinopec Engineering Incorporation from July 1992 to November 1997, and was mainly in charge of financial and project management. ... South Africa principally dealing with mining and construction clients. David is a registered Chartered Accountant and holds a Bachelor and an ...

2018 News | Ivanhoe Mines Ltd.

Ivanhoe Mines has issued 196,602,037 common shares to CITIC Metal Africa through a private placement at a price of C$3.68 per share. CITIC Metal Africa now has become Ivanhoe Mines' largest single shareholder through its acquired ownership of approximately 19.5% of the company's issued and outstanding common shares. Mr.

Dana Lin, CFA, MBA, CIR

• Responsible for SOE communication management with CITIC Group. ... diamond, oil etc., through acquisition due diligence on target companies in mining/energy industry • Deep understanding in countries/markets where mining/energy transactions are concentrated, e.g. South Africa, Zimbabwe, Kazakhstan, North America etc. • VIP Coordination ...

CITIC to complete $465m investment in Ivanhoe Mines

Ivanhoe Mines said in a statement: "This will be the second major investment by CITIC Metal Africa in Ivanhoe Mines, bringing its total investment in Ivanhoe to approximately $1bn, and positions Ivanhoe to become a leading copper and zinc producer in the DRC and a leading producer of platinum-group metals, nickel and copper in South Africa."