CITIC

Ivanhoe Mines Announces C$500 Million Private Placement

Retrieved on: 
Tuesday, December 12, 2023
Sale, Indian stock exchange, NOT, BMO Capital Markets, Ivanhoe Mines, CITIC, Common, Prospectus, TSX, Toronto Stock Exchange, Exercise, Offering, Security (finance)

TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Ivanhoe Mines Ltd. (TSX: IVN; OTCQX: IVPAF) (“Ivanhoe Mines” or the “Company”) is pleased to announce that it has engaged BMO Capital Markets as sole agent in connection with a proposed offering of 41,667,000 Class A common shares (the “Common Shares”), on a private placement basis (the “Offering”) at a price of C$12.00 per Common Share (the “Offering Price”) for aggregate gross proceeds of C$500 million (approximately US$370 million). The Company expects to grant BMO Capital Markets an option, exercisable at the Offering Price up until 48 hours prior to the closing of the Offering, to place up to an additional 15% of the number of Common Shares purchased pursuant to the Offering. The Offering is expected to close on or about December 18, 2023 and is subject to Ivanhoe Mines receiving all necessary regulatory approvals, including approval of the Toronto Stock Exchange.

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
    TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Ivanhoe Mines Ltd. (TSX: IVN; OTCQX: IVPAF) (“Ivanhoe Mines” or the “Company”) is pleased to announce that it has engaged BMO Capital Markets as sole agent in connection with a proposed offering of 41,667,000 Class A common shares (the “Common Shares”), on a private placement basis (the “Offering”) at a price of C$12.00 per Common Share (the “Offering Price”) for aggregate gross proceeds of C$500 million (approximately US$370 million).
  • The Offering is expected to close on or about December 18, 2023 and is subject to Ivanhoe Mines receiving all necessary regulatory approvals, including approval of the Toronto Stock Exchange.
  • The Offering will be conducted in reliance upon certain prospectus and private placement exemptions.
  • The securities issuable to Canadian purchasers under the private placement will be subject to a hold period expiring four months and one day after the closing date.

Holo Metaverse Intelligent Home Library (Holo MIHL) Press Conference: Utilizing AI and other technologies to support SMEs

Retrieved on: 
Thursday, November 30, 2023
Metaverse, Book, Digital, Publishing, Penguin Random House, AI, CITIC, Digital technology, CITIC Press Group, House, Management

On November 29, Holo cooperated with the China branch of Penguin Random House, the world's largest publishing group, and held a press conference in Beijing.

Key Points: 
  • On November 29, Holo cooperated with the China branch of Penguin Random House, the world's largest publishing group, and held a press conference in Beijing.
  • The purpose was to introduce a new digital platform called Holo Metaverse Intelligent Home Library (Holo MIHL).
  • The event received support from two state-owned enterprises, CITIC Press Group and China Translation & Publishing House.
  • The support from state-owned enterprises for the Holo business will significantly contribute to the success of the plan.

Hebei Province Releases "Robot+" Innovation Demand List

Retrieved on: 
Wednesday, December 27, 2023
Hospital, CRRC Tangshan, Port of Jingtang, Engineering, Information technology, CITIC, Bohai Economic Rim

At the event, Zhang Zhijie, the director of Hebei Development and Research Institute of Industry and Information Technology, unveiled the "Robot+" Innovation Demand List for the Province.

Key Points: 
  • At the event, Zhang Zhijie, the director of Hebei Development and Research Institute of Industry and Information Technology, unveiled the "Robot+" Innovation Demand List for the Province.
  • CRRC Tangshan Co., Ltd., China Petroleum Pipeline Coating Engineering Co., Ltd., Hebei Provincial People's Hospital, and JingTang Intelligent Equipment Technology Co., Ltd., each presented their specific "Robot+" application scenarios.
  • Hebei Telecom, Hebei Mobile, Hebei Unicom, HBIS Industrial Technology Service Co., Ltd, CITIC HIC Kaicheng Intelligence Equipment Co., Ltd. and Hebei Boxline Intelligent Equipment Technology Co., Ltd., each conducted "Robot+" innovative application technology releases and product roadshows.
  • An official of Hebei Provincial Industry and Information Technology Department stated that the province highly values the development of the robot industry.

Judge Rules Kenwood Investments Can Proceed with Fraud Lawsuit Against Stockbridge Capital Group and Wilson Meany

Retrieved on: 
Wednesday, October 25, 2023
Capital Group Companies, Heart, Stockbridge Capital Group, CITIC, Fraud, Court, Disclosure, San Francisco Bay, Record, San Francisco County Superior Court, Book, SAN

SAN FRANCISCO, Oct. 25, 2023 /PRNewswire/ -- A California court ruled that Kenwood Investments LLC can proceed with its fraud and breach of fiduciary duties suit against its partners Stockbridge Capital Group and developer Wilson Meany in the multi-billion-dollar redevelopment of Treasure Island in the heart of the San Francisco Bay.

Key Points: 
  • The Kenwood complaint alleges that Stockbridge and Wilson Meany, investors with Kenwood in the project, conspired to divert profits that belong to Kenwood to an investment fund controlled by the Chinese government.
  • San Francisco Superior Court Judge Richard B. Ulmer Jr. issued orders on Oct. 18 allowing Sonoma, California-based Kenwood to proceed with the case and seek punitive damages, denying Stockbridge and Wilson Meany's attempt to get the case dismissed on technical grounds.
  • Kenwood brought Stockbridge and Wilson Meany into the Treasure Island Community Development project in 2005.
  • Kenwood is currently conducting discovery of defendants Stockbridge and Wilson Meany and various third parties, with an anticipated trial date in 2024.

SunCar Technology Group Inc. signed a three year designated driving services contract with CITIC

Retrieved on: 
Tuesday, September 12, 2023
Minor planet, Travel, CITIC, SDA, China CITIC Bank, Cryptocurrency, Sales

CITIC operates over 160 branches in mainland China as well as branches in Hong Kong, Macau, New York, Los Angeles, Singapore and London.

Key Points: 
  • CITIC operates over 160 branches in mainland China as well as branches in Hong Kong, Macau, New York, Los Angeles, Singapore and London.
  • SunCar’s designated driving service is a popular service with its elite institutional customers such as CITIC.
  • For them SunCar is the top choice for value-added services during business travel at home and abroad.
  • SunCar has built a comprehensive digitalized internal control system to guarantee the quality of service it provides.

Ivanhoe Mines Announces MOU to Commence Exports of Concentrate from Kamoa-Kakula Copper Complex via Lobito Atlantic Rail Corridor

Retrieved on: 
Wednesday, August 16, 2023
Ivanhoe Mines, LAI, Mota-Engil, Kipushi, Transport, U.S. International Development Finance Corporation, CITIC, Consortium, RTNC, TSX, Safety, Pressure, Robert L. Sumwalt (U.S. government official), Carbon, Climate change, MOU, Tehsil Municipal Administration, Multilateralism, Metal, GHG, Movement, Republic, DFC, Democratic republic, Economic development, Excellency, Copper, Copperbelt, Rail freight transport, Rail transport, Rare-earth element, Mining, Typesetting, Trafigura, DRC, Atlantic Ocean

The rail line linking the DRC Copperbelt to the port of Lobito, Angola is known as the "Lobito Atlantic Railway Corridor" or "Lobito Corridor".

Key Points: 
  • The rail line linking the DRC Copperbelt to the port of Lobito, Angola is known as the "Lobito Atlantic Railway Corridor" or "Lobito Corridor".
  • There is also potential for additional investment in the future as the opportunity is explored to further extend the Lobito Corridor into Zambia.
  • Up to 10,000 tonnes of copper concentrate from Kamoa-Kakula to be exported from the port in Q4 2023.
  • The MOU is the first commercial agreement under the new concession for exporting metals from the DRC using the Lobito Atlantic Rail Corridor.

Official Launch of "2023 Set Sail for GBA - Scheme for Financial Leaders of Tomorrow" Shenzhen-Hong Kong Youth Internship Programme in Finance

Retrieved on: 
Tuesday, June 6, 2023
SBS, Insurance, Fintech, Plan, Employment, CITIC, MH, Convention center, Life, Financial services, JP, The Programme, GBA, Culture, GBM, Former Central Government Offices, HKSAR, University, Social skills, Taiping, Risk management, Government, Treasury, Student, Data analysis, Work, Global Financial Leaders' Investment Summit, Financial Services and the Treasury Bureau, GBS, Guangdong–Hong Kong–Macao Greater Bay Area, Liaison Office, Property Owned by the Central People's Government in the Hong Kong Special Administrative Region, City, FSTB, Mathematics, YAN, Seemabaddha, Central government, Economics, Tutoring, Creative industries

HONG KONG, June 6, 2023 - (ACN Newswire) - As the global financial centre of our country, Hong Kong has nurtured generations of financial leaders.

Key Points: 
  • HONG KONG, June 6, 2023 - (ACN Newswire) - As the global financial centre of our country, Hong Kong has nurtured generations of financial leaders.
  • The Financial Services and the Treasury Bureau (FSTB) of the Hong Kong Special Administrative Region (HKSAR) Government, the Shenzhen Municipal Financial Regulatory Bureau (SMFRB) and the Greater Bay Area Homeland Youth Community Foundation (the Foundation) are co-organising the "2023 Set Sail for GBA - Scheme for Financial Leaders of Tomorrow" - Shenzhen-Hong Kong Youth Internship Programme (the Programme).
  • The Programme supports students from universities in Hong Kong to explore the financial market of the Greater Bay Area (GBA) through a 6-week internship in financial organisations in Shenzhen, as well as a 4-day/3-night trip to the GBA.
  • The Programme enables our talented youth from local universities to gain greater understanding of the GBA financial market, experience the way of life and culture in the GBA, and develop their social network.

K92 Mining Announces Significant De-Risking Milestone - Awarding Lump Sum Fixed Price Contract for the Design and Construction of the 1.2 mtpa Stage 3 Process Plant

Retrieved on: 
Monday, July 24, 2023
CITIC, IDP, Process, EPCM, EPC, KNT, Oil, SAG, GRES, Filter press, Engineering, TSX, Transport, Construction

The EPC Lump Sum Contract award amount is US$81 million and is fixed price / lump sum, significantly de-risking potential cost increases to K92.

Key Points: 
  • The EPC Lump Sum Contract award amount is US$81 million and is fixed price / lump sum, significantly de-risking potential cost increases to K92.
  • With the award of the long-lead items and the EPC contract, commissioning of the 1.2 mtpa Stage 3 Expansion Process Plant is targeting the end of Q1 2025.
  • The mobilization of the construction contractor is forecasted for early 2024, with bulk process plant earthworks to be completed prior.
  • John Lewins, K92 Chief Executive Officer and Director, stated, “The award of the EPC contract for the 1.2 mtpa Stage 3 Expansion Process Plant is a major milestone and de-risking event for the Company.

Ivanhoe Mines Announces Retirement of Non-Executive Co-Chairman and Director Yufeng "Miles" Sun

Retrieved on: 
Tuesday, July 18, 2023
Partnership, CITIC, CITIC Resources, Shanghai Stock Exchange, Aluminium, Mile, Niobium, Retirement, Investment, Mining, Companhia Brasileira de Metalurgia e Mineração, TSX, Copper, Growth, Sinopec, CBMM, Hong Kong Stock Exchange, CITIC Group, Management, Typesetting, Ivanhoe Mines, United Petroleum, Las Bambas copper mine

Johannesburg, South Africa--(Newsfile Corp. - July 18, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Founder and Executive Co-Chairman Robert Friedland and President Marna Cloete today announced the retirement of Non-Executive Co-Chairman and Director Yufeng "Miles" Sun. In addition, the company is pleased to announce the appointment of Weibao "Webber" Hao as Ivanhoe Mines' Non-Executive Co-Chairman and Director, effective today.

Key Points: 
  • In addition, the company is pleased to announce the appointment of Weibao "Webber" Hao as Ivanhoe Mines' Non-Executive Co-Chairman and Director, effective today.
  • Mr. Sun was appointed to the Ivanhoe Mines' Board of Directors in September 2018, following the first of two strategic investments made by CITIC Metal into Ivanhoe Mines totaling C$1.3 billion.
  • CITIC Metal's investment was transformational for Ivanhoe Mines, providing the necessary funding required to commence the construction of Kamoa-Kakula.
  • To view an enhanced version of this graphic, please visit:
    Weibao "Webber" Hao replaces Mr. Sun as Ivanhoe Mines' Non-Executive Co-Chairman and Director.

Ivanhoe Mines: United States Announces Support for Development of Lobito Atlantic Railway Corridor at the 2023 G7 Summit

Retrieved on: 
Wednesday, May 24, 2023
TEU, DRC, Maintenance, Partnership, CITIC, Metal, Transport, Unitary state, Carbon, Congo, Government, Angolan, Benguela railway, Ministry, DFC, Democratic republic, Century, TSX, U.S. International Development Finance Corporation, Rail freight transport, Rail transport, Mining, Typesetting

The "transformative economic corridor" connects the Angolan port of Lobito to the Democratic Republic of Congo (DRC) Copperbelt.

Key Points: 
  • The "transformative economic corridor" connects the Angolan port of Lobito to the Democratic Republic of Congo (DRC) Copperbelt.
  • The consortium will be responsible for the operation, management and maintenance of the rail infrastructure and rolling stock from the Lobito port to the Angolan-DRC border.
  • Further, on January 27, 2023, the governments of Angola, DRC, and Zambia signed the Lobito Corridor Transit Transport Facilitation Agency Agreement (LCTTFA).
  • The tri-partite LCTTFA aims to coordinate the joint development activities of the Lobito Corridor.