Chinese Mining Investors

A unit of Chinese firm CITIC will buy 20 percent stake in Ivanhoe, a Canadian mining company for $555 million.

Ivanhoe is headquartered in Vancouver and is listed on the Toronto Stock Exchange. It has two projects in the Democratic Republic of the Congo, and one in South Africa. (CITIC Capital Partners, the private equity arm of CITIC Capital, invests globally, operates in China, Japan and the US and manages $2.6 billion of committed capital.)

Citic Private Equity is listed in the Chinese Private Equity and Venture Capital Directory with the code OR48

Yantai Jinpeng Mining, a privately owned Chinese engineering firm, has acquired stake in Walkabout Resources, an energy minerals developer based in Western Australia for $1 million.

Walkabout Resources is an African focused energy minerals developer and is listed on the Australia Securities Exchange. Its flagship project is the Lindi Jumbo Graphite Project located in south east Tanzania. It also has the largest thermal coal asset in central south Botswana. (With more than 20 years of experience, 350 employees and annual turnover of $60 million, Yantai Jinpeng Mining products are exported to more than 20 countries).

To see a list of investors from China similar to Yantai Jinpeng Mining, check the Chinese Investors Directory

More details follows:

Shandong Offshore International, a Chinese firm, has acquired Northern Offshore, a US Houston based offshore drilling company for $165 million.

Founded in 2000, Northern Offshore is based in Houston and listed on the Oslo Stock Exchange in 2007. It currently owns four drilling units and one floating production unit. Shandong Offshore is based in Qingdao, China, according to reports, and its Blue Ocean Drilling subsidiary is based in Houston.

To see a list of investors from China similar to Shandong Offshore International, check the Chinese Investors Directory.

More details follows

China's largest gold miner Zijin Mining invested $70 million in Canada gold mining firm Pretium for a 10 percent stake.

Vancouver-based Pretium Resources is developing a high grade gold find in northern British Columbia. Zijin is a large-scale mining group headquartered in China. It is the largest gold producer, second largest copper producer, and a significant zinc, tungsten and iron ore producer in China. (Zijin trades on the Shanghai and Hong Kong stock exchanges and has a market capitalization of over $9 billion).

To see a list of investors from China check our Chinese Investors Directory

More details follows

Continue reading "Zijin Mining invested $70 million in Canada gold mining firm" »

Russian lawmaker Mikhail Slipenchuk is seeking a Chinese investor for the $1 billion Siberian zinc deposit owned by his company IFC Metropol after Lundin Mining Corp. quit the project following the 2008 financial crisis.

"China will be the main consumer of our metal, that's why we prefer to get a Chinese partner," Slipenchuk said in an interview in Moscow. Talks are being held with Metallurgical Corp. of China and China Nonferrous Metal Industry's Foreign Engineering and Construction Co., he said in December.

To see a list of investors from China check our Chinese Investors Directory

More details follows from Bloomberg

Continue reading "Russian lawmaker seeks Chinese investor for $1 Billion zinc mine" »