China firm to buy 20 percent of Canada Ivanhoe for $555 million

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