Ivanhoe Mines secures $500m in private placement from QIA

Canadian mining company Ivanhoe Mines has received a $500m (C$688.63m) investment from the Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar. As part of the private placement, the company will issue 57,516,666 common shares to QIA, priced at C$12 per share. Ivanhoe Mines intends to use the funds to support its initiatives in the exploration, development and mining of critical minerals, alongside general corporate activities. The closing of the investment is contingent upon standard co ...