Ivanhoe Mines Closes US$500 Million Strategic Private Placement with Qatar Investment Authority

Core Insights - Ivanhoe Mines has successfully closed a US$500 million strategic private placement with Qatar Investment Authority (QIA) [1] - The company issued 57,516,666 common shares at a price of C$12.00 per share to QIA, with Zijin Mining Group acquiring an additional 8,004,800 shares to maintain its equity interest [2] Company Overview - Ivanhoe Mines is a Canadian mining company focused on three main projects in Southern Africa: the Kamoa-Kakula Copper Complex, the Kipushi zinc-copper-germanium-silver mine, and the Platreef platinum-palladium-nickel-rhodium-gold-copper mine, which is expected to start production in Q4 2025 [3] - The company is also exploring for copper in its extensive exploration licenses in the Western Forelands and seeking new sedimentary copper discoveries in Angola, Kazakhstan, and Zambia [4] Investor Profile - Qatar Investment Authority (QIA) is the sovereign wealth fund of Qatar, established in 2005, and is one of the largest sovereign wealth funds globally, investing across various asset classes and regions [5]