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Zijin Mining Group Co Ltd (ZIJMF.PK)

ZIJMF.PK on OTC Markets Group

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Wed, Feb 8 2017

BRIEF-Ivanhoe Mines receives 4th of 5 scheduled installment payments from Zijin Mining

* Ivanhoe Mines receives fourth of five scheduled US$41.2 million installment payments from Zijin Mining Group as part of Zijin's US$412 million investment in the Kamoa-Kakula copper project

BRIEF-Ivanhoe Mines, Zijin Mining sign agreement to transfer 15 pct more interest in Kamoa-Kakula Copper

* Ivanhoe Mines-parties acknowledge, they shall not be entitled to any dividends from Kamoa Copper prior to repayment of 80% of all shareholder loans

BRIEF-Zijin Mining Group entered into a share acquisition agreement with Ivanhoe Mines Ltd of Canada

* Government of DR Congo acknowledges and confirms that all permits and mining rights in respect of Kamoa project are valid

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