Ernst & Young’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — rose 5% fin the January-March period.
This second major cash injection brings the Chinese miner's total investment in Ivanhoe to $1 billion, which gives the Canadian company the equity cushion required to build its massive Kamoa-Kakula copper mine.
The company has found in BayWa, a Germany agribusiness, a partner that will distribute the fertilizer Sirius plans to produce from its Woodsmith mine in Europe.