http://online.wsj.com/article/SB10001424052702303983904579093512405948546.html
China's largest gold company, China National Gold Group Corp., has talked to Ivanhoe Mines
IVN.T -12.50%
about buying a stake in or assets from the company founded by
flamboyant mining magnate Robert Friedland, two people familiar with the
matter said.
It is unclear where talks stand, but, if completed,
such an investment would mark another step into international markets
for the Beijing-based miner and further Chinese investment in African
mining. It could also entail Mr. Freidland's taking on a major
international partner not long after he lost control of a major mining
company to London-listed giant, Rio Tinto PLC.
On Monday, Toronto-listed Ivanhoe said it is selling $100 million
worth of stock at $2 a share, a sharp discount to Friday's closing price
of $2.56. The stock fell 11% as investors digested news of the dilution
and analysts said that the total falls short of the money that Ivanhoe
needs to raise.
In a release Ivanhoe said that it is in discussions with a number of
international, private and state-owned mining companies about raising
further funds through investments in its projects and the company.
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