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Ivanhoe Mines Ltd. T.IVN

Alternate Symbol(s):  IVPAF

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. It is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include Kamoa-Kakula Complex, Western Foreland, Kipushi and Platreef. The Kamoa-Kakula Complex project is a stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (kms) west of the town of Kolwezi and approximately 270 kms west of the provincial capital of Lubumbashi. The 17 licenses in the Western Foreland cover a combined area of 2,407 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex. The Kipushi Project lies adjacent to the town of Kipushi and 30 kms southwest of the provincial capital of Lubumbashi. Its Platreef project is situated approximately eight km from Mokopane and 280 km northeast of Johannesburg, South Africa.


TSX:IVN - Post by User

Bullboard Posts
Comment by ocean112on Nov 16, 2015 8:33pm
160 Views
Post# 24296104

RE:zijin

RE:zijin
twintomatoes wrote: Kamoa Holding and its subsidiaries, which include the Kamoa project, have been classified as a subsidiary held for partial sale in terms of international financial reporting standards, in anticipation of the sale. Ivanhoe continues to work with all parties to satisfy the conditions to closing of the purchase and sale of the 49.5-per-cent interest in Kamoa Holding to Zijin prior to the agreement's expiry on Nov. 26, 2015. 10 days to closing and the share price drops 10%........


I have a feeling it may get delayed again (perhaps what the market is anticipating) - with Zijin just announcing thier private placement with shareholder/regulatory approval pending - it seems with just 10 days away - another extension is likely unless they pull something out of a hat to close this by November 26....but wow - some fantastic deals to be had at these prices!
Bullboard Posts