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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
Post by ursusbrumaeon Jan 10, 2016 7:49pm
172 Views
Post# 24445233

Resource Nationalism in the Republic of South Africa

Resource Nationalism in the Republic of South AfricaJulius Malema, member and youth leader of the ruling African National Congress party and leader of the minority Economic Freedom Fighters party hails from within 100 km of the Platreef project, in Limpopo province.  Given his sketchy track record and apparent disrepute with the establishment he would appear to represent more of a radical element, rather than mainstream South African political sentiment.  A look at president Jacob Zuma's recent appointment of Mosebenzi Zwane as Mineral Resources Minister in September 2015, and the latter's attention to a proposal to purchase of uneconomic and unwanted mines from listed mining companies in the private sector and to advancing the 26% B-BBEE initiative, would suggest that the political mainstream is intent on pursuing a middle way of supporting labour and increasing the economic benefit to historically disadvantaged South Africans (HDSAs).  I suppose it goes without saying that nationalisation in many of its historical incarnations has tended to be a lose-lose proposition given its rejection of the advantages of international capital markets and foreign technical resources and labour.  On the other hand, this calculus may have limited bearing on political reality.  But in this case the moderate nature of the mainstream political rhetoric and developments, even at or near a secular low point in the sector, would appear to suggest that outright expropriation is not an immediate threat.  Of course, if Malema's Economic Freedom Fighters party gains in popularity from its current 6% minority then its influence could increase.  But at this point support is regional and the threat seems relatively remote.  If anyone has an alternate analysis, it would certainly be of interest.
Bullboard Posts