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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 norim109on Nov 24, 2016 11:13am
204 Views
Post# 25508422

RE:RE:RE:RE:Another relative big advantage

RE:RE:RE:RE:Another relative big advantageDifficult question to answer. Most of my work in the country was with the civil service. I met many qualified people at the Mines and Finance departments. These people should not be affected by a change in the government at the political level.

The sharp increase in the production of copper in the last 5 years has resulted in huge increases in government revenues. In 2014 the extractive sector contributes about $2 billion to government coffers (royalties, income tax, duty, etc), most of it from copper and cobalt mining. 

Any future government in the DRC would try to avoid measures that could kill the golden geese (copper mining).

The non-polical staff in the government are aware of the past mistakes (First Quantum is viewed by many as the best company that has ever been active in the country) and are pro-private sector and pro-foreign investments. 

The transition, if and when it happen, are not likely to have a big impact on mining in the Katanga province. Trouble could however be expected in Eastern provinces (gold mining).

This country has the potential to become one of the richest countries of Africa under good policies ...and stable government.  

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