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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 ursusbrumaeon Mar 15, 2018 6:06pm
165 Views
Post# 27723867

RE:RE:RE:Definition of courage

RE:RE:RE:Definition of courageIvanhoe cannot bribe DRC politicians, because it is in direct contravention to the Canadian Corruption of Foreign Public Officials Act.  In order to get money to the politicians, it has to be done indirectly, or the officials must do it themselves through Gecamines or the state bank accounts.  This is one reason the Chinese have an advantage over the Western countries.  They can make small payments directly to the guys in power, to avoid larger payments to the central treasury.  In practice, it may be difficult to enforce, and the political will may not be there in Canada.  However, you may recall some big cases such as SNC Lavalin, or more recent and analogous examples such as Katanga Mining and Mag Industries, both mining companies in the DRC.

https://www.wsj.com/articles/glencore-probed-for-bribery-in-congo-1511190334

https://www.mccarthy.ca/transactions_and_cases_detail.aspx?id=8781

https://www.mcinnescooper.com/publications/its-official-facilitation-payments-to-foreign-public-officials-violates-canadas-corruption-of-foreign-public-officials-act-cfpoa/
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