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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

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Post by rajualemon Dec 31, 2019 11:09am
264 Views
Post# 30505203

Chilean copper output falls

Chilean copper output fallsChile mining activity, copper production fall in November amid protests Tuesday, December 31, 2019 8 a.m. EST SANTIAGO (Reuters) - Chilean mining activity fell 7.1% in November, government data showed on Tuesday, plagued in part by operational issues at major mines during a tumultuous month of protests, road and port blockades and worker strikes in the South American nation. The world's top copper producer reported that production of the metal fell 6.7% in November from the same month a year earlier to 504,366 tonnes. Government statistics agency INE noted the fall in mining activity was in part due to an unfavorable basis of comparison, a reflection of strong production the previous November. Chile's vast copper mines largely maintained production and kept operations running normally through early November, amid the brunt of unrest, though there have been isolated incidents at some operations and uncertainty lingers. Chiles Codelco, the world's top copper miner, and BHP, which owns the sprawling Escondida copper mine, both reported increases in output in October despite riots that threw much of the country into chaos. November production figures for the mines are expected in early January. But Chiles Antofagasta, another of the worlds top copper miners, warned in November of larger than anticipated impacts on output from the Chile protests. MANUFACTURING UP Chilean manufacturing productionin November surprised analysts, jumping 3.2 percent compared with the same month the previous year, according to government data, bucking predictions of a sharper drop in output. The unexpected increase was driven primarily by a year-on-year rise in the production of chemical products, INE said. Protests in Chile have led to at least 26 deaths and billions in losses to private businesses and public infrastructure. The prolonged demonstrations and sometimes violent riots and looting prompted the central bank last week to slash forecasts for growth, investment and demand through 2020. (Reporting by Dave Sherwood, editing by Louise Heavens and Nick Macfie)
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