Ivanhoe Mines Ltd. T.IVN

Alternate Symbol(s): IVPAF

Metals & Mining Industrial Metals & Minerals

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.

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Ivanhoe Mines Ltd. > We will change the handle of that bog to FOGFIT LOL

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Comment by bogfiton Mar 01, 2024 12:19pm

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RE:RE:RE:We will change the handle of that bog to FOGFIT LOL

It's not lost on me! I have no criticism of Ivanhoe's operations as far as efficiency and low cost. But that isn't the whole story. It doesn’t matter how competent management is if local conditions prevent shipping concentrate to the market.

The situation in Zambia is serious and as the president of that country recently admitted that “Other countries in southern Africa are also in a dire situation”. It’s regional folks! And here’s the kicker, (climate change deniers can skip this) predictions presently are for a cycle into La Nina conditions sometime later this year. Which reduces the chance of rainfall relieving the current drought.

How will El Nio affect South Africa in 2024?
Strong El Nio will drive high needs across Southern Africa ...

Likelihood of below-average rainfall (shown in orange) in Southern Africa in December 2023-February 2024. The ongoing strong El Nio event, which is forecast to reach peak intensity in late 2023 and dissipate by mid-2024, is expected to drive below-average rainfall across much of Southern Africa (Figure 1). Nov 8, 2023

Strong El Nio will drive high needs across Southern Africa ...