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.

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Post by bogfiton Apr 11, 2024 2:02pm

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Post# 35983828

The future is here.

Presidential Declaration of Drought as National Disaster – On 29th February 2024, the President of the Republic of Zambia, Mr Hakainde Hichilema, declared the El Nio Induced drought a National Disaster and Emergency. The Integrated Food Security Phase Classification (IPC) report covering period October 2023 – March 2024, identifies 2.04 million people to require humanitarian assistance IPC 3 or worse (58,400 classified as IPC 4). The declaration indicates that eighty-four districts including those highlighted in IPC report require urgent humanitarian assistance to reduce food gaps and prevent malnutrition, protect and restore livelihood. The drought has destroyed one million hectares of maize from the 2.2 million hectares resulting in reduced production. Furthermore, water scarcity will impact pasture and drinking water for livestock and wildlife; this has the potential to increase the incidence of human and animal conflicts, as well as diseases.

WFP Zambia Country Brief February 2024 - Zambia | ReliefWeb

Zambia is experiencing unprecedented drought caused by El Nio with prolonged dry spell in February being the driest and hottest recorded since 1981. 84 out of 116 districts are affected with impact on food system sectors; water and sanitation; education and energy supply. On 29 February, the President declared a state of emergency.
Government crop assessment data estimates over 1 million hectares of crop land affected. Joint rapid assessments conducted in 27 of the most affected districts confirmed a dire humanitarian situation with local markets reporting critical shortages of food (only 11.4% reporting availability of maize and 31.1% maize meal).
51.7% of 4,277 surveyed households reported poor Food Consumption Score. Based on the modelled Minimum Expenditure Basket (MEB), 70.6% of the surveyed households was unable to meet food needs. Generalising these proportions to the 27 districts’ total population: 2.3 million were found moderately food insecure and 0.6 million severely food insecure."

Zambia – Drought (DG ECHO, Food Security Cluster) (ECHO Daily Flash of 11 April 2024) - Zambia | ReliefWeb

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