Ivanhoe Mines Ltd. T.IVN

Zambia Mopani CNMC

[gord_bolton]

Kitco says it remains unclear where CNMC & Ivanhoe would get the money to buy Glencore out of the Mopani copper mine that they shut down. Link to News

[cashtango00]

Gord, I have never heard that Ivn is looking at that project and I’m not sure it fits with the direction of the company.  Your link doesn’t work. 

[gord_bolton]

It is not neccessarily Ivanhoe that initiated the interest in Mopani. Zambia has a very good relationship with CNMC and a poor relationship with Glencore. I posted earlier that Kipushi may straddle the border with Zambia with a National Park on the Zambia side. Zambia & DRC are both on the Copper Belt and Ivanhoe obviously has some excellent exploration abilities! Mufulira is on the DRC Zambia

[cashtango00]

https://www.mining.com/web/ivanhoe-and-chinas-cnmc-announce-africa-partnership/ This article points in that direction.....thanks

[gord_bolton]

CNMC has a better relationship with the Zambians than what Glencore developed. https://www.cnmc.com.cn/detailen.jsp?article_millseconds=1319198645250&column_no=0118 https://www.zccm-ih.com.zm/investments/mining-assets/cnmc-luanshya-copper-mines-plc/ https://www.miningnewszambia.com/ivanhoe-chinas-cnmc-partnership-set-to-benefit-zambia-africa/

[Lucentio]

Why would IVN have any interest in Mopani?   Mopani was a jewel in 1965 when I worked there, it's been producing for 60+ years.

[gord_bolton]

Ivanhoe is not into Zambia yet except maybe for part of Kipushi. Zambia has a significant partion of the world's copper & cobalt resources. Maybe some exploration will reveal more. Mopani has resources & processing plants. It may be Zambia & CNMC who are wooing Ivanhoe. https://www.worldatlas.com/articles/what-are-the-major-natural-resources-of-zambia.html click here

[Popeye82]

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