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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. The Company is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include The Kamoa-Kakula Copper Complex, The Kipushi Project, The Platreef Project., and The Western Foreland Exploration Project. The Kamoa-Kakula Copper Complex project stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (km) west of the town of Kolwezi and about 270 km west of the provincial capital of Lubumbashi. The Kipushi mine is adjacent to the town of Kipushi in the Democratic Republic of the Congo (DRC) approximately 30 km southwest of the provincial capital of Lubumbashi. The 21 licenses in the Western Foreland cover a combined area of 1,808 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex.


TSX:IVN - Post by User

Bullboard Posts
Comment by graffiti99on Jun 02, 2016 3:04pm
197 Views
Post# 24928144

RE:RE:RE:RE:any info on this ???

RE:RE:RE:RE:any info on this ???You would think it's simple logic, but why is Congo still the poorest country in the world despite the whole world mining there for over 100 years?

If Kabila used simple logic, he would step down and then run again legally in 5 years - he could make a comeback as a Congo hero. But....he won't. He's a warlord. He wants to stay in power. He led child soldiers in war efforts and saw his father assassinated by a child soldier when his father was president. Many Congolese detest western influences - they see them as colonial overlords responsible for decades of exploitation. In my opinion, Kabila views western influences as such.

The Congolese constitution, in Kabila's mind, is a guideline to create peace, law and order. But it's not binding, it should not tell him what to do. No one and no thing can do that. In Kabila's mind nobody else has brought so much prosperity to Congo in such a short period of time. So Kabila (in Kabila's mind), should remain in power to ensure this continues.

For the west, a constitution is entrenched and supercedes presidential power. For Kabila, the presidency supercedes the constitution. It's sad that he cannot see the error he's making.

Kipushi was once owned by First Quantum. Only to be confiscated, sold to Dan Gertler then sold to Ivanhoe because they weren't building fast enough. The Komoa mine is well characterized now. Any of the majors can easily build a mine there now. So for Ivanhoe, if you don't build fast enough, you will lose the mining rights because of a lack of progress. If you build too fast, you risk sinking in costs only to have it yanked by the warlord. So the trick, is to build it at a pace that keeps the warlord looking good. He lets you keep your share it if this happens! I'm sure Robert Friedland has this all worked out.
Bullboard Posts