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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 twogoodon Sep 16, 2016 8:04pm
281 Views
Post# 25247348

RE:RE:volatility

RE:RE:volatilityThe   drop is because of this :

DAKAR, Sept 16 (Reuters) - Protesters calling for Democratic Republic of Congo President Joseph Kabila to resign and hold elections burned tires on Friday in the streets of the opposition stronghold of Lubumbashi, and police fired tear gas to disperse them, U.N.-backed Radio Okapi reported


Elections were scheduled for November but the electoral commission said last month that Congo's voter registry will not even be complete until July 2017.

Kabila's opponents accuse him of stalling the vote to cling to power, though his supporters deny the charge.

However, donors and Western powers have pressured Kabila not to remain in power beyond when his mandate runs out on Dec. 19.

Lubumbashi lies in the heart of the copper belt of Africa's leading exporter of the yellow metal.

Kabila won disputed elections in 2006 and 2011 after succeeding his assassinated father, Laurent, in 2001. The constitution limits him to two elected terms, but the country's highest court has ruled he can remain in power until the election takes place, even if that falls beyond the end of his mandate in December.

If he does so, however, many analysts fear it could push Congo to the brink of another civil war, like the one that killed millions of people and sucked in half a dozen countries in the region between 1996-2003.

Dozens were killed in January 2015 in protests over a proposed revision of the electoral law.

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