Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Post by stargazer1on Feb 23, 2017 3:29pm
475 Views
Post# 25884864

Death of opposition leader destabilizes Democratic Republic

Death of opposition leader destabilizes Democratic Republic
DRC minister says country 'can't afford' to hold election this year
Budget minister’s warning on poll funds comes after death of key opposition figure and amid fears over fragile political deal.

Jason Burke Africa correspondent

Repeatedly delayed elections in the Democratic Republic of the Congo face another obstacle after the budget minister said he doubted whether the country could find the funds to hold a poll this year.
Pierre Kangudia said government coffers were empty and it would be “difficult to gather” the necessary $1.8bn.

His claim has further dimmed hopes that a fragile political deal could avert serious civil conflict in the central African country.
It comes 12 days after the death of tienne Tshisekedi, a veteran politician whom analysts say was the only figure capable of unifying the DRC’s fragmented opposition to the continued rule of President Joseph Kabila.
Tshisekedi was set to lead a transitional council, part of an agreement put together in December intended to pave the way for Kabila to leave power in 2017 and refrain from running for a third term as president.

The end of Kabila’s presidential mandate in December prompted protests in cities across the DRC. More than 40 people are thought to have died and hundreds were arrested during two days of violence.
The deal, concluded under the auspices of Congo’s influential Catholic church, is heavily dependent on a government promise to hold polls this year.

Close aides of Kabila, who has been in power since 2001, claim logistical difficulties mean it would be impractical to hold any polls before 2018.
The president has been accused of trying to cling to power by postponing elections indefinitely – a charge denied by spokesmen and supporters.
Advertisement
Despite vast mineral and other resources, the DRC is one of the world’s poorest states. Kangudia likened the nation’s treasury to an “empty saucepan with holes in it”.
“We have to fill the holes before we can even put anything in it,” the minister said.
In January, Lambert Mende, the information minister, also expressed doubt about the possibility of a 2017 poll.

After Tshisekedi’s death, analysts predicted the government would seek to weaken the opposition
Tshisekedi’s son, Felix, may now be named prime minister in a forthcoming power-sharing government, if the agreement holds.

Western and African powers fear further political instability in the DRC could lead to a repeat of the conflicts seen between 1996 and 2003 in which as many as 5 million people may have died, mostly from starvation and disease.
The conflict was the deadliest in modern African history, involving two rounds of fighting in the late 1990s and early 2000s that dragged in the armies of at least six countries.

Analysts suggest two possibilities if opposition factions and the government cannot agree on a process with a minimum of legitimacy: a bloody, popular, urban uprising that ousts the president, or the slow collapse of the government as economic weakness, meddling by regional powers and international isolation undermine its authority.
......................
This does not mean that Ivanhoe is in any danger of having the Congo government renig on its contract, but it may be giving big players second thoughts, and it might, just might, mean that the stock will go down or consolidate for awhile. Just posted this for your consideration.

Bullboard Posts