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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 Kazparovon Mar 23, 2017 6:17pm
240 Views
Post# 26022992

RE:RE:K/K project area surface rights

RE:RE:K/K project area surface rights"The surface rights are acquired by private parties according to the Land Law No. 73-021 of the 20th of July 1973, the state has the exclusive, inalienable and imprescriptible property of the land. The state can grant surface rights to private or public parties that have to be distinguished from mining rights since surface rights do not entail the right to exploit the mineral substances of the soil or subsoil and, inversely, a mining right does not entail any surface occupation right over the surface. However, subject to any rights of third parties over the surface concerned, the holder of an exploitation mining right has, with the authorization of the governor of the province concerned, and on the advice of the administration of mines, the right to occupy within his or her mining perimeter the land necessary for his or her activities and associated industrial activities, including the construction of industrial plants and dwellings, to use the water, dig canals and channels, and establish means of communication and transport of any type. Nevertheless, any occupation of land preventing the rightful surface right holders from using the surface, or any modification rendering the land unfit for cultivation, will entail the obligation for the holder of the mining rights to pay fair compensation. The mining rights holder is also liable for the damage caused to the occupants of the land in connection with his or her mining activities, even if they are authorized. The Mining Code provides for judicial and arbitral recourses in the event of disputes."
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