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Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s):  IVPAF

Metals & Mining Copper
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

Ivanhoe Mines Ltd
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Post by bloomfield18on May 22, 2017 4:53pm
342 Views
Post# 26270953

Johnny: Then There Are Taxes

Johnny: Then There Are TaxesSince you are so interested in accounting, that cuts IVN share of Kakula to around 25%. Here's how it works. The government already has 20%. The corporate tax rate at 30% is going up to 35%. So, the government is taking a further cut from both IVN and the Chinese. IVN share of Kakula drops by a third from 39.6% to around 26%. Same applies to the Chinese.Then there are royalties, another 2 or 3%, I forget which. It is possible IVN will get a tax holiday for an initial period of time, until CAPEX costs are recovered, but according to the Nov 18, 2016 news release: "
  • The DRC government has reaffirmed Kamoa Copper’s mineral tenements and has guaranteed that the Kamoa-Kakula Copper Project will not be subject to any taxes or duties other than those legally required by the applicable statutory and regulatory provisions for the life of the project.

In the end, the Congo government gets half. IVN gets a quarter, and so do the Chinese. How much is a quarter worth? That question is for you Johnny, because I know you're such a whiz at math.
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