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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 bloomfield18on May 23, 2017 6:48pm
144 Views
Post# 26274927

RE:RE:IVN Gets Less Than 22% of the Profits

RE:RE:IVN Gets Less Than 22% of the Profits69 Chev,

You're referring to law 14-005, which governs public-private partnership and provides a legal framework to hand over 20% of the project to the national warlord. I also thought Ivan might get a break there. I checked through all the MD&As since November 2016. I looked through the notes of the most recent interim financial statements. Nothing, Nada. They will almost certainly be able to write off infrastructure investments, but when it comes to a tax holiday on future profits that's about it. The Congo government and the Chinese, who will likely supply the financing, are running the show here. IVN is along for the ride.


Bullboard Posts