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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 Aug 12, 2017 1:39pm
207 Views
Post# 26574632

RE:RE:RE:better get something producing

RE:RE:RE:better get something producing Jeff,

The Chinese "will install the president that is best for their interests"? You know, just because you can think it up in your head, doesn't make it reality.

If the civil war resumes because Kabila refuses to step down, Kamoa-Kakula will become a military target. Half the profits go to the government, either from their 20% share of the project, or the 35% tax rate. Rebels are not going to just sit back and permit hundreds of millions of dollars to flow into government coffers to buy weapons to oppress the people. Cutting off sources of funds would be a top priority. They may attempt to overrun the mine, and sabotage associated infrastructure. This is Congo. They don't follow the Geneva Conventions. Any miners, geos, engineers, and management found by the rebels would be immediately executed. If they're lucky, kidnapped and held for ransom. Jeff, you believe death, mayhem, and murder is only restricted to Africans. You believe somehow Westerners can remain above the fray. It doesn't work that way.

For everyone's sake, it would be best if Kabila could find a safe way to step aside. Government forces have slaughtered whole villages, every man, woman, and child. He may fear being prosecuted for war crimes, or death at the hands of opponents. It is not easy to resign from the job of dictator. RF knew this was a gamble when he went into Congo. It was an opportunity to gain valuable assets, where others were afraid to enter. The final political outcome is beyond his control or that of his Chinese partners. Hopefully, there will be a peaceful political transition. For IVN and everyone else.

Bullboard Posts