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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
Post by bloomfield18on Nov 16, 2017 7:42pm
176 Views
Post# 26980735

Getting Railroaded

Getting RailroadedGoing Deeper and Alvarez,

There is no mention in any official Company studies of an operational railroad 10 miles from the project. They discuss regional rail options, but nothing local. And they all end the rail section (5.1.3) exactly the same way:

"The condition of and access to the current rail infrastructure in the DRC make rail a less viable option for inbound Project logistics."

Now how is it possible that a qualified person, either professional engineer or geologist, failed to mention even once, that there is a perfectly good railroad just 10 miles from Kakula? 

Maybe because it's a dilapidated, rusting, piece of junk that hasn't seen any use in decades, and no one considered it worth mentioning?

I have a few questions:

When was the last time a train passed 10 miles from Kakula?
Can a person buy a ticket and travel 10 miles from Kakula by train?
And more to the point, how much will IVN have to spend to restore rail service?

I don't have any problem with IVN building rail access. It goes with the territory and is a lot more efficient than transport by truck. I'm sure they'll resolve the issue in time if the project advances as expected.

Bullboard Posts