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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 Dec 14, 2017 12:21am
176 Views
Post# 27153463

RE:Congo Mining Law

RE:Congo Mining LawI don't think so. KAT is up 67% since the new mining law was announced. The extra 1% royalty and 5% income tax is certainly not positive, but it doesn't appear to be a deal breaker either. There may be additional loopholes for mining companies that we're not aware of at this time. A little accounting magic soothes sore muscles. I don't know this for fact in this particular case, but there are usually means to reduce taxable income in general. That's what accountants are for.





Bullboard Posts