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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 Aurum1983on Feb 05, 2018 8:27pm
226 Views
Post# 27508054

The new DRC tax law is actually good for IVN

The new DRC tax law is actually good for IVNbecause it has ultra-high grade, low costs and a lot of its political risks minimized by partnering with Gecamines, China and Japan. Financing is not going to be an issue with assets and partners like this. The new mining code will raise the bar for its competitors, perhaps even drive some other mines out of operations, not to mention driving up the price of copper, cobalt...etc. IVN will still be on track to production and will remain grossly profitable even with the new mining code. In other words, IVN is one of the most resilient in all of its peers. The most important question I ask is: Are the metals in the ground? Yes. Demand/Price going up in the next 10 years? Yes. Can we get the metals out economically? Yes. Do any of the stakeholders have reasons to not proceed? No. Regardless of who is president of DRC. If you don't know anything about mining but believe in the copper story/China's green revolution and want in - go with the guy who's done it successfully multiple times. Robert Friedland certainly stands apart from all others.
Bullboard Posts