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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 Feb 09, 2018 12:19pm
168 Views
Post# 27534018

RE:RE:RE:Remember RF crowing about how Tesla would go bankrupt

RE:RE:RE:Remember RF crowing about how Tesla would go bankruptMr. Bigger,

Anything is possible. But remember when the Saudis nationalized oil they had a very well developed industry with mature infrastructure in place. It was a turnkey operation. In an arrangement with the US government, they paid compensation in what amounted to a corporate buyout. According to international law companies must be fairly compensated for nationalization. Congo has 10 year Stability Pacts in place that would be recognized under international law. If they refuse to pay then bank accounts and shipping assets would be seized to enforce compliance. 

Beyond that, they don't have the tens of billions of dollars in funds required to develop a mining industry and build infrastructure. They have everything to lose and nothing to gain. As it is, the country desperately needs money just to feed their people, who are currently starving. For this reason I believe talk of nationalization is more of a negotiating ploy to wring concessions, rather than a realistic option to achieve national objectives.


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