Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s): IVPAF

Metals & Mining Copper

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

Ivanhoe Mines Ltd

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Comment by coocoologyon Mar 15, 2018 4:13pm

115 Views

Post# 27723160

RE:RE:RE:RE:RE:RE: starsearcher40 - Daily Totals

No Sir. There was new news. Copper being considered a strategic mineral with that 10% tax rate.

https://www.cnbc.com/2018/03/15/reuters-america-exclusive-congo-may-designate-copper-as-strategic-mineral-raising-miners-fees.html

Investors (retail especially) are skiddish about IVN in the first place. This story references an advisor to the prime minister - how much weight should you put on that? I suspect the sell off is the continued exchange of shares from weak hands to strong ones. This too shall pass.

GLTA
Long and overweight

bloomfield18 wrote: Star Searcher,

There was no "nervous nelly" news today. It's the exact same news as last week. We already know that international miners have formed their own organization for talks with the government. We already know the new mining law was passed. There is absolutely nothing new here.

And KAT is up for no apparent reason whatsoever, even as Glencore, their primary shareholder, has dropped. They are in the same region of Congo as K-K, and are subject to far more punishing royalties. The trading cannot be explained away through ordinary fundamentals. The "news" is simply a cover for action by market operators. The question is are they acting for themselves, or for someone else?