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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 VOKBLVRon Mar 27, 2018 12:29pm
125 Views
Post# 27787549

RE:RE:RE:RE:http://www.mining.com/web/platinum-mines-worlds-top-producer

RE:RE:RE:RE:http://www.mining.com/web/platinum-mines-worlds-top-producerGlencore recorded payments that went to pay off individuals were recorded on their books as payments to GECAMINES. This misrepresentation to cover diversion from Gecamines to corrupt officials partially explains the missing money at Geacamines. If Zuma was one of the recipirents then we have got a major player with his hand in the cookie jar. Another possible recipient would be our old "friend" Dan Gertler. The posturing by Zuma to act as if the DRC and Gecamines was cheated makes for good press and to stand up for the mining code as a way of eliminating graft and getting  a fair share of the profits from the mines for the DRC and its citizens plays well in the DRC. I truly hope that the current renunciation of previous agreements to protect foreign investors is just a ploy rather than a cast in stone position. If the government does not reconsider its position I doubt that there will be any capex directed to any project reqiring capital from anywhere, whether it is for needed infrastructure  (rail. power distribution or generation, water treatment) or projects like mines that generate enough monies to lift the living srtandards of the citizens of the receiving country.
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