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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. It is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include Kamoa-Kakula Complex, Western Foreland, Kipushi and Platreef. The Kamoa-Kakula Complex project is a stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (kms) west of the town of Kolwezi and approximately 270 kms west of the provincial capital of Lubumbashi. The 17 licenses in the Western Foreland cover a combined area of 2,407 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex. The Kipushi Project lies adjacent to the town of Kipushi and 30 kms southwest of the provincial capital of Lubumbashi. Its Platreef project is situated approximately eight km from Mokopane and 280 km northeast of Johannesburg, South Africa.


TSX:IVN - Post by User

Bullboard Posts
Post by bloomfield18on Jun 16, 2018 11:59am
289 Views
Post# 28181550

Good Timing on Financing

Good Timing on FinancingA combination of rising US interest rates and high tariffs will put enormous pressure on overextended Chinese debt markets. If this continues for several months, Chinese growth must take a hit. Which means metal prices will take a hit. The DRC has become toxic for Western miners. Only those with current operations remain. Chinese state miners are still prepared to acquire additional projects in the DRC. However, six or twelve months down the road that financing may not be available. It depends how far this looming trade war goes. As it now stands, IVN has enough funds to continue for at least two or three years. Considering possible storm clouds in the macroeconomic forecast, this was an excellent time to lock down a major financing. If the threat blows over quickly, IVN share price must improve. If not, there are now plenty of funds to weather any storm.
Bullboard Posts