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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 Jan 14, 2019 8:50pm
119 Views
Post# 29231030

RE:RE:RE:RE:RE:RE:RE:RE:Congo ruling coalition wins legislative majority,

RE:RE:RE:RE:RE:RE:RE:RE:Congo ruling coalition wins legislative majority,Tops,

I believe you. Kamoa First. However, the objectives of Chinese State miners may not align with IVN shareholders who seek to maximize profits. State miners like profits as much as anyone, yet by definition, needs of resource by the State, take priority over profit. Of course, that doesn’t mean they can’t arrive at an understanding on a case by case basis. The government is on the record that they can. 

Adding up the new mining law, (35% corporate tax + 10% free carried interest + 10% revenue based royalty if copper declared a strategic metal), squeezes every last drop from the profit lemon. They’re too greedy by far from the viewpoint of bottom line profits, I have no doubt in one month, DRC will end up in the basement of the Fraser Institute list. That list is compiled by top mining CEOs, not a bunch of ivory tower academics. By the way, Tops, I’m not on the outside looking in. I never exited my position.

Nothing lasts forever. I see this government as highly unstable. Although they’re armed, it’s nothing that a determined force of insurgents couldn’t overrun. I believe it will prove impossible to maintain the status quo for long.


Bullboard Posts