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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 Oct 08, 2019 3:07pm
428 Views
Post# 30208614

Chinese Companies own another 1.08% of the Company

Chinese Companies own another 1.08% of the CompanyZijin is buying at $3.98, a substantial premium to the TSX. This demonstrates they'll take any opportunity to acquire more of the Company. I don't think there was much doubt China is going to develop these projects. The West is basically missing in action in Africa these days. Small error in the news release. It's 1.08% of the Company, not of his holdings. This is getting setup for a buyout somewhere down the road. Friedland still wants a better price to sell the remainder of his holdings. 1.08% isn't all that much. 
Bullboard Posts