RE:RE:RE:RE:RE:RE:Friedland & Oyu TolgoiAfter the latest re-balancing of shares from the major shareholders of IVN,
CITIC Metal Africa will own about 26.4 percent of Ivanhoe,
Zijin will own 13.88 percent
and Friedland will own 13.2 percent
Between Citic and Zijin mining, they own a little over 40 % of IVN shares
In the K&K project,
Since Zijin has directly invested in the Kamoa-Kakula Copper Project, they should have a little over 50% in that project.
If adding CITIC support, ZIJIN will have a comfortable majority in the Kamoa-Kakula Project.
So they are in the driver seat.
Don't know the details of IVN agreement with CITIC & ZIJIN mining, but
when Rio Tinto reached a 51% of IVN shares in Oyu tolgoi project,
RF were not able to use the "poison pill" provision.
And was forced to step down.
Im not saying this could happen, but is a consideration.
Im sure Robert Friedland will try to maximize IVN's value.
But at what price ?