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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
Post by bloomfield18on Nov 12, 2019 7:45pm
233 Views
Post# 30342674

ITOCHU Still Responsible for Interest Bearing Loan

ITOCHU Still Responsible for Interest Bearing LoanIf you read the news release carefully, IVN is funding continued development through an interest bearing loan to Ivanplats. Which means Ivanplats must repay the loan to IVN. In other words, ITOCHU, through their 10% interest in Ivanplats has incurred debt instead of spending additional cash up front. They have not in any way quit the project. It just demonstrates how much cash IVN has available, that it can afford to lend money to junior partners.
Bullboard Posts