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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 lookingon Dec 21, 2019 11:45pm
244 Views
Post# 30480862

Highlights

HighlightsThere was no mention of installations of the developmental equipment. Items of interest that I'm looking at are as follows:

1) The 34 km road which is nearing completion hooking Kakula to the airport - Ivn has stated that it should be completed by years end.

2) The underground work crews are presently at 6 and will be increased to 11-14 crews during the next 12 months

3) Currently underground development is 1,700 meters ahead of schedule 
4) The Mwadingusha hydro plant is progressing well and ahead of past stated comments from Ivn

underground development is approximately 30% complete and surface development is approximately 10% complete

Ivn continues to state that initial production will begin in the 3rd quarter of 2021....with the increased pace I can see a start up by June of 2021
On a side note which I will use as a comparison Zijin has made a purchase offer to buy Continental Gold...this is a gold development company which is about 9 months out from first production.....as much as I hope IVN never gets bought out , as I could live quite comfortably on dividends....I think the Citic/ Zijin takeover will take place anytime after December 01 2020

looking

Bullboard Posts