Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s): IVPAF

Metals & Mining Copper

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

Ivanhoe Mines Ltd

Bullboard Posts

Comment by bloomfield18on Jul 27, 2020 7:42pm

314 Views

Post# 31327650

RE:When They Say 100% Owned

Zijin owns 39.6% of K-K, the same as IVN

Also, Chinese state miners, Zijin and CITIC hold just over 40% of the stock.

So, although they are not partners like at K-K, they still own 40% of the Company. Nothing can happen without their express consent. Today's news release must have had their wholehearted agreement. It sounds as though something is in the works. Why else issue a news release saying negotiations are ongoing at West Forelands, Platreef, and Kipushi? This doesn't have to be a buyout. They may be looking to procure additional financing to accelerate these projects into production. It will be interesting to see who the new partners are.

Bullboard Posts

The top 10 Canadian medical stocks