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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

Comment by tobesuchton May 21, 2021 12:45am
310 Views
Post# 33246251

RE:RE:RE:Coming To A Theatre Near You

RE:RE:RE:Coming To A Theatre Near YouDue to the high taxes and the 20% involvement of the DRC I do not see a reason why the mine should be nationalized. Over the thumb the DRC will receive ~50% (maybe even more) of the revenue which is a lot of money for this country. It could be something between 2 and 10 billion $ for the DRC alone and accounts therefore for something like 5 to 16% of their GDP. They would risk loosing credibility, a break with China and the mining operation in total. I cannot imagine that this is realistic.
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