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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

Post by wawahunt2on May 28, 2021 7:04am
263 Views
Post# 33284484

From May 15 2021

From May 15 2021

Kinshasa. President Felix Tshisekedi has announced that he wants to renegotiate DR Congo's mining contracts, reportedly including those with China, lamenting that the Congolese are still "languishing in misery" despite vast mineral resources.

The large central African country is a major exporter of copper, uranium and cobalt -- a key ingredient in batteries for consumer gadgets -- but remains one of the world's poorest states.

Visiting the southern mining town of Kolwezi on Thursday, Tshisekedi made comments that local media predicted could spark a stand-off with China over deals sealed under his predecessor.

"It's not normal that those with whom the country has signed mining contracts get richer while our population remains poor," Tshisekedi told thousands of residents in the city centre.

"It is time for the country to readjust its contracts with miners to seal win-win partnerships," he said.

"I have really had enough! I am very severe with these investors who come to enrich themselves alone. They come with empty pockets and leave billionaires.

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