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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 TheeRookon Apr 28, 2023 5:28pm
197 Views
Post# 35420151

RE:all good news

RE:all good newsLocation is always a risk with Russian influence increasing in Africa.


There is also growing evidence of the Wagner Group’s presence in Burkina Faso and the Democratic Republic of Congo (DRC).

Russia is courting Burkina Faso through military and political endeavours, and has stated its intent to aid nations in the Sahelian region in combating the jihadist threat in their countries. DRC, Mali, CAR and Sudan have all abstained or voted against requiring Russia to remove troops from Ukraine.

It’s unclear to what extent the Wagner Group does the Kremlin’s bidding as Prigozhin himself has repeatedly denied any involvement. But as a private enterprise, the profits for them in Africa are spectacular. And, as with so many of the biggest Russian businesses, Wagner’s successes are owed to the Russian state and the kleptocratic elites who are likely to share in its revenue.

https://ca.sports.yahoo.com/news/sudan-questions-wagner-group-involvement-155349991.html
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