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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 bogfiton Apr 23, 2024 5:32pm
119 Views
Post# 36004075

SOUTHERN AFRICA- on the brink of a devastating hunger crisis

SOUTHERN AFRICA- on the brink of a devastating hunger crisis

Zambia Bureau
LUSAKA, (CAJ News) – "SOUTHERN Africa is on the brink of a devastating hunger crisis as an unyielding drought tightens its grip.
 
El Nio has led to searing heat that led to massive crop failure causing water sources to dry up.  As a result, millions of people in Malawi, Zambia and Zimbabwe have been driven towards starvation.
 
“The situation is dire and demands urgent and coordinated action to avert a catastrophe,” said Matthew Pickard, CARE Southern Africa Regional Director.
 
In Malawi, El Nino has affected close to 4,4 million people due to below-normal rain and high temperatures.
 
This caused maize, a staple food in the mentioned countries, to be severely affected.
 
Other crops such as rice, groundnuts and soya beans have suffered substantial losses, threatening food security and livelihoods.
 
Over 2,7 million Zimbabweans are in need due to prolonged dry spells resulting in complete crop failure in many areas.
 
Forecasts predict a significant drop in crop yields and increased vulnerability among homes that depend on agriculture for sustenance.
 
 
Southern Africa grapples with escalating drought - CAJ News Africa
 
 
With stock market up, USD down, and copper at near record high, it must be IMO Ivanhoe's precarious sociodemographic circumstances that is the likely cause of investor angst today.

IMO it is NOT going to get any better over the next few months as temperatures rise and food stocks fall.
 
b.

 

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