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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 AlwaysLong683on May 02, 2024 9:20am
239 Views
Post# 36019169

RE:RE:Entire transcript from Q1 earnings call.

RE:RE:Entire transcript from Q1 earnings call."How is IVN not the best opportunity, by a country mile, in this space?"

Because they are located in a country (DRC) that:

1) Is much more vulnerable to the effects of climate change (particularly flooding) than the vast majority of other countries in the world.

2) Remains one of the poorest countries in the world in terms of the % of the population (62%) who still live in extreme poverty despite the jobs IVN may have created since it arrived in the country. Thus, political risk is high, and with it comes the risk of everything from rebellion, the installment of a socialist government, much higher taxes on the one and only big source of wealth the country has (natural resources / mining), government confiscation of projects, etc.


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