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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 cashtango00on May 27, 2024 9:01am
316 Views
Post# 36058589

Interesting move by CITIC....

Interesting move by CITIC....I read on TD morning notes that CITIC has filed with the Shanghai exchange, it has recevied approval from its BOD giving them the right but not obligation to sell up to 25m shares of its 314m shares in IVN over the next 12 months.  I am surprised by this move, but perhaps they are raising funds for another deal they are doing, or they have some financial challenges.  Anyone have any insight?
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