Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s): IVPAF

Metals & Mining Industrial Metals & Minerals

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. It is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include Kamoa-Kakula Complex, Western Foreland, Kipushi and Platreef. The Kamoa-Kakula Complex project is a stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (kms) west of the town of Kolwezi and approximately 270 kms west of the provincial capital of Lubumbashi. The 17 licenses in the Western Foreland cover a combined area of 2,407 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex. The Kipushi Project lies adjacent to the town of Kipushi and 30 kms southwest of the provincial capital of Lubumbashi. Its Platreef project is situated approximately eight km from Mokopane and 280 km northeast of Johannesburg, South Africa.

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Ivanhoe Mines Ltd > Africa's debt crisis

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Comment by AlwaysLong683on Aug 28, 2024 6:19pm

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Post# 36200261

RE:RE:RE:RE:RE:Africa's debt crisis

For a country to accumulate debt in the first place, there has to be another party willing to loan them the money. Poor countries like the DRC can't sell securites like government bonds easily like Canada, the USA, or Western European countries. For example, according to the IMF, countries like Hati (14.9), Russia (20.8), and Iran (25) also have a much lower debt-to-GDP ratio than the big Western economies, but not many investors want Haitian, Russian, or Iranian government bonds, much less in large quantities.

Willingness to buy a country's debt instruments is much more heavily reliant on the size and strength of its economy and credit rating (confidence that the lender will be paid back in full with interest):

The following areexamples of the current credit ratings of a sample of countries in 2024 based on the following scale:

AAA (best)

AA

A

BBB

BB

B

CCC

CC

C

D/SD (worst)

Canada / Australia / Sweden AAA