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Bullboard - Stock Discussion Forum 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... see more

TSX:IVN - Post Discussion

Ivanhoe Mines Ltd > From May 15 2021
View:
Post by wawahunt2 on May 28, 2021 7:04am

From May 15 2021


Kinshasa. President Felix Tshisekedi has announced that he wants to renegotiate DR Congo's mining contracts, reportedly including those with China, lamenting that the Congolese are still "languishing in misery" despite vast mineral resources.

The large central African country is a major exporter of copper, uranium and cobalt -- a key ingredient in batteries for consumer gadgets -- but remains one of the world's poorest states.

Visiting the southern mining town of Kolwezi on Thursday, Tshisekedi made comments that local media predicted could spark a stand-off with China over deals sealed under his predecessor.

"It's not normal that those with whom the country has signed mining contracts get richer while our population remains poor," Tshisekedi told thousands of residents in the city centre.

"It is time for the country to readjust its contracts with miners to seal win-win partnerships," he said.

"I have really had enough! I am very severe with these investors who come to enrich themselves alone. They come with empty pockets and leave billionaires.

Comment by wawahunt2 on May 28, 2021 7:13am
Part 2 It is also our fault. Some of our compatriots badly negotiated the mining contract. Worse, the little which returns to the state, they put in their own pockets," he added, referring to corruption that has plagued the nation. He promised to make the Democratic Republic of Congo "the world capital of strategic minerals". The day before he had arrived in Lubumbashi ...more  
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