Ivanhoe Mines Ltd T.IVN

"South Africa May Soon Take Land Without Compensation"

[AbuBaba]

What are the ramifications for IVN, if any?

https://www.zerohedge.com/geopolitical/south-africa-may-soon-take-land-without-compensation

South Africa’s National Assembly passed a bill on Sept. 28 that would allow the government to seize land without paying the owners, a practice known as ‘expropriation without compensation.’

[spacegimp]

What a pack of fools. Talk about killing an investment climate , now you are at the mercy of any little village wanting to claim ancestors once wandered around the mine site 

[charni]

Not to worry. Governments all over the world pass idiotic laws all the time and have to backtrack or soften their stance. 

[Drksideofmoon]

Don't forget that the govt's and community already get a free ride on some profits while using Ivanhoe expertise and labor.  which is something I'm proud of as a shareholder.  For the most part they don't have the expertise to take over our operations, not to mention that the additional workers with the needed skills are just not available. That's one of the things

[UNKLAL]

You can't discount the fact that the Chinese are invested here and the money they have poured into Africa will keep gov'ts. in Africa on a short leash!!! Why do you think Robert let them in as major stockholders? Not that I'm a Chinese lover!!! jmo UNKLAL