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CITIC Metal gets internal green light to buy 19.5% stake in Ivanhoe

By: Marleny Arnoldi     9th July 2018 China State-owned investment company CITIC’s subsidiary CITIC Metal has completed its confirmatory due diligence and has received the necessary internal approvals to complete the long-term, strategic cooperation and investment agreement with TSX-listed Ivanhoe Mines.  

Congo's miners face harsh new reality as mining law finalised

By: Bloomberg     13th June 2018 The options for mining companies battling new legislation in the Democratic Republic of Congo -- Africa’s biggest copper producer and the source of two-thirds of the world’s cobalt -- have just about run out. After six months of lobbying, companies including Glencore and Randgold Resources have... 

Miners insist on rewrite of Congo mining code to protect exemptions

By: Reuters     6th April 2018 International mining companies have insisted that Democratic Republic of Congo amend portions of a new mining code to respect exemptions they were granted by its predecessor. The companies announced last week that they had submitted a formal proposal to the government but the document itself,... 

On-The-Air (23/03/2018) 

By: Martin Creamer     23rd March 2018 Anglo American has embarked on a very ambitious job-creation programme. Advisory firm Deloitte this week launched Intelligent Mining to encourage digital transformation in South Africa’s biggest industry; South African business luminary Patrice Motsepe has expressed the firm belief that South... 

Congo's Kabila to sign new mining code soon after meeting with miners

By: Reuters     8th March 2018 Democratic Republic of Congo President Joseph Kabila will soon sign into law a new mining code, the government and the country's mining companies said on Wednesday. The code has been vigorously opposed by the miners. The announcement followed a nearly six-hour meeting between Kabila and mining... 

Randgold could lose $10m a year under proposed Congo mining code

By: Reuters     8th February 2018 Randgold Resources could lose $10-million per year if a proposed change in the Democratic Republic of Congo is signed into law, Chief Executive Mark Bristow said. "At the top end it would be $10-million a year," Bristow told Reuters, referring to the financial impact of the new law. 

Ivanhoe concludes Kipushi PFS, embarks on DFS

By: Natasha Odendaal     13th December 2017 TSX-listed Ivanhoe Mines has outlined the “outstanding” findings of a prefeasibility study (PFS) to revive the historic Kipushi zinc-copper-silver-germanium mine, in the Democratic Republic of Congo. The PFS, undertaken to refine the findings of the 2016 preliminary economic assessment (PEA) and... 

Ivanhoe expects new mineral resource estimate for Kakula by year-end

By: Anine Kilian     9th November 2017 TSX-listed Ivanhoe Mines expects a new mineral resource estimate for the entire Kakula discovery, in the Democratic Republic of Congo, by the end of the year, based on the current, delineated strike extent of least 12 km, the company said in a statement on Thursday. The new evaluation will expand... 

Ivanhoe agrees to rehabilitate critical rail line in DRC

By: Natasha Odendaal     30th October 2017 TSX-listed Ivanhoe Mines is preparing to rebuild the 34 km of rail track that connects the Kipushi zinc/copper/silver/germanium mine with the Democratic Republic of the Congo’s (DRC’s) national railway at Munama, south of Lubumbashi. Under terms of a memorandum of understanding (MoU) with DRC... 

Ivanhoe confident of expanding Kamoa-Kakula into a top three global copper deposit

By: Natasha Odendaal     11th September 2017 TSX-listed Ivanhoe Mines is confident that the Kamoa-Kakula deposit, ranked the fifth-largest copper deposit in the world, will take one of the top three rankings on the back of the “unprecedented rate of growth” of the high-grade copper resources in the Democratic Republic of Congo (DRC).... 

Ivanhoe plans 'new era of production' for historic DRC mine

By: Natasha Odendaal     6th September 2017 TSX-listed Ivanhoe Mines has entered into discussions to start a “new era of production” at the historic Kipushi zinc-copper-silver-germanium mine, in the Democratic Republic of Congo (DRC), that could deliver one of the highest-grade major zinc mines worldwide. Ivanhoe, which, in conjunction... 

Introduce stringent anti-emission laws – Royal Bafokeng Platinum

By: Martin Creamer     2nd August 2017 The South African government must introduce stringent anti-emission legislation as well as press for the platinum equivalent of the gold Kruger Rand, Royal Bafokeng Platinum CEO Steve Phiri insists. Phiri expressed dismay at the government, as custodian of the world’s major platinum endowment,... 

Ivanhoe appoints two more financiers to find funds for Platreef

By: Samantha Herbst     19th July 2017 Africa-focused platinum-group metals (PGM) miner Ivanhoe Mines has appointed mine-financing institutions KfW IPEX-Bank and the Swedish Export Credit Corporation (SEK) to arrange project financing for the development of the Platreef project in South Africa’s Limpopo province. The German... 

Ivanhoe receives final instalment from Zijin for Kamoa stake

By: Creamer Media Reporter      23rd May 2017 TSX-listed Ivanhoe Mines has received the final installment of $41.2-million owing from a subsidiary of Zijin Mining Group as part of a strategic codevelopment agreement under which Zijin acquired 49.5% of Ivanhoe’s majority stake in Kamoa Holding for $412-million. Kamoa Holding has an indirect... 

Ivanhoe’s Kamoa-Kakula in DRC now holds 1bn-tonne resource

By: Megan van Wyngaardt     17th May 2017 TSX-listed Ivanhoe Mines’ Kakula discovery, at its Kamoa-Kakula copper project, in the Democratic Republic of Congo (DRC), now contains indicated resources of 116-million tonnes at 6.09% copper, plus inferred resources of 12-million tonnes at 4.45% copper, at a 3% cut-off. The new estimate... 

Platinum needs marketing, marketing and more marketing – RBPlat 

By: Martin Creamer     28th February 2017 Embattled platinum needs ongoing marketing, with producers needing to invest in the promotion effort and ensure that the metal does not continue to be demonised by the anti-diesel hype, Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri told investors, unionists, analysts and journalists on... 

Ivanhoe moves to fast-track new Kakula resource estimate, PEA

By: Natasha Odendaal     24th January 2017 TSX-listed Ivanhoe Mines is fast-tracking a new resource estimate and an expanded preliminary economic assessment (PEA) at its Kamoa-Kakula copper project, in the Democratic Republic of Congo (DRC), to examine expanded development options. This followed the latest assay results from another 25... 

Ivanhoe to release Kamoa-Kakula PEA this week

By: Natasha Odendaal     13th December 2016 The preliminary economic assessment (PEA) detailing the initial options available to TSX-listed Ivanhoe Mines to begin its copper mining operations in the Democratic Republic of Congo, is expected to be finalised this week. The independent PEA of the Kakula and Kamoa deposits aims to establish... 

DRC govt gains additional 15% stake in Ivanhoe’s Kamoa–Kakula project

By: Megan van Wyngaardt     18th November 2016 TSX-listed Ivanhoe and its joint venture partner Zijin Mining Group have transferred a further 15% interest in the Kamoa-Kakula copper project to the Democratic Republic of Congo (DRC) government. The government now owns 20% of the project, while Ivanhoe and Zijin each hold an indirect 39.6%... 

Ivanhoe to publish maiden Kakula resource estimate soon

By: Megan van Wyngaardt     7th October 2016 Ivanhoe Mines expects to issue an initial mineral resource estimate for its Kakula discovery, which forms part of the Democratic Republic of Congo-based Kamoa copper project, by next week. The TSX-listed company, led by Lars-Eric Johansson, has been engaging in a 2016 drilling campaign at the... 

Ivanhoe starts supplying power from first of three DRC hydropower plant upgrades

By: Henry Lazenby     14th September 2016 Ivanhoe Mines has started supplying electricity to the Democratic Republic of Congo (DRC) national grid from the first of three hydropower plants it has agreed to upgrade in collaboration with its joint venture (JV) partners. Ongoing upgrading work at the Mwadingusha hydropower plant, financed by... 

Ivanhoe seeks strategic advice following unsolicited interest in its projects

By: Creamer Media Reporter      29th August 2016 TSX-listed Ivanhoe Mines is planning to appoint an investment bank to advise the company’s board on strategic options after having received unsolicited interest in its projects in recent months. “The mining industry has taken notice of our company. Our remarkable Kakula discovery on the Central... 

Kipushi mineral resource estimates exceed expectations – Ivanhoe

By: Megan van Wyngaardt     27th January 2016 A new, independent, mineral resource estimate for Ivanhoe Mines’ joint venture Kipushi mine, in the Democratic Republic of Congo (DRC), has shown measured and indicated mineral resources in the big zinc zone of 10.2-million tonnes. “This has exceeded our expectations and we are convinced that... 

Zijin’s $412m Kamoa investment boosts Ivanhoe’s coffers

By: Mariaan Webb     9th December 2015 China-based Zijin Mining’s $412-million investment in the Kamoa copper project, in the Democratic Republic of Congo (DRC), has given Ivanhoe Mines a significant financial boost to advance its projects in South Africa and the DRC. Canada-based Ivanhoe reported on Tuesday that it had $530-million... 

Drilling confirms high-grade intercepts at Ivanhoe’s DRC project

By: Natalie Greve     13th April 2015 Africa-focused Ivanhoe Mines has reported additional, “exceptionally” high-grade zinc, copper and silver drill intercepts in the fifth batch of assay results from the company's underground diamond drilling programme at the Kipushi copper/zinc/germanium/lead and precious metals mine, in the... 

Platreef PFS underpins ‘excellent’ economics – Ivanhoe

By: Natasha Odendaal     6th February 2015 The prefeasibility study (PFS) of TSX-listed Ivanhoe Mines’ Platreef project demonstrates the robust nature of the latest major new underground, mechanised platinum mine, near Mokopane, in Limpopo, Ivanhoe executive chairperson Robert Friedland stated last month. Ivanhoe aims to develop the... 

Ex PM Blair to hit Mining Indaba high note

By: Martin Creamer     6th November 2014 Former British Prime Minister Tony Blair is to present a keynote address at the 2015 Mining Indaba, the world’s largest mining investment event, which is scheduled to take place in Cape Town from February 9 to 12. The organisers of the yearly Investing in African Mining Indaba announced on... 

Ivanhoe entrusts 26% of Platreef to 20 host communities in BBBEE deal

By: Henry Lazenby     4th September 2014 Africa-focused project developer Ivanhoe Mines, which is planning to build its $1.7-billioin flagship Platreef platinum group elements project in South Africa, on Thursday announced that it had finalised a broad-based black economic-empowerment (BBBEE) deal, giving 20 local communities a 26%... 

DMR grants Ivanhoe Platreef mining right

By: Leandi Kolver     2nd June 2014 South Africa’s Department of Mineral Resources (DMR) has granted a long-term mining right to TSX-listed Ivanhoe Mines for its Platreef project, in Limpopo, the company announced on Monday. Ivanhoe now had the right to mine and process all platinum-group metals (PGMs), nickel, copper, gold and... 

Ivanhoe Mines’ drills start turning at DRC copper/zinc project

By: Henry Lazenby     4th March 2014 Following the successful – despite lengthy and problem beset – process to dewater the Kipushi high-grade copper/zinc project, in the Democratic Republic of Congo (DRC), Africa-focused project promoter Ivanhoe Mines on Monday announced that underground drills had started turning on a campaign to... 

YES SIR, YES SIR, THREE BAGS FULL SIR

By: Martin Creamer     15th February 2013 Ivanhoe chairperson Robert Friedland, above, is prepared to fulfil every aspiration of the South African government as he goes about applying for a mining licence to build a brand new long-life, low-cost mechanised platinum mine in Limpopo, which he says will still be producing when we are all... 

Ivanplats to mine platinum, manufacture in Bushveld 

By: Martin Creamer     6th February 2013 Beneficiation would be the key driver of Ivanplats' proposed new platinum mine in South Africa where platinum-product manufacturing would take place together with mining, Ivanhoe chairperson Robert Friedland said on Wednesday. Ivanplats, which listed in Canada eight months ago, is considering a... 

Company Announcement: Rio Tinto acquires shares in Ivanhoe Mines

30th July 2012 Rio Tinto acquired 133,571,192 common shares under Ivanhoe’s rights offering at a total cost of US$934,998,344 or US$7.00 per share 

Ivanhoe completes $1.8bn rights offering

By: Henry Lazenby     20th July 2012 New York- and Toronto-listed Ivanhoe Mines on Friday said it had successfully completed its $1.8-billion rights offering, which expired on July 19. The rights offering was part of the comprehensive financing plan to continue the development of the Oyu Tolgoi project, and was the subject of a... 

Bellzone appoints Glen Baldwin as CEO

11th June 2012 Aim-listed iron-ore junior Bellzone Mining appointed former Gold Fields executive Glenn Baldwin as its new CEO, from September 3, succeeding Nik Zuks. Baldwin joins the board of Bellzone from Australia’s Consolidated Minerals, where he has held the position of CEO since September 2010, following... 

Ivanhoe Mines files final prospectus for rights offering

By: Henry Lazenby     11th June 2012 New York- and Toronto-listed Ivanhoe Mines on Friday filed its final prospectus for a $1.8-billion rights offering to complete development of its Oyu Tolgoi copper/gold project in Mongolia. The company said the offering was open to all existing shareholders on an equal and proportional basis to... 

Ivanhoe to launch $1.8bn rights offering

By: Henry Lazenby     23rd May 2012 TSX-listed Ivanhoe Mines, which is majority owned by Rio Tinto, said on Wednesday it would launch a rights offering to raise about $1.8-billion. The rights offering to existing shareholders formed part of a funding agreement to enable Ivanhoe to complete construction of the Oyu Tolgoi... 

Ivanhoe appoints new chairperson, reappoints director

By: Henry Lazenby     11th May 2012 TSX-listed Ivanhoe Mines on Friday appointed Dr David Klingner as new chairperson of the board following Rio Tinto’s taking control of the board. 

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