Prior to the Ivanplats IPO in 2012, the Wall Street Journal and Bloomberg had both published articles speculating on an offering value of up to a billion dollars (the IPO was eventually completed as a $300-million offering). The company was founded by Robert Friedland, one of the best known mining developers, and had assembled three… Continue Reading
The junior mining industry and those who invest in it have a friend in Ralph Sultan, the MLA for West Vancouver-Capilano. The British Columbia Liberal politician recently sounded the alarm in the provincial Legislative Assembly about the state of the junior exploration industry and the impediments to mine financing. Citing recent examples (Pretium’s Brucejack, Oyu… Continue Reading
Good morning investors, We’ve seen this movie before, but the sequels seem to be popular: Commodities are getting clobbered to start the week as the U.S. dollar surges higher in anticipation of an interest rate hike. Copper – down 1.4% to $2.06/lb (down more than 20% YTD) Nickel – down 4.8% to $3.76/lb (down more… Continue Reading
NovaCopper (NCQ-T) Alaska copper-zinc developer NovaCopper has more rich intercepts to add to the resource at its Arctic deposit in Alaska’s Ambler mining district. The 14-hole diamond drill program, which yielded 3,056 metres of core, was designed to test the continuity of mineralization as well as upgrade resources from inferred to measured and indicated categories… Continue Reading
Erdene Resource Development Price: 0.15 Market capitalization: $14.5 million Peter Akerley, the CEO of Erdene Resource Development (ERD-T), first set foot in Mongolia 18 years ago. At the time, few westerners had. The geologist, then 33, was working for a group that included a Barrick Gold joint venture and had managed to lock up 4… Continue Reading
“Anybody who says that the super-cycle is over is an idiot, it’s just been deferred for a little bit”, mining tycoon Robert Friedland told a packed audience in London last week. I was there for the 12th annual Mines and Money show. And if you’re in the mining business and haven’t been to London lately, the Mines… Continue Reading
I just bought my first ever Australian listed stock. It’s a small speculative position that I initiated because I think the technology/mining/water play is just getting going, and has some great people involved. The company is Clean TeQ Holdings (ASX:CLQ), and it has a roughly $20 million market capitalization. Clean Teq is a technology business… Continue Reading
Today we share some real estate porn via Tiburon, California speculator and writer Thom Calandra’s Facebook page. Surely there’s a tech founder in the Bay Area who wants to own this truly spectacular $49 million pad that belongs to mining tycoon Robert Friedland, Executive Chairman of Ivanhoe Mines – TSX:IVN (I own shares). Mr. Friedland… Continue Reading
After the Toronto Stock Exchange rang the closing bell today, Ivanhoe Mines (IVN.TSX) announced they were resuming development work on Platreef, their 75.7 million ounce (Indicated + Inferred) platinum-gold-nickel-copper project in South Africa. The company says it has sent out formal notifications to provincial authorities and landowners to return to work. They have begun moving the required plant and… Continue Reading
Robert Friedland’s Ivanhoe Mines (IVN:TSX) and the Department of Mineral Resources (DMR) in South Africa jointly announced today that the mining right for the development and operation of the Platreef project has been finalized and work can resume immediately. Work at Platreef, which will be one of the world’s largest platinum mines, had been delayed since May… Continue Reading
The Sydney Morning Herald (subscribe here) has a great summary article about a recent speech the one and only billionaire entrepreneur Robert Friedland gave to an undoubtedly packed audience in Melbourne. We had the opportunity to watch Mr. Friedland in action at this year’s Sprott Symposium in Vancouver and he lives up to his persona… Continue Reading
After investing $25 million in the latest $1.50 financing, Ivanhoe Mines’ (IVN:TSX) founder and Executive Chairman Robert Friedland now controls 23.8% of the company or 167,133,422 shares (and another 19,166,667 warrants). Today, Ivanhoe announced that the Singapore-based billionaire, Friedland, 61, exercised his overallotment right as part of the financing which enabled him to acquire an additional 2.5 million units at a… Continue Reading
Robert Friedland’s Ivanhoe Mines (IVN:TSX) which has come under pressure recently due to capital concerns and a South African platinum industry that is in severe turmoil, has relieved some pressure today by announcing the closing of their bought-deal financing, exercise of the full greenshoe and closing of a concurrent $25 million private placement with their Executive Chairman.… Continue Reading
One of the clear up and comers from Robert Friedland’s camp of natural resource developers, Matthew Hornor, CEO of Kaizen Discovery, was interviewed in a quite positive Global Mining Observer story earlier this week. Here’s the link: EXCLUSIVE: Inside Friedland’s Exploration Unit Mr. Hornor’s Kaizen Discovery (TSXV:KZD) has HPX TechCo (Robert Friedland) and ITOCHU Corporation of Japan as… Continue Reading
There was some concern among investors in Ivanhoe Mines, myself included, that a critical Mining Right Permit for the company’s Platreef platinum deposit in South Africa would be delayed. May 31, 2014 was the looming date by which either the Permit had to be received or all work on the project, such as the ongoing sinking… Continue Reading
