Robert Friedland was inducted into the Canadian Mining Hall of Fame earlier this month, and this morning`s news out of Ivanhoe Mines (IVN) offered another demonstration why he belongs there. Ivanhoe announced a major new copper discovery, Kakula, about 5 kilometres west of its existing Kamoa resource in the Democratic Republic of Congo. Kamoa is… Continue Reading
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
Published by Robert Friedland and Peter Meredith on behalf of Ivanhoe Capital. Ed Flood, an entrepreneurial geologist, with a flair for investment management, was a vital asset in critical decision making throughout the founding, operational establishment and ultimate exploration success – spanning 17 years of triumph and tribulation – that came to distinguish the original… Continue Reading
Ivanhoe Mines’ deal to sell a stake in its Kamoa copper project to China’s Zijin Mining has received the green light from the Democratic Republic of Congo, which had earlier objected to the sale. The agreement sees Zijin Mining pay US$412 million to acquire 49.5% of the shares of Kamoa Holding Limited, which owns 95%… Continue Reading
The Sprott Stansberry Natural Resources Symposium is underway at the Fairmont Hotel in Vancouver. This is an excellent gathering for 50-60 junior resource companies that do business with Sprott, a world leader in natural resources investing, as well as roughly 750 retail and professional investors from around the Globe who follow the Sprott and Stansberry… Continue Reading
Ivanhoe Mines and China’s Zijin Mining Group sign landmark agreement to co-develop the world-scale Kamoa copper discovery in the Democratic Republic of Congo Zijin to acquire 49.5% of Ivanhoe’s Kamoa stake for a total cash consideration of US$412 million Zijin holds option to acquire an additional 1% share upon successfully arranging project financing for 65%… Continue Reading
Ivanhoe Mines (IVN.TO) shares are up 18.8% today, last at C$1.01 at press time, and up over 35% in the past few weeks. Over @ chat.ceo.ca, we’re speculating either Executive Chairman Robert Friedland is marketing the story to new investors somewhere, or possibly there’s an event relating to a strategic review process currently underway of… Continue Reading
Billionaire mine developer Robert Friedland has said that real wealth in the mining sector is created by finding something. Friedland would know this, having driven 5+ world-class mining discoveries in his career. He knows that to find a mine you have to spend a lot of money, and drill a lot of holes. Another secret… Continue Reading
Shares in African mine developer Ivanhoe Mines reached a new all time low of $0.68 Monday morning, hovering around $0.71 at press time. The company’s shares have fallen roughly 40% in a week, which prompted to me ask the company’s founder, largest shareholder and Executive Chairman, Mr. Robert Friedland, for an explanation as to the… 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
Mining legend Robert Friedland and his protege Matthew Hornor’s Kaizen Discovery (KZD:TSXV) continues to be one of the few extremely active junior resource companies. This morning Kaizen announced the sale of a non-core project and the preliminary exploration results from their newly acquired Coppermine project in Nunavut, Canada. The results, although early-stage, are very promising. In rock chip… 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
There has been a lot of discussion from both Ivanhoe Mines (IVN:TSX) and the investing community about what the best course of action is for the company given the fact they have three world-class assets in their portfolio but are only getting valued as if they had one (if that). This morning, Ivanhoe announced that they have formally… Continue Reading
