From 1924 until 1993, the Prince Leopold (Kipushi) Mine close to D.R. Congo mining capital, Lubumbashi, was the richest copper, zinc, and germanium mine in the world, producing 6.6 million tonnes of zinc, 4 million tonnes of copper, and 278 tonnes of germanium from 60 tonnes of material grading 11% zinc and 7% copper. Kipushi… 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
Lonmin is the biggest gainer on the news out of South Africa, up 11% today. Anglo American, Impala and Ivanhoe all remain flat. Reports today indicate that the long-standing strike between platinum miners and the Association of Mineworkers and Construction Union (AMCU) that has crippled South Africa’s mining industry looks to be coming to an end. According… 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
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
“Our financing is sold out, and the books are closed baby !” Via email to CEO.CA at 8:47am EST today. Sent from my iPhone
(Today’s financing represents a 9% discount to the close and a 25% discount to the last financing) Only a few days after Robert Friedland’s Ivanhoe Mines (IVN:TSX) released their first quarter 2014 report which drew concerns from reporters, investors and analysts, alike about an apparent capital crunch; the company announced today that it has secured a… Continue Reading
As stated in our article yesterday, Ivanhoe Mines is currently (emphasis on currently) under capitalized to move Kamoa and Kipushi forward with major developments until the company secures some sort of financing for them. However, as we stated, these two projects are absolutely world-class and they are controlled by Robert Friedland which means they will be financed in one way or another soon (joint venture, spin-off, equity, strategic investor).… Continue Reading
Robert Friedland’s Ivanhoe Mines (IVN:TSX) could get caught up, if not already, in the mess that is the South African platinum industry today. The company filed their mining right application for the Platreef project in June 2013 and if they do not receive it by the end of this month, all activities at the project will have to… Continue Reading
In a report forwarded to CEO.CA by resource tycoon Robert Friedland, the Colorado based research firm, IHS Inc. says that zinc demand will gain new strength from its use as a micronutrient in agriculture which will help increase crop yields. According to the report, the global population is on trend to exceed 9 billion by… Continue Reading
The junior miner with the best bench strength already has a new head of operations. Robert Friedland’s Ivanhoe Mines Ltd. has appointed senior South African mining executive Mark Farren, 48, as the company’s executive vice-president of operations. Mr. Farren takes charge of the engineering and development activities now underway at Ivanhoe’s three principal projects in… Continue Reading
KZD data by YCharts Yesterday, Kaizen Discovery (KZD:TSXV) announced it has signed a definitive agreement to acquire West Cirque Resources (WCQ:TSXV) in an all stock transaction. West Cirque is a prospect generator with copper porphyry targets in BC. Kaizen is a exploration company which is majority owned by HPX TechCo which is 50% owned by billionaire mine… Continue Reading
Ivanhoe Mines’ Kipushi project in the D.R. Congo was one of the world’s richest copper, zinc, germanium and precious metals mines from 1924 until political instability in the Congo forced the mine’s closure in 1993. Kipushi’s current 68% owner, Robert Friedland’s Ivanhoe Mines, believes the mine was not fully exhausted despite 68 years of operations.… Continue Reading
Robert Friedland’s Ivanhoe Mines (TSX:IVN) announced 2013 year end results and a review of operations this morning in a detailed news release. So far the market is taking the $484.29 million loss in stride as shares in the company are up 1.1% at press time, last at $1.78. Ivanhoe’s estimated net cash at year end… Continue Reading
Ivanhoe Mines published a positive Preliminary Economic Assessment (PEA) for the Platreef project in the Northern Limb of the Bushveld Complex in the South African province of Limpopo. The Platreef mine is projected to be the lowest cost producer of platinum-group metals in Africa, home to over 70% of the world’s production. Key features of the… Continue Reading
