“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
“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
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
This post originally appeared in South China Morning Post. Three years ago, Robert Friedland, executive chairman and founder of Ivanhoe Mines, told the Hong Kong Mines and Money conference: “Hong Kong will become the largest mining finance market in the world.” Four years on this clearly hasn’t happened, which has led some to wonder if it… 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
Ivanhoe Mines’ Platreef project in northern South Africa, one of the richest and largest platinum ore bodies every discovered, may be getting a lot bigger. Exploration drilling at the Ga-Madiba target, several kilometres to the South East of the Platreef Indicated Resource, turned up 48.6 meters of 4.63 grams per ton platinum, palladium and gold,… Continue Reading
Robert Friedland’s Ivanhoe Mines has commenced drilling underground at the historic Kipushi Mine in the D.R. Congo some 1225 meters below surface and less than 1 kilometer from the Zambia border. Kipushi was one of the world’s richest copper, zinc, germanium and precious metals mines from 1924 until 1993; it was flooded in 2011. Ivanhoe… Continue Reading
Robert Friedland’s Ivanhoe Mines has just shared a photo album documenting progression at the company’s three Africa projects: · The Kamoa copper discovery in a previously unknown extension of the Central African Copperbelt in the DRC’s Province of Katanga. · The Platreef Discovery of platinum-group elements, nickel, copper and gold on the Northern Limb of… Continue Reading
SIGN UP FOR CEO.CA’S FREE LIST | MORE PHOTOS | DISCLAIMER The reality distortion field, made famous by Steve Jobs’ biographer Walter Isaacson, is a personal intensity and vision so powerful it bends people to your will, convincing them of a project’s higher purpose. Isaacson describes this capacity for influence as a notorious trait of Steve Jobs,… Continue Reading
I joined CNBC Africa during the Mining Indaba convention last week in Cape Town, South Africa. Interviewer Svetlana Doneva and I discussed Canada’s leading role in mineral and energy exploration and development on that continent, which I credited to our intellectual property and technology, as well as the Canadian style of entrepreneurship, which lends itself… Continue Reading
We think the risk/reward proposition for buyers of Ivanhoe Mines (TSX:IVN) is quite attractive from current levels (below 1.70). From a Technical Analysis perspective, the multi-month falling wedge has dropped into the 1.50-1.70 support zone. Volume has also dried up which we like to see before a big bounce – $2.00 is a reasonable short… Continue Reading
The Matthew Hornor led Kaizen Discovery (KZD:TSXV), which is over 40%-owned by legendary resource developer Robert Friedland, has secured a $5.1 million strategic investment from ITOCHU Corp. of Japan. Matthew Hornor has deep connections in Japan and was instrumental in securing Ivanhoe Mines’ (IVN:TSX) $300 million investment by a Japanese consortium for their Platreef platinum project… Continue Reading