Updated independently verified Indicated Mineral Resource again increases the Kamoa Copper Discovery to 256 million tonnes grading 4.15% copper, at a 3% cut-off
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - February 5, 2020) - Robert Friedland and Yufeng &
2020-02-05 1:00 AM EST
Ivanhoe Mines: Surging Palladium and Rhodium Prices Propel Platreef's 'Metals-Price Basket' to a New High
Mokopane, South Africa--(Newsfile Corp. - January 14, 2020) - Ivanhoe Mines' (TSX: IVN) (OTCQX: IVPAF) Co-Chairmen Robert Friedland and Yufeng "Miles" Sun announced today that the company's South African subsidiary, Ivanplats, is fast-tracking a feasibility study on a smaller-scale, early-stage development plan using Shaft 1 as a production shaft at its Platreef palladium, pl
2020-01-14 7:26 AM EST
Ivanhoe Mines' Senior Management Meet with Top DRC Government Officials to Provide Updates on Development Progress at the Kamoa-Kakula and Kipushi Projects
Kinshasa, Democratic Republic of Congo--(Newsfile Corp. - November 25, 2019) - Robert Friedland and Yufeng "Miles" Sun, Co-Chairmen of Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF), announced today that senior members of Ivanhoe Mines' management team met with high-ranking government officials in Kinshasa to congratulate them on their recent appointments and to provide updates on the development progress at Ivanhoe's Kamoa-Kakula and Kipushi joint-venture mining projects. The Ivanhoe team met with...
2019-11-25 7:25 AM EST
Ivanhoe Mines Issues Third Quarter Financial Results and Review of Mine Development and Exploration Activities
Ivanhoe and Zijin Mining have made excellent progress developing the Kakula Copper Mine in D.R. Congo, with initial production on track for Q3 2021 Capacity of Kakula's processing plant modules increased by 26%, from 3.0 Mtpa to 3.8 Mtpa each, significantly boosting projected early-stage copper production Additional mining crews to be added at Kakula to increase pre-production ore stockpile and to position the mine to accelerate expansion of the second phase of development Kakula's initial...
2019-11-08 12:01 AM EST
Joint Statement - Ivanhoe Mines and Ivanhoe Capital address information shortcomings in Financial Times article focused on the Kamoa-Kakula Project in the DRC
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2019) - A story in the London-based Financial Times, headlined "Robert Friedland, China and the rush for copper in the DRC" and initially published online October 28, 2019, contained factual errors and omitted pertinent information that could be misleading or convey incorrect and incomplete impressions to readers. The story focused on the Kamoa-Kakula copper project in the Democratic Republic of Congo. Ivanhoe Mines and Ivanhoe...
2019-11-04 4:45 PM EST
Palladium prices hit an all-time high of US$1,781 an ounce, propelling Ivanhoe's Platreef Project 'metals-price basket' to a new, multi-year high; Mine development progressing at Ivanhoe's Tier One palladium-platinum-nickel-copper-gold-rhodium mine development project in South Africa
Mokopane, South Africa--(Newsfile Corp. - October 17, 2019) - Ivanhoe Mines' (TSX: IVN) (OTCQX: IVPAF) Co-Chairmen Robert Friedland and Yufeng "Miles" Sun announced today that the spot price of palladium has reached another all-time high of US$1,781 an ounce. Recent increases in the price of palladium, nickel, rhodium and gold has resulted in the weighted price of the 'basket' of metals contained in the ore at the Platreef palladium-platinum-rhodium-nickel-copper-gold project to rise to a...
2019-10-17 6:45 AM EDT
Ivanhoe's Mark Farren appointed Chief Executive Officer of the Kamoa-Kakula Copper Joint Venture
Ivanhoe and Zijin install a stand-alone executive team to take Kamoa-Kakula to commercial production Louis Watum, Ivanhoe's DRC country manager, appointed President of the Board of Directors of Kamoa Copper SA and expands his role Senior Zijin Chief Operating Officer and three Congolese nationals strengthen Kamoa-Kakula's senior management team to help ensure a successful start-up of commercial production at the Kakula Copper Mine Mining veteran Warwick Morley-Jepson appointed as Ivanhoe's...
2019-10-08 6:57 AM EDT
Ivanhoe Mines Reports Fatality at the Kamoa-Kakula Project
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - September 24, 2019) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) deeply regrets to report that a fatal accident involving a contractor's employee occurred today at the Kamoa-Kakula Copper Project in the Democratic Republic of Congo (DRC). The accident involved a civil contractor at a surface cement batching plant. The Kamoa-Kakula senior management team is working with the DRC authorities to facilitate their investigation of the accident....
2019-09-24 12:23 PM EDT
Ivanhoe Mines: Kakula Underground Mine Development Has Reached the Edge of the High-Grade Ore as Mining Advances Toward Zones in Excess of 8% Copper
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - September 8, 2019) - Robert Friedland and Yufeng "Miles" Sun, Co-Chairmen of Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) are pleased to report that underground development at the Kakula Copper Mine now has reached the high-grade ore within the deposit. The advancement of the first connecting underground drift, designed to tunnel through the centre of the high-grade orebody and open up the mine's ini
2019-09-08 10:00 PM EDT
Drilling Intersects the Highest-Grade Intersection Ever Drilled at Ivanhoe Mines' Kamoa-Kakula Project, with an Estimated Grade of 18.0% Copper Over 18.86 metres, at a 2% Cut Off
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - August 18, 2019) - Robert Friedland and Yufeng "Miles" Sun, Co-Chairmen of Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF), announced today that drilling in the central part of the Kamoa North Bonanza Zone has returned another visually spectacular intersection of thick, ultra-high-grade copper mineralization. While assays for the hole (DD1571) are pending, Niton (X-ray fluorescence or XRF) analysis on core from the hole returned copper grades...
2019-08-18 11:00 PM EDT
Ivanhoe Mines Completes Strategic Equity Investment of C$612 Million (US$459 million) from China-Based CITIC Metal
Beijing, China--(Newsfile Corp. - August 16, 2019) - Robert Friedland and Yufeng "Miles" Sun, Co-Chairmen of Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF), today announced the completion of the second major strategic equity investment totalling C$612 million (approximately US$459 million) in Ivanhoe Mines by CITIC Metal Africa Investments Limited (CITIC Metal Africa), a direct subsidiary of CITIC Metal Co., Ltd. (CITIC Metal), one of China's leading international resources companies. The investment...
2019-08-16 7:30 AM EDT
Ivanhoe Mines Issues Second Quarter Financial Results and Review of Mine Development and Exploration Activities
CITIC Metal and Zijin Mining to invest an additional C$679 million (US$515 million) in Ivanhoe Mines on August 16, 2019, positioning Ivanhoe to fully finance its share of capital costs to bring the Kakula Copper Mine in D.R. Congo to commercial production Drilling expands the new Kamoa North Bonanza Zone to at least 550 metres, with an implied strike length of 2.7 kilometres of shallow, thick, massive sulphide mineralization, with copper grades up to 18.48% over 13.6 metres New Kamoa Far...
2019-08-08 7:30 AM EDT
Ivanhoe Mines Comments on Share Price
Vancouver, British Columbia--(Newsfile Corp. - August 7, 2019) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced today that the company is not aware of any company-specific reason that might be contributing to the recent decline in the company's share price. CITIC Metal Africa Investments Limited's (CITIC Metal Africa) C$612 million ($464 million) second equity investment in Ivanhoe Mines is scheduled to close on August 16, 2019. The private placement transaction at a p
2019-08-07 2:54 PM EDT
CITIC Metal's C$612 Million (US$465 Million) Second Equity Investment in Ivanhoe Mines to Close August 16, 2019. Additional C$67 Million (US$51 Million) to Be Received Concurrently from Zijin Mining
Beijing, China--(Newsfile Corp. - July 30, 2019) - Robert Friedland and Yufeng "Miles" Sun, Co-Chairmen of Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF), announced today that the private placement transaction with CITIC Metal Africa Investments Limited (CITIC Metal Africa), a direct subsidiary of CITIC Metal Co., Ltd. (CITIC Metal), announced on April 25, 2019, now has received all necessary recordals and registration with Chinese government regulatory agencies and the transaction is scheduled to...
2019-07-30 8:30 AM EDT
Ivanhoe Mines: Drilling Extends Strike Length of the Shallow, Thick Copper Discovery at the Kamoa North Bonanza Zone to at Least 550 Metres, With an Implied Strike Length of at Least 2.7 Kilometres
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - July 29, 2019) - Robert Friedland and Yufeng "Miles" Sun, Co-Chairmen of Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF), announced today that the strike length of the shallow, thick, massive copper sulphide mineralization at the Kamoa North Bonanza Zone that was discovered earlier this year in drill hole DD1450 (13.05% copper over 22.3 metres (true thickness), at a 2% copper cut-off grade) on the Kamoa-Kakula mining licence in the Democratic...
2019-07-29 8:26 AM EDT
Ivanhoe Mines Announces Results of Voting for the Election of Directors
Vancouver, British Columbia--(Newsfile Corp. - June 28, 2019) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced the results of voting by shareholders for the election of the Board of Directors during the company's Annual and Special Meeting held earlier today. The nominees listed in the management proxy circular dated May 16, 2019, were elected as directors, as shown in the following table of results. Director nomineeOutcome
2019-06-28 1:31 PM EDT
CITIC Metal receives internal approvals necessary to complete its C$612 million investment in Ivanhoe Mines
Zijin Mining’s exercise of its anti-dilution rights will generate an additional C$67 million Funds will be used by Ivanhoe to fully finance its share of capital costs to bring the Kakula Mine into commercial production Beijing, China – Robert Friedland and Yufeng “Miles” Sun, Co-Chairmen of Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF), announced today that CITIC Metal Co., Ltd. (CITIC Metal), has confirmed to Ivanhoe that it has received its internal approvals necessary for its subsidiary CITIC...
2019-06-25 7:30 AM EDT
Construction of Permanent Highway Linking the Kamoa-Kakula Copper Project to Kolwezi Airport Approximately 25% Complete
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - June 24, 2019) - Robert Friedland and Yufeng "Miles" Sun, Co-Chairmen of Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF), announced today that with the onset of the dry season in the Democratic Republic of Congo (DRC), construction of the new highway directly linking the Kamoa-Kakula Copper Project to the Kolwezi airport, located southeast of the city of Kolwezi, is progressing rapidly. The new 34-kilometre, east-west road is approximately 25%...
2019-06-24 7:30 AM EDT
Ivanhoe Mines corrects factually inaccurate statement made by Reuters
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2019) - An article published online today by Reuters headlined "Congo deploys army to protect China Moly's copper mine from illegal miners" contains an inaccurate statement about Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) that could have been avoided had reporter Aaron Ross fact-checked the story with the company before it was published. Contrary to what was reported in the story, Ivanhoe Mines has not made any statements about illegal...
2019-06-19 4:48 PM EDT
Ivanhoe Updates Kakula Copper Mine Construction Progress
Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - June 17, 2019) - Robert Friedland and Yufeng "Miles" Sun, Co-Chairmen of Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF), announced today that excellent progress is being made in the construction of the Kakula Copper Mine - the stage one, six-million-tonne-per-annum (6 Mtpa) operati
2019-06-17 7:14 AM EDT