Ivanhoe Mines Ltd.

Mining

Ivanhoe Mines Ltd is a mining company with a significant focus on exploring and developing mineral properties.

It explores copper, nickel, gold, germanium, platinum, palladium, zinc, silver, lead and rhodium deposits.

The company is focused on three joint-venture projects in South Africa; Kipushi mine (zinc-copper-germanium-silver) and Kamoa-Kakula copper mines in the Democratic Republic of Congo (DRC); and Platreef project (platinum-palladium-copper -gold-nickel) in South Africa.

American-Canadian billionaire Robert Friedland founded the company in 1993 to pursue mineral interests in Africa.

The company’s stocks trade on the Toronto Stock Exchange under the symbol ‘IVN’.

Platreef Project

The company has 64 per cent interest in the property through its subsidiary Ivanplats. South African beneficiaries has a 26 per cent interest, and the remaining 10 per cent is owned by a Japanese Consortium led by ITOCHU Corporation. The Platreef project focuses on nickel, copper, gold, palladium, rhodium deposits in South Africa. The company aims to develop the mine in three stages and eventually achieve a steady-state production level of 12 mtpa.

Kamoa-Kakula

The high-grade copper mine is a joint venture, where Ivanhoe Mines holds 39.6 per cent interest. The underground mine is located in Kolwezi District of Lulaba in DRC. Recently on May 25, 2021, initial production commenced at the processing plant at Kakula mine. Through multi-stage development, the Kamoa-Kakula mine is reportedly projected to be the second-largest copper producer in future. The company says the mine will be powered by hydroelectricity and aims to have favourable environmental footprints. Crystal River Global Limited, Government of DRC, and Zijin Mining Group hold remaining stake.

Kipushi

It is located in Haut-Katanga province, DRC, and is adjacent to Kipushi town. The company has 68 per cent interest while Gécamines owns 32 per cent. It is an underground mine that has high-grade zinc-copper deposits in the Central African Copperbelt. It reportedly has lead and germanium reserves.

Western Foreland Project

Located close to Kamoa-Kakula project, the company owns a 100 per cent exploration license in the Western Foreland region in DRC, where the company discovered high-grade copper deposits. The Makoko Copper Discovery is spread in approximately 2,550 square kilometres, with the initial discovery hole first hole DD004 drilled in September 2017. The copper discovery, said to be Ivanhoes’ third major exploration, is similar to Kamoa and Kakula deposits.

The company claimed to have set up an isolation facility at Kamoa site. In addition, as an upgrade of its COVID-19 response plan, it allowed the Kamoa-Kakula employees to return to commuting from neighboring areas.

It is also listed on OTCQX under the quote 'IVPAF'.

Contact Information

company address 654-999 Canada Place Vancouver, BC Canada V6C3E1

company phone1-604-688-6630

company email[email protected]

company websitehttps://www.ivanhoemines.com

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