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Sunday, September 11, 2016 10:37:37 AM
I had assumed Kakula was part of the kamoa project, but that is unclear. Separate discovery, separate asset more likely?
https://www.ivanhoemines.com/assets/docs/nr/ivn-closing-news-release-dec-8-2015.pdf Importantly the agreement speaks to developing that mine, and that identified resource. I am sure Kamoa Holding Limiited agreements defines very specific rights, as discoverer's partnering with cash cow uncles is common in the mining industry.
Does the agreement says they are partnered for any and every other deposit discovered in the Congo, I cannot imagine it would. Seems that Zijin invested in something very specific in the pdf file above.
But this is an open question the company can clarify. Friedland knows the ins and outs better than anybody. Several pr's say Kakula is part of the Kamoa discovey, but there may be marketing reasons for this language. Who knows except Ivanhoe? The announcement below says interest from a concern in Asia, would be be Zijin?
August 29th, 2016
Ivanhoe Mines seeks strategic advice in response
to unsolicited interest in its projects
VANCOUVER, CANADA – Ivanhoe Mines (TSX: IVN) announced today that its board of directors has authorized the company to seek strategic advice at the project and corporate levels to help address unsolicited interest that the company and its projects have received in recent months.
Executive Chairman Robert Friedland said, “The mining industry has taken notice of our company. Our remarkable Kakula Discovery on the Central African Copperbelt certainly is helping to generate attention. We have received a number of unsolicited inquiries from significant mining industry participants in Asia, Europe, Africa and elsewhere. In response, our board has taken the prudent decision to seek strategic advice.”
Mr. Friedland said it’s expected that an investment bank will be retained, whose mandate will be to examine and advise the board on all strategic options and alternatives available to the company.
The company also has commenced investor and banking analyst tours of its projects, including the Kakula Discovery. Ivanhoe Mines’ Chief Executive Officer Lars-Eric Johansson said it is important for analysts and investors to gain a first-hand understanding of the progress and potential of our project offering and to see the scale of the Kakula Discovery. “Following this, we can obtain strategic advice and make informed decisions that benefit our shareholders and the other governmental, community and local stakeholders in our projects.”
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