Ivanhoe Mines Ltd (IVPAF)

[JB3729]

The following may, or may not, have been responsible for Friday's price action, during which, 247,870 shares of IVN.TO were sold at the bid at 16:00:00 (the close).

September 10, 2016 — 6:54 AM CDT

The Democratic Republic of Congo’s border with Zambia, the main export route for the country’s copper, re-opened this morning after a 24-hour shutdown prompted by clashes between residents and security forces.

“Trucks have started to cross the border again this morning,” Eric Monga, a spokesman for the Chamber of Mines in the southeastern Haut Katanga province, said by phone on Saturday.
http://www.bloomberg.com/news/articles/2016-09-10/congo-s-copper-export-route-re-opened-after-24-hour-shutdown

Ivanhoe plans to ship by rail, not truck -

The Kipushi Station and connecting rail line from Kipushi to Manama, and through to the Zambian border at Ndola, are owned and operated by La Société Nationale des Chemins de Fer du Congo (SNCC).

The proposed export route is to utilize the SNCC network from Kipushi to Ndola, connecting to the North-South Rail Corridor from Ndola to Durban. The Kipushi to Manama branch line will require a significant refurbishment over 30 kilometres (the required capital is expected to be repaid through the estimated transport cost of $250 per tonne). The North-South Rail Corridor from Sakania to Durban via Zimbabwe is fully operational and has a capacity of 5 Mtpa. Ivanhoe Mines is working with Grindrod Limited, of South Africa, a leading and experienced freight services, shipping and financial services logistics operator in Southern Africa, to advance discussions with SNCC regarding the concession from Kipushi to Manama.


A phased logistics solution is proposed in the Kamoa 2016 PFS. Initially the corridor between southern DRC and Durban in South Africa is viewed as the most attractive and reliable export route. As soon as the railroad between Kolwezi and Dilolo, a town near the DRC-Angolan border, is rehabilitated, Kamoa’s production is expected to be transported by rail to the port of Lobito in Angola.