Ivanhoe Mines (TSX:IVN)

[Tommy]

$IVP.TO - $IVPAF - Development of Ivanplats' Kamoa copper discovery not affected by reported DRC decree banning exports of copper concentrate

http://www.ivanplats.com/s/NewsReleases.asp?ReportID=581234&_Type=News-Releases&_Title=Development-of-Ivanplats-Kamoa-copper-discovery-not-affected-by-reported-DR...

... "Investors should note the following relevant considerations, as previously reported by Ivanplats in its Kamoa Technical Report and other disclosure documents filed on the SEDAR website at www.sedar.com:

– Ivanplats' Kamoa Project is approximately three years away from its planned initial production of copper concentrate.
– Ivanplats' development plans always have included what would become the DRC's first smelter, which would produce an upgraded product other than concentrate, plus sulphuric acid that is required by the domestic Congolese copper industry to process oxide copper concentrate.
– The DRC's mining code presently permits the export of concentrate if the export can be shown to be beneficial to the DRC and also with the payment of applicable taxes to the DRC government." ...