Ivanhoe Mines Mining News

Congo's miners face harsh new reality as mining law finalized

After six months of lobbying, companies including Glencore and Randgold Resources have got nowhere in their battle to push back against a new mining law that voids existing agreements and increases their costs.

China's CITIC grabs stake in Ivanhoe Mine for $560 million

CITIC Metal will own 20% of the Canadian miner, which makes its biggest shareholder.

Congo mining regulations to be signed into law on Friday — mines minister

Congo's prime minister wants to immediately implement the new mining code without any concessions to industry demands that key provisions be amended.

DRC miners hopeful new code issues can be resolved

They said they expected authorities to realize the sliding scale they propose would be a more effective mechanism for the government to share in higher commodity prices than the windfall tax and strategic minerals scheme included in the new code.

Miners ask Congo to introduce sliding royalty scale

The proposal, signed by companies responsible for 85% of the DRC's copper, cobalt and gold output, suggest that sliding royalties will give the government a higher share of revenues.

Cobalt consumers main victims of Congo’s new mining code — analysts

A new mining code in the cobalt-rich Congo will lead to higher costs for consumers of the battery metal at a time automakers are expanding production of electric vehicles, experts say.

Ivanhoe boss said he’d pay higher taxes in Congo if it benefits locals

Robert Friedland, founder and executive chairman of Ivanhoe Mines, said he would be happy to pay higher taxes if there is stability in Congo's rules and transparency in the accounting of those royalties.

Congo’s Gecamines to rework contracts with foreign partners

Some of the company’s international mining partners include major names such as Glencore, China Molybdenum and Ivanhoe.

Congo just gave the cobalt price another big boost

DRC stuns miners with immediate lifting of 10-year exemption for licensees, 50% tax on 'super-profits' and code permitting 5-fold increase in cobalt royalty.

Congo shocker fells Ivanhoe Mines stock

Vancouver-based company headed by billionaire mining financier Robert Friedland loses 11% of its value after DRC stuns with new mining code.

Why Robert Friedland is bullish on copper

The engine that drives his confidence comes in the form of electric vehicles.

Electric cars market threatened by potential cobalt tax hike in Congo

The nation, responsible for about two thirds of global output, plans to increase tax on cobalt to 5% from 2%.

Congo’s Gécamines urges Gov’t to revise 16-year-old mining code

The World Bank-supported mining legislation was introduced to attract investment into copper and cobalt projects from global miners including Glencore Plc, Freeport-McMoRan Inc. and China Molybdenum Co. Gécamines claims country has not benefited from it.

Gold price bull Marc Faber booted from boards for racist remarks

But ex-Sprott, Ivanhoe, Novagold board member stands by comments: “If stating some historical facts makes me a racist, then I suppose that I am a racist.”

Congo's Gecamines to set new rules on mining proceeds

New controls aims at holding the company's partners, including Glencore, China Molybdenum and Ivanhoe, accountable in copper and cobalt projects

Friedland confident Congo copper project will be bigger than Grasberg

Ivanhoe boss transforms what could have been a set of exciting drill results into 43 holes of “global significance in the copper world”.

South African judge clears path for Ivanhoe Mines’ Platreef mine development

Judge revoked an interim order that prevented the company from relocating graves present at its Platreef platinum group metals mine, in Limpopo Province.

The world's 10 largest copper mining projects

INTERACTIVE MAP: Together reserves at the global top 10 copper mining projects are worth more than $360 billion.

Ivanhoe Mines announces significant progress in upgrading the Kipushi zinc-copper mine in the DRC

"We are working hard to have the mine ready to restart production": Robert Friedland

Ivanhoe Mines condemns promotion of false and dishonest claims by Mining Watch Canada

The Canadian miner strongly refutes accusations of human rights abuses and illegal operations at its South African project made by the NGO.

Ivanhoe Mines, Laurentian University and University of Limpopo forge educational partnership

A principal goal of the five-year partnership, which is renewable for a further five years, is to develop and equip the University of Limpopo’s geology department to become a centre of excellence in geosciences.

Congo’s Gecamines sells copper assets to Chinese for $52 million

The deal increases Chinese miners presence in Congo, which is Africa’s top copper producer and the world’s largest producer of cobalt.

Zijin goes after Aussie gold miner in overseas buying spree

The Chinese firm already mines gold next door to a Phoenix deposit.

Congo mulls suspending Ivanhoe's Kamoa stake sale to Zijin

It also plans to review the legal status of the joint venture, while it negotiates with Ivanhoe to raise its stake to 20% from the current 5% it holds.

China’s Zijin inks deals with two Canadian firms on the same day

Perhaps the most important aspect of today’s agreements is the fact that both aim to form long-term strategic partnerships to collaborate on further ventures, opening new markets for all the firms involved.