Ivanhoe Mines Mining News

Ivanhoe Mines shares jump as it finds new copper-rich area in Congo

Exploration drilling at the Kamoa North prospect area, which forms part of the company's Kamoa-Kakula mining licence, has defined two new, continuous corridors of shallow and high-grade copper mineralization.

Ivanhoe Mines soars on third major copper discovery in Congo

The find, named Makoko, was the first of multiple high-potential target areas identified by the company’s exploration team to be tested by drilling.

Congo will declare cobalt and other minerals as "strategic" in coming days – mines minister

The government considers minerals with the "strategic" designation important for the economic, social and industrial future of the country.

China's CITIC to be Ivanhoe Mine’s top shareholder in $548m-deal

Transaction, which gives CITIC a 20% stake in the Canadian miner, has received all necessary approvals and it’s expected to close on Sep. 19

DRC miners form new body to fight mining code

The Mining Promotion Initiative's main goal is to engage the government on industry concerns about the country’s new mining code.

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 Mines 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.