Judge revoked an interim order that prevented the company from relocating graves present at its Platreef platinum group metals mine, in Limpopo Province.
Robert Friedland Mining News
Article implies that the company engaged in illicit practices to obtain the necessary permits for its Platreef mine in South Africa.
Locals were protesting the imminent construction of Platreef platinum mine.
The miner has hit exceptionally high-grade silver, zinc and copper at its Kipushi mine in the DRC.
South Africa’s Department of Mineral Resources has finally approved the miner's Platreef platinum project.
It has given 20% to 20 local groups, 3% to black entrepreneurs and managerial employees, and another 3% to historically disadvantaged South African staff.
The strategic review will focus on the potential introduction of third-party strategic investors or joint-venture parties for the Kamoa and Kipushi copper projects in the DRC.
The Kamoa and Kipushi projects make up 83% of the Ivanhoe's net asset value.
In other words, he hopes to create a “Platinum Valley.”
The proceeds of the offering will push forward the Kamoa copper discovery and the Kipushi zinc-copper-lead-germanium-precious metals project
Africa-focused Canadian miner Ivanplats Ltd, founded by billionaire Robert Friedland, raised over Cdn$300 million ($305 million) in its initial public offering in Toronto on Tuesday, after selling shares at $4.75 each, on the lower end of the marketed range.
Robert Friedland has a past ripe with outrageous and spectacular claims. Friedland is worth over $2 billion and has had some interesting (mis)adventures: He was arrested at age 19 for selling 8,000 tablets to an […]