Ivanhoe Mines Ltd. (TSX:IVN) - Executive Chairman & Director, Robert Friedland.
Executive Chairman & Director, Robert Friedland.
Source: Financial Post.
  • Ivanhoe Mines (IVN) has entered a number of strategic discussions regarding its assets in Africa, following a sharp increase in metals prices
  • The prices for palladium, rhodium, gold and nickel have reached record heights in recent months, causing the company to re-evaluate the logistics of its Wester Forelands and Platreef projects.
  • The company has already received expressions of interest from mining companies, wishing to advance exploration at both projects and Ivanhoe also remains in talks with a number of bank and non-bank commercial lenders
  • While investors will be eager to hear the terms of these prospective talks, Ivanhoe does not intend reveal any specifics unless a deal is finalised
  • Ivanhoe Mines (IVN) is up 3.72 per cent and is trading at C$4.42 per share

Ivanhoe Mines (IVN) has entered a number of strategic discussions regarding its assets in Africa, following a sharp increase in metals prices. 

With the prices for palladium, rhodium, gold and nickel reaching record hieghts in recent months, the company is now re-assessing the logistics of the projects.

Further, the company has recently been contacted by a number of interested parties looking to invest or contribute to the projects.

Specifically, Ivanhoe has received expressions of interest from mining companies to advance exploration at its Western Forelands copper project. Ivanhoe is also in discussions with interested parties regarding its Platreef palladium-platinum-nickel-copper-rhodium-gold project.

Alongside these expression of interest, Ivanhoe remains in talks with a number of bank and non-bank commercial lenders.

While investors will be eager to hear the terms of these prospective arrangements, Ivanhoe does not intend reveal any specifics unless a deal is finalised. 

Executive Co-Chairman Robert Friedland commented on the ongoing talks and the company’s strategic review of the assets.

“Not surprisingly in this environment, we have been receiving daily inquiries from companies across the industry and world, from the West as well as China, and from streaming companies and various bank and non-bank lenders, inquiring about investing in these great projects. 

“That level of interest requires that we critically examine these opportunities, which we are now doing,” he said.

The company is currently developing definitive feasibility studies for the Platreef Project and the Kamoa-Kakula Copper Project, alongside an Integrated Development Plan for the proposed mining complex at Kamoa-Kakula.

Once these studies are complete, the company, as well as the interested parties, will have a clearer picture of how the improved metals prices have impacted Ivanhoe’s assets in Africa. 

Ivanhoe Mines (IVN) is up 3.72 per cent and is trading at C$4.42 per share at 12:40pm EDT.

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