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CITIC Limited has completed due diligence and has received approvals to complete the long-term, strategic cooperation and investment agreement with Ivanhoe Mines.
Robert Friedland, executive chairman of Ivanhoe Mines, and Lars-Eric Johansson, CFO, have announced that CITIC Metal, a wholly-owned subsidiary of CITIC Limited, has agreed to make a major investment acquiring a significant 19.9% stake in Ivanhoe Mines.
In line with its vision of building a substantial copper-cobalt company in Central Africa, ASX-listed exploration and development company Nzuri Copper is fast-tracking the development of its flagship Kalongwe copper-cobalt project in the DRC.
Global engineering services company Stantec is looking to grow its mining business on the African continent on the back of internationally recognised skill sets which have seen its footprint and track record expand across continents.
Power failures at underground mines – which over the years have resulted from factors ranging from lightning strikes to load shedding – pose significant safety risks.
A legal and technical team representing major mining companies operating in the Democratic Republic of Congo (DRC) has arrived in Kinshasa for engagement with the government on its new mining code. These companies include Randgold Resources, AngloGold Ashanti, Glencore PLC, Ivanhoe Mines, Gold Mountain International/Zijin Mining Group, MMG and China Molybdenum Co. This follows the meeting on 7 March 2018 […]
Robert Friedland, executive chairman and founder of TSX-listed Ivanhoe Mines, and Lars-Eric Johansson, CEO, have announced the strengthening of the company’s senior management team with the appointment of Egizio Bianchini as Ivanhoe’s executive vice chairman. BMO Capital Markets has announced Bianchini’s forthcoming retirement as vice chairman and co-head of its Global Metals & Mining Group after 29 years with the organization. […]
Robert Friedland, executive chairman of TSX-listed Ivanhoe Mines plans to directly address potential changes that have been proposed to the Democratic Republic of Congo’s mining code. He intends to do this during his keynote presentation at the Mining Indaba in Cape Town, South Africa, this Wednesday, February 7. Friedland’s presentation is scheduled to begin at 9 a.m. Cape Town time, […]
This represents 45% of the DRC-based plant’s designed capacity. Three of Mwadingusha’s six generators now have been modernised, while the remaining three generators are due to be upgraded and fully operational by the end of 2019 – restoring the plant to its installed output capacity of approximately 71 MW of power. The work at Mwadingusha, part of a programme to […]
The Kakula box cut was successfully completed on 26 October 2017, and the first blast for the twin declines at Kakula took place on 16 November – 10 days ahead of schedule. The Kakula decline development work is being undertaken by JMMC, a DRC subsidiary of JCHX Mining Management of Beijing, China. Depending on ground conditions, the 3,600 m decline […]