Ivanhoe Mines has appointed Tony Giardini as its new president. Lars-Eric Johansson will retire at the end of June 2019 following 12 years at the company.
Ivanplats celebrated an achievement on when its initial shaft intersected the top of the mineralised reef 782 m below the surface at its Platreef project.
Ivanhoe Mines’ Platreef Shaft 1 in South Africa has reached the top of the high-grade Flatreef Deposit (T1 mineralized zone) at a depth of 780.2 m.
Ivanhoe Mines states the placement transaction with CITIC Metal has received all necessary recordals and registration in China.
Robert Friedland, executive chairman of Ivanhoe Mines, and CEO Lars-Eric Johansson say CITIC has provided Ivanhoe Mines with a loan of US$100 million.
Underground development and contract mining specialist Aveng Mining has delivered an exceptional shaft sinking performance over the last 12 months at Ivanplats’ Platreef project.
Business and policy
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.
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