Ivanhoe Mines

Ivanhoe Mines Ltd. (formerly Ivanplats Limited) is a Canadian mineral exploration and development company headquartered in Vancouver, British Columbia. It is the successor to the original Ivanhoe Mines, now known as Turquoise Hill Resources.

History

The original Ivanhoe Mines was founded in 1994. In April 2012 Rio Tinto increased its ownership took control of the companies assets. As part of the deal it had to relinquish the Ivanhoe name. In August 2013 Rio Tinto renamed the company to Turquoise Hill Resources.

In October 2012 the new company Ivanplats Limited was listed on the Toronto Stock Exchange. In August 2013 the company changed its name to Ivanhoe Mines.

In April 2017 Ivanhoe announced it had confirmed the new Kakula West discovery in the Democratic Republic of Congo. Reported assays returned 8.86 metres grading 5.83% copper that included a higher grade intercept of 6.17 metres grading 6.84% copper. The discovery extended the Kakula along a confirmed strike length of 6.8 kilometres.^[1]

In May 2017 Ivanhoe released an updated mineral resource estimate for Kamoa-Kakula that outlined 116 Million Tonnes Grading 6.09% Copper in the Measured category.^[2]

References