Modern Mining September 2016


Ivanhoe reports “unsolicited interest” in the company

project offering and to see the scale of the Kakula Discovery. “Following this, we can obtain strategic advice and make informed decisions that benefit our shareholders and the other governmental, community and local stakeholders in our projects.” 

TSX-listed Ivanhoe Mines announced in late August that its board of directors has authorised the company to seek strate- gic advice at the project and corporate levels to help address unsolicited interest that the company and its projects have received in recent months. Executive Chairman Robert Friedland said, “The mining industry has taken notice of our company. Our remarkable Kakula Discovery on the Central African Copperbelt certainly is helping to generate attention. We have received a number of unsolicited inquiries from significant min- ing industry participants in Asia, Europe, Africa and elsewhere. In response, our board has taken the prudent decision to seek strategic advice.” Friedland said it was expected that an investment bank would be retained, its mandate being to examine and advise the board on all strategic options and alterna- tives available to the company. The company also has commenced

investor and banking analyst tours of its projects, including the Kakula Discovery. Ivanhoe Mines’ CEO, Lars-Eric Johansson, said it was important for analysts and inves- tors to gain a first-hand understanding of the progress and potential of Ivanhoe’s

Exploration teammember examining high-grade copper mineralisation in Kakula drill core (photo: Ivanhoe).

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September 2016  MODERN MINING  13

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