TSX-listed firm Ivanhoe announced it was going to proceed to the updating of its NI 43-10 permit at the Kipushi underground mine. Located in DR Congo in the Haut-Katanga region, the Kipushi project is a zinc-copper mine.

The firm intends to use the update to speed negotiations with potential strategic investors. However, transactions with investors will only be possible after definite commercial terms have been finalized.

Asides this, executive chairman of Ivanhoe Mines, Robert Friedland also said the last set of ordinary shares from the lock-up category A was issued. Hence, ordinary shares from the B class would no more be available since all 778,959,807 shares of the A category have been issued on January 23.

Robert Friedland expressed his thanks to shareholders for their patience and support since the listing : “A support that allowed us to make significant progress on our three main projects in Africa as well as in the collection of funds, despite the difficult market conditions,” he said.

Stéphanie C. TOHON