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September 2016
MODERN MINING
13
MINING News
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
Ivanhoe reports “unsolicited interest” in the company
Exploration teammember examining high-grade copper mineralisation in Kakula drill core (photo: Ivanhoe).
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
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.”
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