Ivanhoe Mines Announces MOU with Government of Zambia to Facilitate Exploration and Development Activities
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) has signed a Memorandum of Understanding (MOU) with Zambia's Ministry of Mines and Minerals Development to facilitate exploration activities in the country. The MOU outlines a partnership for sustainable development of Zambia's mineral resources, with Ivanhoe applying for new exploration rights. Key points include:
1. The Ministry will share information, identify prospective land packages, and provide access to geological data.
2. Ivanhoe plans to invest in exploration following its successful model from the Kamoa-Kakula Copper Complex in DRC.
3. Zambia aims to quadruple copper production to 3 million tonnes by 2031, potentially becoming the world's second-largest producer.
4. The agreement aligns with Zambia's nationwide geophysical survey to map mineral resources.
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) ha firmato un Protocollo d'Intesa (MOU) con il Ministero delle Miniere e dello Sviluppo Minerario dello Zambia per facilitare le attività di esplorazione nel paese. Il MOU delinea una collaborazione per uno sviluppo sostenibile delle risorse minerarie dello Zambia, con Ivanhoe che richiederà nuovi diritti di esplorazione. I punti chiave comprendono:
1. Il Ministero condividerà informazioni, identificherà pacchetti di terreno prospettici e fornirà accesso a dati geologici.
2. Ivanhoe prevede di investire nell'esplorazione seguendo il suo modello di successo del Complesso di Rame Kamoa-Kakula nella RDC.
3. Lo Zambia punta a quadruplicare la produzione di rame a 3 milioni di tonnellate entro il 2031, diventando potenzialmente il secondo produttore mondiale.
4. L'accordo si allinea con il sondaggio geofisico nazionale dello Zambia per mappare le risorse minerarie.
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) ha firmado un Memorando de Entendimiento (MOU) con el Ministerio de minería y desarrollo de minerales de Zambia para facilitar las actividades de exploración en el país. El MOU describe una asociación para el desarrollo sostenible de los recursos minerales de Zambia, con Ivanhoe solicitando nuevos derechos de exploración. Los puntos clave incluyen:
1. El Ministerio compartirá información, identificará paquetes de tierras prospectivas y proporcionará acceso a datos geológicos.
2. Ivanhoe planea invertir en la exploración siguiendo su modelo exitoso del Complejo de Cobre Kamoa-Kakula en la RDC.
3. Zambia tiene como objetivo cuadruplicar la producción de cobre a 3 millones de toneladas para 2031, lo que podría convertirle en el segundo mayor productor del mundo.
4. El acuerdo se alinea con el levantamiento geofísico nacional de Zambia para mapear los recursos minerales.
아이반호 광업(Ivanhoe Mines, TSX: IVN) (OTCQX: IVPAF)은 잠비아 광업 및 광물 개발부와 양해각서(MOU)를 체결하여 해당 국가에서 탐사 활동을 원활히 진행할 계획입니다. MOU는 잠비아의 광물 자원에 대한 지속 가능한 개발을 위한 파트너십을 강조하며, 아이반호는 새로운 탐사 권리를 신청할 것입니다. 주요 내용은 다음과 같습니다:
1. 해당 부서는 정보를 공유하고, 잠재적인 토지 패키지를 식별하며, 지질 데이터에 대한 접근을 제공합니다.
2. 아이반호는 DRC의 카모아-카쿨라 구리 단지에서의 성공적인 모델에 따라 탐사에 투자할 계획입니다.
3. 잠비아는 2031년까지 구리 생산을 300만 톤으로 늘려 세계에서 두 번째로 큰 생산국이 되는 것을 목표로 하고 있습니다.
4. 이 협정은 잠비아의 전국 지구물리학 조사와 일치하여 광물 자원을 매핑합니다.
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) a signé un Mémorandum d'Entente (MOU) avec le Ministère des Mines et du Développement Minéral de la Zambie pour faciliter les activités d'exploration dans le pays. Le MOU décrit un partenariat pour le développement durable des ressources minérales de la Zambie, avec Ivanhoe demandant de nouveaux droits d'exploration. Les points clés incluent :
1. Le Ministère partagera des informations, identifiera des terrains potentiels et fournira un accès aux données géologiques.
2. Ivanhoe prévoit d'investir dans l'exploration en suivant son modèle réussi du Complexe de Cuivre Kamoa-Kakula en RDC.
3. La Zambie vise à quadrupler sa production de cuivre à 3 millions de tonnes d'ici 2031, devenant potentiellement le deuxième plus grand producteur au monde.
4. L'accord s'inscrit dans le cadre de l'enquête géophysique nationale de la Zambie pour cartographier les ressources minérales.
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) hat ein Memorandum of Understanding (MOU) mit dem Ministerium für Bergbau und Mineralentwicklung Zambias unterzeichnet, um die Erkundungsaktivitäten im Land zu erleichtern. Das MOU beschreibt eine Partnerschaft für eine nachhaltige Entwicklung der mineralischen Ressourcen Zambias, wobei Ivanhoe neue Erkundungsrechte beantragen wird. Die wichtigsten Punkte sind:
1. Das Ministerium wird Informationen teilen, potenzielle Grundstücke identifizieren und Zugang zu geologischen Daten bereitstellen.
2. Ivanhoe plant Investitionen in die Erkundung nach dem erfolgreichen Modell vom Kamoa-Kakula Kupferkomplex in der DRC.
3. Sambia hat das Ziel, die Kupferproduktion bis 2031 auf 3 Millionen Tonnen zu vervierfachen und könnte damit zum zweitgrößten Produzenten der Welt werden.
4. Die Vereinbarung steht im Einklang mit der landesweiten geophysikalischen Erhebung Sambias zur Kartierung der mineralischen Ressourcen.
- Ivanhoe Mines gains access to new exploration opportunities in Zambia
- Partnership with Zambian government provides stable regulatory environment for mining operations
- Potential for significant copper discoveries in a country aiming to become the world's second-largest producer
- Access to new geological data from Zambia's nationwide geophysical survey
- None.
MOU outlines partnership for the sustainable development of Zambia's world-class mineral resources
Ivanhoe Mines applying for new exploration rights in Zambia
Lusaka, Republic of Zambia--(Newsfile Corp. - September 10, 2024) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced today that on August 26, 2024, a memorandum of understanding (MOU) was signed with the Ministry of Mines and Minerals Development (Ministry of Mines) of the Government of the Republic of Zambia to support Ivanhoe Mines in commencing exploration activities in the country. The signing ceremony was attended by the Minister of the Ministry of Mines and Minerals Development, Hon. Paul Kabuswe MP, and Permanent Secretary Dr. Hapenga Kabeta, as well as members of Ivanhoe Mines' senior management team.
The MOU outlines how Ivanhoe Mines intends to co-develop prospective projects together in partnership with the Ministry of Mines, to ensure the long-term sustainable development of Zambia's mineral resources, while providing a sustainable contribution to the Zambian economy and its communities. In parallel with the signing of the MOU, Ivanhoe Mines has applied for a significant exploration licence package in Zambia, with adjudication and award targeted by year-end.
The MOU includes commitments by the Ministry of Mines to share information, identify prospective land packages, provide access to existing and new geological data collected by the Zambian Government (including the recently announced 750,000-km2 country-wide airborne geophysical survey), provide guidance and support in relation to the application of new licences, as well as provide a stable and predictable fiscal and regulatory environment.
Following successful exploration or mining licence applications, Ivanhoe Mines intends to invest in exploration and project development activities following the same model of success that led to the discovery and development of the world-class Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo. In doing so, Ivanhoe will comply with all applicable legislation and conduct exploration activities in collaboration with the Geological Survey of Zambia, with a view to co-developing viable projects in a joint venture with the Government of Zambia.
On August 14, 2024, the President of the Republic of Zambia, H.E. Hakainde Hichilema, announced the start of a nationwide high-resolution aerial geophysical survey to map the country's mineral and water resources. The program is part of the nation's target of quadrupling annualized copper production to achieve 3 million tonnes by 2031. This achievement would rank Zambia as the second-largest copper producer globally, compared with tenth as projected for 2024 as shown in Figure 1.
Figure 1. Projected global copper mine production by country in 2024 ('000 tonnes of copper)
Source: BMO, Wood Mackenzie, June 2024
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3396/222784_b6fd91b8d46269bf_002full.jpg
The Republic of Zambia's Minister of Mines and Minerals Development, Hon. Paul Kabuswe MP commented:
"The MOU is more than just an agreement on paper; it is a promise and commitment to work together in good faith, to build on shared interests, and to strive for excellence in all our endeavours. The Zambian Government, through the Ministry of Mines, remains committed to supporting investors by providing the necessary regulatory frameworks and infrastructure that will enable such investments to flourish.
"Zambia is open for business and committed to maintaining an environment that attracts and retains investment by demonstrating our readiness to work with industry leaders like Ivanhoe Mines to realize the full potential of our natural resources.
"The Government of Zambia stands ready to support Ivanhoe Mines every step of the way, to ensure that its investment not only thrives but also contributes meaningfully to the growth and development of our nation."
Ivanhoe Mines Founder and Executive Co-Chairman Robert Friedland commented:
"Ivanhoe Mines is just getting started in expanding our global exploration footprint to discover more of the vital green metals that the world so desperately needs for advanced industrialization and electrification. Over the past 20 years, our geologists have discovered over 50 million tonnes of copper under the western edge of the Central African Copperbelt in the Democratic Republic of the Congo… an area we now call the Western Foreland shelf. Leveraging our decades of experience, and by thinking outside the box, we turned what was previously believed to be an unmineralized region, into one of the world's newest and most prolific copper production districts. We are now entering Zambia, as well as Angola, where we have high conviction that new discoveries are waiting to be uncovered.
"The spirit of this agreement is the same as the partnership we embarked upon with the Government of the Democratic Republic of the Congo when we started exploring and developing Kamoa-Kakula … which is fast becoming the world's third largest copper mine, only three years since we commenced production … this industry-leading feat would have not been possible without first forming strong partnerships with our host governments and communities."
(L-R) A delegation of Ivanhoe Mines' senior management attending the MOU signing ceremony, with the Republic of Zambia's Minister of Mines and Minerals Development, Honorable Minister Paul Kabuswe MP.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3396/222784_b6fd91b8d46269bf_003full.jpg
About Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa; the expansion of the Kamoa-Kakula Copper Complex in the DRC, the construction of the tier-one Platreef palladium-nickel-platinum-rhodium-copper-gold project in South Africa; and the restart of production at the ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC.
Ivanhoe Mines also is exploring across circa 1,808 km2 of highly prospective, 60
Information contact
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Forward-looking statements
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified using words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events, or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance, and results and speak only as of the date of this release.
Such statements include without limitation: (i) statements regarding the likelihood and timing of adjudication and award of exploration licences in Zambia; and (ii) statements Ivanhoe will conduct exploration activities in collaboration with the Geological Survey of Zambia, with a view to co-develop viable projects in a joint venture with the Government of Zambia.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indicators of whether such results will be achieved. Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, however not limited to, the factors discussed above and under the "Risk Factors" and elsewhere in the company's MD&A for the three and six months ended June 30, 2024 and in its current annual information form, as well as unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.
Although the forward-looking statements contained in this release are based upon what management of the company believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this release.
The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors outlined in the "Risk Factors" section in the company's MD&A for the three and six months ended June 30, 2024 and its current annual information form.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222784
FAQ
What is the significance of the MOU between Ivanhoe Mines (IVPAF) and the Zambian government?
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