Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Ivanhoe Mines Ltd    IVP   CA46579R1047

SummaryChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Ivanplats Chairman: Eyes Listing In Johannesburg Before London

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/06/2013 | 10:15am CEST

By Alex MacDonald

CAPE TOWN--Canada-listed miner Ivanplats Ltd (IVP.T) is eying a secondary listing in Johannesburg before pursuing a listing in London, said the company's executive chairman Wednesday.

Robert Friedland, the founder and major shareholder in Ivanplats didn't elaborate on the rationale for the listing during the Indaba Mining Conference but he said over the weekend at the GMP Mining Jamboree conference that he was pursuing a $1 billion secondary listing in London over the next three to four months.

Ivanplats is in the process of developing three major projects in Africa, two of which have the potential to become game changers in the mining industry and the third of which will generate significant profits, according to Mr. Friedland.

He said over the weekend that Ivanplats plans to shift its financial operational base to London from Vancouver and also was mulling listing its South African platinum project Platreef on the Johannesburg Stock Exchange under the name Ivanplats. It would then change the name of the holding company in London to Ivanhoe Mines, which Mr. Friedland said he still owns the rights to.

Mr. Friedland Wednesday said the company expects to start production of its Kipushi zinc and copper mine in the Democratic Republic of Congo in 2014 and said previously that its South African Platreef platinum project and the Congolese Kamoa project would take about three years to develop.

On Kamoa, he said the project is expected to become the largest in the world with initial production of 200,000 tons a year at 4% copper grade in the early years. The project will be developed in modular units of 200,000 tons each, he said, adding that he expects to expand Kamoa to up to six units in the future.

-Write to Alex MacDonald at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on IVANHOE MINES LTD
01:38p IVANHOE MINES : appoints three leading financial institutions to arrange project..
01:30p IVANHOE MINES : Appoints Three Leading Financial Institutions to Arrange Project..
04/11 IVANHOE MINES : Assays confirm Kakula West high-grade copper discovery
03/29 IVANHOE MINES : issues 2016 year, end results and review of operations
03/21 IVANHOE MINES : Most actively traded companies on the TSX
03/21 IVANHOE MINES : New discovery hole intersects a shallow, 3.8-kilometre extension..
03/10 IVANHOE MINES : Sidney Kimmel and Ivanhoe Pictures Merge to Form SK Global to Pr..
03/04 IVANHOE MINES : Ivn) Director Martie Cloete Sells 5,000 Shares
02/21 Binding JV Agreement for Cobalt Mining and Tailings Operations
02/13 IVANHOE MINES : Près de 41,2 millions USD de Zijing Mining à Ivanhoe Mines pour ..
More news
Sector news : Integrated Mining
08:27p FREEPORT MCMORAN : results miss mark; investors cheer temporary exports
04:18p TECK RESOURCES : profit misses estimates as costs rise, shares slip
01:00p RIO TINTO : Namibian uranium mine hikes output to turn a profit
04/24 Activist investor Elliott takes stake in UK takeover target WS Atkins
04/24 Anglo American reports 9 percent rise in output
More sector news : Integrated Mining
News from SeekingAlpha
04/18 RESOURCE SECTOR DIGEST : Fear For A Weaker Dollar Pushes Gold Higher
03/28 RESOURCE SECTOR DIGEST : A Mountain Of Gold
03/28 Ivanhoe Mines reports FY results
03/24 KAMOA-KAKULA : The World's Biggest Copper Mine?
03/16 Metals prices may continue rally in Q2 with zinc top pick, RBC says
Advertisement
Financials ( CAD)
Sales 2017 -
EBIT 2017 -102 M
Net income 2017 -98,3 M
Finance 2017 280 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 0
EV / Sales 2018 0
Capitalization 3 879 M
More Financials
Chart IVANHOE MINES LTD
Duration : Period :
Ivanhoe Mines Ltd Technical Analysis Chart | IVP | CA46579R1047 | 4-Traders
Full-screen chart
Technical analysis trends IVANHOE MINES LTD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 5,70  CAD
Spread / Average Target 15%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Lars-Eric Johansson President & Chief Executive Officer
Robert Martin Friedland Executive Chairman
Mark Farren Executive Vice President-Operations
Martie Cloete Chief Financial Officer
Oyvind Hushovd Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
IVANHOE MINES LTD89.27%2 858
BHP BILLITON PLC-8.80%90 841
BHP BILLITON LIMITED-4.07%90 841
RIO TINTO PLC-3.17%74 279
RIO TINTO LIMITED0.57%74 279
GRUPO MEXICO S.A. DE C..0.09%23 012
More Results