Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

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
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 alex.macdonald@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on IVANHOE MINES LTD
07/21 IVANHOE MINES : provides website link to company’s fact-based response add..
07/21 IVANHOE MINES' : fact-based response issued to Congo Research Group June 15, 201..
07/20 IVANHOE MINES : issues fact-based response to Congo Research Group on certain bu..
07/20 IVANHOE MINES : appoints two additional leading financial institutions to arrang..
07/19 IVANHOE MINES : says Bloomberg stories on Ivanhoe’s success in the Democra..
07/19 IVANHOE MINES : appoints two additional leading financial institutions to arrang..
07/18 IVANHOE MINES : Bloomberg story on Ivanhoe’s success in the Democratic Rep..
05/25 IVANHOE MINES : Aurvista Gold Appoints Matthew Hornor as the Corporation's New P..
05/24 IVANHOE MINES : receives fifth and final US$41.2 million installment payment fro..
05/24 AURVISTA GOLD : Ivanhoe veteran Matthew Hornor joins Aurvista Gold as president/..
More news
News from SeekingAlpha
07/06 TOP 5 MINING STOCKS TO WATCH IN 2017 : H1 Review
06/29 First Cobalt Has Huge Exploration Upside
06/15 Top 5 Zinc Miners To Consider
06/12 A Brief Look At The Zinc Miners With A Zinc Deficit Looming
05/23 RESOURCE SECTOR DIGEST : Takeover Targets, Tables Turned
Financials ( CAD)
Sales 2017 -
EBIT 2017 -69,1 M
Net income 2017 -63,3 M
Finance 2017 252 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 0
EV / Sales 2018 0
Capitalization 3 762 M
Duration : Period :
Ivanhoe Mines Ltd Technical Analysis Chart | IVP | CA46579R1047 | 4-Traders
Technical analysis trends IVANHOE MINES LTD
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 5,88  CAD
Spread / Average Target 23%
EPS Revisions
Lars-Eric Johansson President & Chief Executive Officer
Robert Martin Friedland Executive Chairman
Mark Farren Executive Vice President-Operations
Martie Cloete Chief Financial Officer
Oyvind Hushovd Director
Sector and Competitors
1st jan.Capitalization (M$)
BHP BILLITON PLC-0.08%99 887
RIO TINTO6.16%82 415
GRUPO MEXICO S.A. DE C.V.-1.22%24 672