Edition:
India

Ivanhoe Says Recently Had "Constructive" Discussions on Review Of Democratic Republic Of Congo 2002 Mining Code​


Monday, 26 Feb 2018 

Feb 26 (Reuters) - Ivanhoe Mines ::ANNOUNCES A 50% INCREASE IN INDICATED MINERAL RESOURCES, AT A 3% CUT-OFF GRADE, AT THE ULTRA-HIGH-GRADE KAKULA COPPER DISCOVERY IN D.R. CONGO.SAYS ‍NEW MINERAL RESOURCE ESTIMATE ESTABLISHES KAMOA-KAKULA PROJECT AS WORLD'S FOURTH-LARGEST COPPER DISCOVERY​.‍KAMOA-KAKULA PROJECT IS A JOINT VENTURE BETWEEN IVANHOE MINES, ZIJIN MINING AND GOVERNMENT OF DEMOCRATIC REPUBLIC OF CONGO​.SAYS CONSULTATION BETWEEN INDUSTRY PARTICIPANTS AND GOVERNMENT SET TO BEGIN TO REVIEW THE DEMOCRATIC REPUBLIC OF CONGO 2002 MINING CODE​.SAYS RECENTLY HAS HAD CONSTRUCTIVE DISCUSSIONS IN KINSHASA, CAPITAL OF DRC, REGARDING REVIEW OF DRC 2002 MINING CODE​.‍IN CONJUNCTION WITH OTHER INTERNATIONAL MINING COS OPERATING IN DRC, PROGRESS BEEN MADE TO UNDERSTAND ISSUES OF CONCERN TO GOVERNMENT & INDUSTRY PARTICIPANTS​.SAYS ‍HAS RECEIVED SPECIFIC ASSURANCE THAT A DETAILED CONSULTATION PROCESS WILL COMMENCE IN NEAR FUTURE TO REVIEW THE DEMOCRATIC REPUBLIC OF CONGO'S 2002 MINING CODE. 

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