Ivanhoe Mines Ltd. (TSX:IVN) announced that it has appointed BMO Capital Markets Ltd. and Morgan Stanley & Co. International plc as financial advisers to complete a strategic review of the Kamoa and Kipushi projects. Both are located in the Democratic Republic of the Congo.
As quoted in the press release:
The appointment follows Ivanhoe’s announcement on May 15, 2014, that both corporate and project level options were being examined to help realize the potential value of the company’s world-scale mineral projects.
The strategic review initially will focus on the potential introduction of third-party strategic investors and/or joint-venture parties for the Kamoa and Kipushi projects. Ivanhoe also will continue to examine other corporate and project-level options such as a corporate reorganization; project spin-offs (including potentially separating its South African platinum assets and its DRC copper and zinc assets into separately listed public companies); sales or joint-ventures; project- or corporate-level debt and/or equity investments; and additional and/or alternative stock-exchange listings for certain of the company’s projects.
| Updated December 2015
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