- WORLD EDITIONAustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Ivanhoe Mines Joining with Industry in Commencing Detailed Discussions with the DRC Government About New Mining Code
Ivanhoe Mines (TSX:IVN) (OTCQX:IVPAF) welcomes the forthcoming commencement of discussions with the Minister of Mines for the Democratic Republic of Congo and other State representatives. The continued talks have the goal of resolving, in a fair and equitable manner, the mining industry’s concerns with the new DRC 2018 mining code through frank discussion of the terms …
Ivanhoe Mines (TSX:IVN) (OTCQX:IVPAF) welcomes the forthcoming commencement of discussions with the Minister of Mines for the Democratic Republic of Congo and other State representatives. The continued talks have the goal of resolving, in a fair and equitable manner, the mining industry’s concerns with the new DRC 2018 mining code through frank discussion of the terms of legally binding mining regulations and potential transition agreements and amendments to the mining code. This commitment to resolution was made on March 7, 2018 in a joint statement issued following meetings in the DRC capital of Kinshasa, which included President Joseph Kabila Kabange, the Honorable Minister of Mines Martin Kabwelulu, senior members of the DRC government and senior executives of international mining companies that have operations in the DRC.
As quoted in the press release:
Ivanhoe’s Executive Chairman Robert Friedland commented, “What has been missing from the media reports circulating around these changes is in-depth reporting of the key details of the 2002 and 2018 mining codes, including the existence of the 10-year stability clause in the 2002 mining code. This stability clause allows the mining companies to operate under the 2002 mining code for a period of 10 years after the promulgation of a new mining code. The headlines simply do not tell the whole story. The 2018 mining code is a long and detailed new piece of legislation that will be further supplemented by the forthcoming mining regulations and potentially by transition agreements or amendments to the mining code. We have every expectation these discussions will result in binding laws that address the industry’s concerns and also fairly achieve the goals of the DRC government.”
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.