Ivanhoe Mines Making a ‘Meaningful Contribution’ to Employment in Mokopane

Ivanhoe Mines (TSX:IVN) reported that it has employed over 650 people at its Platreef project in the Mokopane area of Limpopo, South Africa. The company noted that over 500 of those jobs are held by local residents.

As quoted in the press release:

Normal operations have been successfully re-established at the site of the company’s planned underground mine on the Platreef resource of platinum, palladium, nickel, copper, gold and rhodium following the formal activation of the company’s long-term mining right by the Department of Mineral Resources on November 4. Plant, earthmoving and mining equipment were returned to the site last week after a six-month suspension of activity.

Ivanplats, a wholly owned subsidiary of Ivanhoe Mines, owns 64% of the Platreef Project and is directing all mine development work.

Ivanhoe CEO, Lars-Eric Johansson, said:

The resumption of work is enabling Ivanplats and our contractors to fulfil our commitment to create jobs and give priority to local residents when recruiting to fill available positions. We are making a meaningful contribution to the relief of the area’s acute level of unemployment and we appreciate the interest that has been expressed by supportive residents of our neighbouring communities who see themselves as beneficiaries and partners in our broad-based, black economic empowerment structure that has been designed to help advance the realization of their aspirations.

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