Ivanhoe Mines Celebrates South Africa's Freedom Day 2021, Marking the Country's 27th Anniversary of Freedom and Democracy

Ivanhoe's journey of discovery and development at its tier-one Platreef palladium-platinum-nickel-copper-rhodium-gold discovery also marks its 27th anniversary

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun congratulate the people of South Africa for achieving 27 years of peace, freedom and democracy. It was on this day in 1994 that South Africa held its first multiracial general election, marking the end to apartheid.

"Today, on Freedom Day, we celebrate with the great people of South Africa on their extraordinary journey of freedom, reconciliation and democracy," said Mr. Friedland.

"We also salute the intrepid pioneers of Ivanhoe Mines, who in 1994 began our remarkable exploration journey in southern Africa that eventually resulted in the discovery of the tier-one Platreef and Kamoa-Kakula deposits.

"Soon after freedom came to the people of South Africa on that historic day in 1994, the predecessor company to Ivanhoe Mines became the proud holder of the current new order mineral rights to explore the Platreef Project. After many years of exploration and an astronomical amount of drilling, we delineated one of the world's largest deposits of high-grade platinum-group metals, nickel and copper, and now are positioned to soon unlock Platreef's world-scale potential.

"Our Platreef mine development efforts are led by courageous women and men, many of whom made great efforts in the struggle for freedom. They also helped shape Platreef's Broad-Based Black Economic Empowerment initiative that is designed to deliver significant social and economic benefits for its participants, particularly the men, women and children in the local communities. As we dream of the future, we should never forget our past."

Kgalema Motlanthe, former President and Deputy President of South Africa, and an Ivanhoe Mines Director, commented: "27 years ago today, South Africans from all walks of life, colour and creed waited in long queues to cast their votes. For the majority of them, this was their first opportunity to participate in the democratic process. This occasion was pregnant with possibilities, and the world waited to witness the dawn of democracy in South Africa.

"The occasion was remarkable for the peaceful manner in which the intractable problems of apartheid and racial discrimination were set aside and all sides moved forward as one people. In the euphoria of the 1994 democratic dispensation, many who had long suffered expected these problems to be resolved promptly. However, the past 27 years has shown that these are stubborn, systemic problems which are not ready for simple solutions.

"It is significant to note that 27 years equate to the number of years that Madiba spent in prison. So, in order to actualize the promise of that wonderful day 27 years ago, a concerted effort should be made in his honour to create a capable, professional and efficient state to rally and mobilize human and capital resources from all over the world."

Marna Cloete, Ivanhoe's President and CFO, added: "The diversity and inclusion of our executive committee and the entire company is a true reflection of our rich South African culture that always strives for unity and freedom in our daily lives."

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal joint-venture projects in Southern Africa: the development of major new, mechanized, underground mines at the Kamoa-Kakula copper discoveries in the DRC and at the Platreef palladium-platinum-nickel-copper-rhodium-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the DRC.

Kamoa-Kakula is expected to begin producing copper in July 2021 and, through phased expansions, is positioned to become one of the world's largest copper producers. Kamoa-Kakula and Kipushi will be powered by clean, renewable hydro-generated electricity and will be among the world's lowest greenhouse gas emitters per unit of metal produced. Ivanhoe also is exploring for new copper discoveries on its wholly-owned Western Foreland exploration licences in the DRC, near the Kamoa-Kakula Project.

Information contacts

Investors: Bill Trenaman +1.604.331.9834 / Media: Matthew Keevil +1.604.558.1034

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/81838

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Loyal Metals Limited

Loyal to Acquire the High-Grade Highway Reward Copper Gold Mine

Loyal Metals Limited (ASX:LLM) (Loyal, LLM, or the Company) is pleased to announce that it has acquired a binding option to purchase the Highway Reward Copper Gold Mine in Queensland, Australia, one of the highest-grade copper mines worldwide, with past production totalling 3.65 million tonnes at 5.7% Cu and 260,000 tonnes at 4.5 g/t Au 1-9. This acquisition is the first step in Loyal’s 2025 Strategic Plan to broaden its critical minerals portfolio into copper. No exploration has been conducted on the mining leases since mining ceased in July 2005, despite a ~680% increase in copper prices and a ~1,256% increase in gold prices since the 1997 feasibility study 3,4. With over $4.4 million in funding, Loyal is well-positioned to revisit the high-grade Highway Reward Copper Gold Mine by deploying modern exploration techniques11.

Keep reading...Show less
Textured copper ribbons weave over a black background.

​Copper​ Market Hit by Major Supply Squeeze as LME Inventories Drop

One of the sharpest copper supply crunches in recent memory is rattling global commodities markets, as inventories at the London Metal Exchange (LME) plummet and the spot price soars.

Bloomberg reported that as of Monday (June 23), copper for immediate delivery was trading at a premium of US$345 per metric ton over three month futures, the widest spread since a record squeeze in 2021.

That dramatic price divergence reflects the market’s acute concerns over access to physical copper, with readily available inventories on the LME falling by around 80 percent this year alone.

Keep reading...Show less
Many copper bobbins and warehouse copper pipes.

Top 10 Copper-producing Companies

Copper miners with productive assets have much to gain as supply and demand tighten.

In May 2024, the copper price hit a new all-time high of US$10,954 per metric ton (MT) on the London Metal Exchange and US$5.20 per pound on the COMEX on the back of increasing demand and growing supply concerns.

Copper is one of the most important resources for the energy transition. However, in recent years, demand for the red metal has outpaced mining supply. While construction and electrical grids have long been major markets for copper, today the rise in demand for electric vehicles, EV charging infrastructure and energy storage applications are emerging drivers of copper consumption.

Another trend driving future copper demand is the rapid urbanization in the Global South, as rural populations migrate to cities, putting pressure on electricity grids.

Keep reading...Show less
White Cliff Minerals

John Hancock to join White Cliff Minerals Board

Astrotricha Capital SEZC appointed Advisors

White Cliff Minerals Limited (“WCN” or the “Company”) (ASX: WCN; OTCQB: WCMLF) is pleased to announce that John Hancock will join the Board of White Cliff Minerals effective 1 August 2025.

Keep reading...Show less
Gavel on books with "5 Top Canadian Mining Stocks This Week" text overlay.

Top 5 Canadian Mining Stocks This Week: Royalties Jumps 183 Percent on Legal Win

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Friday (June 20) was the last day for the spring session of Canada’s parliament before its summer break.

On the agenda for the day was a vote on bill C-5, “The One Canadian Economy Act,” which was introduced on June 5.

Keep reading...Show less
Cyprium Metals

Nifty Copper Project Virtual Site Visit

Cyprium Metals Limited (ASX: CYM, OTC: CYPMF) (Cyprium or the Company) invites shareholders to join an investor webinar and live Q&A hosted by Executive Chairman Matt Fifield on Tuesday 24th June 2025. Investors will be guided on a virtual site visit of the Nifty Copper Complex showcasing the sulphide and heap leach resources and extensive brownfield infrastructure.

Keep reading...Show less

Latest Press Releases

Related News

×