January 22, 2024
KINSHASA, DEMOCRATIC REPUBLIC OF CONGO – Robert Friedland and Marna Cloete, respectively executive co-chairman of the board and president of the company Ivanhoe Mines (TSX:I VN; OTCQX: IVPAF), today sent their congratulations to His Excellency Mr. Félix Tshisekedi for his re-election and inauguration as President of the Democratic Republic of Congo.
In a statement, Robert Friedland said: “On behalf of Ivanhoe Mines, we extend our congratulations to His Excellency Mr. Félix Tshisekedi on his re-election to a second term. This election reinforces our belief that the country will soon emerge as one of the main economic powers of the African continent.
Ivanhoe Mines is a Canadian mining company currently developing three major projects in southern Africa, including the expansion of the Kamoa-Kakula copper mining complex in the Democratic Republic of Congo. Thus, the re-election of Félix Tshisekedi is seen as an opportunity to strengthen collaboration between Ivanhoe Mines and the Congolese government in order to develop the country’s mining potential.
In recent years, the Democratic Republic of Congo has experienced positive democratic developments, with the successful holding of several elections. This political stability, combined with the country’s abundant mineral resources and its hydroelectric energy potential, makes the DRC a key player in Africa’s economic development.
Ivanhoe Mines plans to complete the expansion of the Kamoa-Kakula complex this year, which will be one of the largest copper mining projects in the world. Additionally, the company will restart production at the historic Kipushi mine, which contains high-grade zinc, silver, copper and germanium resources. Exploration activities in the Western Forelands area, which aims to discover new Tier 1 copper deposits, will also be intensified.
Ivanhoe Mines’ participation in the Mining Indaba conference in South Africa in February 2024 is also planned. This event brings together key players in the mining industry, international investors and government representatives, providing an opportunity to strengthen ties between Ivanhoe Mines and the various players in the sector.
In conclusion, the re-election of Félix Tshisekedi as president of the DRC is seen as an opportunity for Ivanhoe Mines to continue to develop its mining projects in the country. This collaboration between the mining sector and the Congolese government will contribute to the economic and social development of the Democratic Republic of Congo, which is endowed with rich natural resources and considerable potential to become one of the main economic powers in Africa.