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Ivanhoe Mines ( (TSE:IVN) ) has provided an announcement.
Ivanhoe Mines has announced a Joint Venture with Pallas Resources to explore the Chu-Sarysu Copper Basin in Kazakhstan, the world’s third-largest sediment-hosted copper district. The venture involves a significant licence package of up to 16,000 km², and Ivanhoe plans to invest $18.7 million in exploration over two years, with the potential to increase ownership to 80%. This strategic move underscores Ivanhoe’s commitment to expanding its copper exploration activities and enhancing its industry positioning by tapping into Kazakhstan’s rich mining potential.
More about Ivanhoe Mines
Ivanhoe Mines is a mining company that focuses on the exploration and development of mineral resources, particularly copper deposits. It leverages its extensive experience in identifying and mining tier-one sediment-hosted copper deposits, with operations extending to various global regions.
YTD Price Performance: -4.60%
Average Trading Volume: 234,244
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $16.07B
For a thorough assessment of IVN stock, go to TipRanks’ Stock Analysis page.
