Ivanhoe Energy Newswire

Ivanhoe Energy Newswire

Comprehensive Real-Time News Feed for Ivanhoe Energy.

Results 1 - 20 of 69 in Ivanhoe Energy

  1. Ivanhoe Mines confirmed decision for DRC Government to acquire up to...Read the original story w/Photo

    Wednesday Jun 17 | MBendi

    Robert Friedland, Executive Chairman of Ivanhoe Mines , and Lars-Eric Johansson, Chief Executive Officer, today reiterated a statement issued on June 9 reconfirming Ivanhoe's commitment to finalize an agreement for the sale of a further interest of up to 15% in the company's Kamoa Copper Project to the government of the Democratic Republic of Congo. An announcement issued yesterday by the D.R. Congo's Minister of Mines and Minister of Portfolio stated that any sale of up to 15% in Kamoa Copper SA to the Congolese State would dilute China-based Zijin Mining Group's future interest in the project.

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  2. Ivanhoe Mines Addresses Concern of Two DRC Ministers, Reiterates...Read the original story w/Photo

    Wednesday Jun 17 | Market Wire

    Robert Friedland, Executive Chairman of Ivanhoe Mines , and Lars-Eric Johansson, Chief Executive Officer, today reiterated a statement issued on June 9 reconfirming Ivanhoe's commitment to finalize an agreement for the sale of a further interest of up to 15% in the company's Kamoa Copper Project to the government of the Democratic Republic of Congo. An announcement issued yesterday by the D.R. Congo's Minister of Mines and Minister of Portfolio stated that any sale of up to 15% in Kamoa Copper SA to the Congolese State would dilute China-based Zijin Mining Group's future interest in the project.

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  3. Report Published: "Ivanhoe Energy, Inc. (IE) - Oil & Gas - Deals and Alliances Profile"Read the original story

    Jun 4, 2015 | PR-inside.com

    2015-06-04 19:06:09 - Fast Market Research recommends "Ivanhoe Energy, Inc. (IE) - Oil & Gas - Deals and Alliances Profile" from GlobalData, now available Ivanhoe Energy, Inc. (Ivanhoe Energy) is an independent oil and gas company. The principal ...

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  4. Ivanhoe's global energy dream falls apart as company declares bankruptcyRead the original story

    Jun 3, 2015 | 680News

    Early last year, Ivanhoe Energy was developing an oilsands project in Alberta, had partnered with China National Petroleum Corporation on an oil play in Ecuador, was pushing ahead with a proprietary heavy oil refining technology and wanted to build an offshore floating refinery. For over a decade, the company's goal was to use a process that converts heavy oil to light oil for easier transportation and processing, which it spent $100 million to acquire in 2004.

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  5. Press Digest- Canada - June 3Read the original story

    Jun 3, 2015 | Reuters

    ... Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. ** Ivanhoe Energy Inc says it is bankrupt after restructuring talks with creditors proved unsuccessful. The company had been working with Ernst & ...

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  6. The Wall Street Journal: Ivanhoe Energy says it is now bankruptRead the original story w/Photo

    Jun 3, 2015 | MarketWatch

    Ivanhoe Energy Inc., a Vancouver-based heavy-oil development and production company, said late Tuesday it is now bankrupt after failing to reach a viable restructuring proposal. , founded by mining magnate Robert Friedland, filed for bankruptcy protection in late February amid slumping crude-oil prices and had been working on restructuring options with trustee Ernst & Young Inc. and its major creditors.

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  7. Ivanhoe Energy declares bankruptcy as restructuring talks with creditors failRead the original story

    Jun 2, 2015 | Lethbridge Herald

    ... projects in Ecuador and Mongolia and was working to develop a proprietary upgrading process for heavy oil. Ivanhoe Energy is one of several companies backed by Robert Friedland, a mining promoter who has played key roles in developing the Voisey's ...

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  8. Ivanhoe Mines to meet with Congo government over Kamoa dealRead the original story

    May 28, 2015 | Reuters

    May 28 Ivanhoe Mines Ltd's chief executive said on Thursday that he will meet with officials from the Democratic Republic of Congo this weekend to address any "misunderstandings" around his company's deal to sell nearly half of its Komoa copper project. The government opposes the transaction, according to media reports, because it was not consulted on Zijin Mining Group Co Ltd's agreement to buy a 49.5 percent stake in Ivanhoe subsidiary Kamoa Holding Ltd, which owns 95 percent of the DRC copper project.

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  9. Ivanhoe Mines and China's Zijin Mining Group Sign Landmark Agreement...Read the original story w/Photo

    May 28, 2015 | AndhraNews

    Robert Friedland, Executive Chairman of Ivanhoe Mines Ltd. , and Lars-Eric Johansson, Chief Executive Officer, announced today that Ivanhoe and Zijin Mining Group Co., Ltd. have agreed to a strategic co-development of the Kamoa copper discovery in the Democratic Republic of Congo. Under terms of agreements signed in Xiamen, Zijin - through its subsidiary, Gold Mountains International Mining Company Limited - will buy a 49.5% share interest in Kamoa Holding Limited , an Ivanhoe subsidiary that presently owns 95% of the Kamoa Project, for an aggregate consideration of US$412 million .

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  10. Ivanhoe Sale to Zijin Needs Congo's Approval, Minister SaysRead the original story

    May 27, 2015 | The Washington Post

    Ivanhoe announced the $412 million deal with Zijin, based in China's Fujian province, on Tuesday. Because Congo has a 5 percent stake in the project, Mines Minister Martin Kabwelulu said the company should have contacted the government about the sale through the portfolio or mines ministries.

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  11. Congo Minister Insists Zijin's Bid for Kamoa Needs Government OKRead the original story

    May 27, 2015 | The Washington Post

    Zijin Mining Group Co.' s bid for 49.5 percent of Ivanhoe Mines Ltd.'s Kamoa copper project in the Democratic Republic of Congo requires government approval before it can move forward, the mines minister said.

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  12. Ivanhoe Mines & Zijin Mining signed agreement to co-develop the Kamoa ...Read the original story w/Photo

    May 26, 2015 | MBendi

    Robert Friedland, Executive Chairman of Ivanhoe Mines Ltd. , and Lars-Eric Johansson, Chief Executive Officer, announced today that Ivanhoe and Zijin Mining Group Co., Ltd. have agreed to a strategic co-development of the Kamoa copper discovery in the Democratic Republic of Congo. Under terms of agreements signed in Xiamen, Zijin - through its subsidiary, Gold Mountains International Mining Company Limited - will buy a 49.5% share interest in Kamoa Holding Limited , an Ivanhoe subsidiary that presently owns 95% of the Kamoa Project, for an aggregate consideration of US$412 million .

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  13. Zijin Jumps as Chinese Miner Buys Into Barrick, Ivanhoe ProjectsRead the original story

    May 26, 2015 | The Washington Post

    Zijin Mining Group Co.' s jumped to the highest in three years in Hong Kong trading after China's most valuable gold producer outlayed $710 million in two deals that extend its reach across the globe.

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  14. China's Zijin Mining Spending Big on Copper and GoldRead the original story w/Photo

    May 26, 2015 | Resource Investing News

    Zijin Mining Group is China's most valuable gold producer, and the company looks to be investing more and more in mining projects outside the country. Last December, Zijin announced a C$81-million investment in Pretium Resources and that company's Brucejack project.

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  15. China's Zijin Mining buys into projects owned by Ivanhoe, BarrickRead the original story

    May 26, 2015 | The Northern Miner

    Just a week after Vale unveiled a memorandum of understanding with one of China's largest commercial banks for financing arrangements worth up to US$4 billion, Zijin Mining Group of southern Fujian province has agreed to acquire about 50% of Barrick Gold 's Porgera mine in Papua New Guinea as well as a 49% stake in Kamoa Holding Ltd., an Ivanhoe Mines ' subsidiary that owns 95% of the company's Kamoa copper discovery in the Democratic Republic of Congo.

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  16. China's Zijin Spends $710 Million on Barrick, Ivanhoe DealsRead the original story

    May 26, 2015 | The Washington Post

    Zijin will buy a 50 percent stake in Barrick Gold Corp.'s Porgera mine in Papua New Guinea for $298 million, according to a statement on Tuesday. Separately, the company based in China's Fujian province agreed to acquire 49.5 percent of Ivanhoe Mines Ltd.'s Kamoa copper project in Congo for $412 million.

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  17. The Irrawaddy: Amnesty calls for Rio Tinto probe for role in Monywa mine saleRead the original story

    Apr 27, 2015 | Burmanet

    London-based rights group Amnesty International has called on British authorities to investigate British-Australian mining giant Rio Tinto for "a possible breach of EU economic sanctions on Burma" over the role it played in a controversial sale of the Burmese assets of a Canadian firm Ivanhoe Mines, a sale that according to a leaked US State Department cable may have involved internationally blacklisted billionaire Tay Za as a middle man. Vancouver-based Ivanhoe Mines was involved in the Monywa copper mining project by way of its 50 percent stake in a joint venture called Myanmar Ivanhoe Company Limited , a partnership with a Burmese state-owned company, which began operating the mine in the late 1990s.

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  18. GoviEx Continues to Make Progress at Madaouela Project in NigerRead the original story

    Apr 21, 2015 | Resource Investing News

    The uranium spot price is currently at $38.85 per pound U3O8, well below what's cost effective for most miners, so it makes sense that those looking to move into production are waiting for the market to turn. That is exactly what GoviEx Uranium has done, while still managing to roll out encouraging results and tick off boxes on its to-do list.

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  19. China-based Zijin Mining Group Completes Private Placement and Now...Read the original story

    Apr 20, 2015 | Sys-Con Media

    Robert Friedland, Executive Chairman of Ivanhoe Mines Ltd. , and Chen Jinghe, Chairman of Zijin Mining Group Co., Ltd., jointly announced today that the private placement previously announced on March 23, 2015, has closed and approximately 9.9% of Ivanhoe Mines' issued and outstanding common shares now are owned by a wholly-owned subsidiary of Zijin. Under the terms of the private placement, Ivanhoe Mines has issued 76,817,020 common shares to a Zijin subsidiary at a price of C$1.36 per share, yielding gross proceeds of approximately C$105 million .

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  20. Cash-strapped oilsands junior returns 3 leases to provinceRead the original story w/Photo

    Apr 17, 2015 | Edmonton Journal

    ... of worries of blowouts through caprock overlying the formation in the region, also stalled projects by Ivanhoe Energy Inc., Southern Pacific Resource Corp., Value Creation Inc. and Grizzly Oil Sands ULC. SilverWillow reported Friday the review still ...

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