‘Positive’ talks continue between Ivanhoe/DRC on sale of Kamoa stake to China

Project developer Ivanhoe Mines on Tuesday reported that “positive discussions” with the government of the Democratic Republic of Congo (DRC) continued after the company recently sent a high-level delegation to the country to address any “misunderstandings” that might exist between itself and the government following the company’s announcement to sell nearly half of the Kamoa copper project to a Chinese miner. Shortly after the $412-million deal to sell a 49.5% stake in the Kamoa copper project to Zijin Group was announced, the DRC government, which owned a 5% minority stake in the project, billed as the world’s largest undeveloped copper deposit, reportedly said it was sidestepped in discussions between shareholders.