Ivanhoe Mines hires banks to explore options around DRC assets
TORONTO Aug 18 (Reuters) - Ivanhoe Mines has retained BMO Capital Markets Ltd and Morgan Stanley & Co as financial advisers to conduct a strategic review of its Kamoa and Kipushi copper projects in the Democratic Republic of Congo (DRC).
Vancouver, British Columbia-based Ivanhoe, headed by well known mining financier Robert Friedland, said on Monday that the strategic review would initially focus on the potential introduction of third-party strategic investors or joint-venture parties for the Kamoa and Kipushi projects.
Ivanhoe said it would continue to examine other options like a corporate reorganization and a project spin-off. (Reporting by Euan Rocha; Editing by Lisa Von Ahn)
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- Probe: Athletes took fake classes at University of North Carolina
- Man arrested near Canada's prime minister in sign of tensions |
- Man arrested after jumping White House fence, causing lockdown
- U.S.-led air strikes killed 521 fighters, 32 civilians in Syria: monitor