Ivanhoe’s journey of discovery and development during his discovery of level 1 Platreef palladium-platinum-nickel-copper-rhodium-gold also marks his 27th anniversary The co-chairs of Ivanhoe Mines, Robert Friedland and Yufeng “Miles” Sun, congratulate the people of South Africa on achieving 27 years of peace, freedom and democracy. It was on this day in 1994 that South Africa held its first multiracial general election, marking …
Ivanhoe’s journey of discovery and development during his discovery of level 1 Platreef palladium-platinum-nickel-copper-rhodium-gold also marks his 27th anniversary
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun congratulate the people of South Africa on their 27 years of peace, freedom and democracy. It was on this day in 1994 that South Africa held its first multiracial general election, marking the end of apartheid.
“Today, on Freedom Day, we celebrate with the great South African people their extraordinary journey of freedom, reconciliation and democracy,” said Friedland.
“We also salute the intrepid pioneers of Ivanhoe Mines, who in 1994 began our remarkable journey of exploration in southern Africa which ultimately culminated in the discovery of the Level 1 Platreef and Kamoa-Kakula deposits.
“Shortly after the liberation of the South African people on this historic day in 1994, the company that preceded Ivanhoe Mines took pride in holding the current New Order mining rights to explore the Platreef Project. After many years of exploration and an astronomical amount of drilling, we have delineated one of the world’s largest deposits of high-grade platinum group metals, nickel and copper, and are now positioned to release the soon-to-be-released. global potential of Platreef.
“Our efforts to develop the Platreef mine are led by courageous women and men, many of whom have gone to great lengths in the struggle for freedom. They also helped shape Platreef’s large-scale black economic empowerment initiative, designed to deliver significant social and economic benefits to its participants, especially men, women and children in local communities. As we dream of the future, we must never forget our past. ”
Kgalema Motlanthe, Former President and Vice President of South Africa, and Director of Ivanhoe Mines, said: “27 years ago today, South Africans of all walks of life, color and creed were waiting in long queues to vote. For the majority of them, it was their first opportunity to participate in the democratic process. This occasion was full of possibilities and the world was waiting to see the dawn of democracy in South Africa.
“The occasion was remarkable for the peaceful manner in which the intractable problems of apartheid and racial discrimination were put aside and all parties moved forward as one people. In the euphoria of the democratic regime of 1994, many of those who had suffered for a long time expected these problems to be resolved quickly. However, the past 27 years have shown that these are stubborn systemic problems that are not ripe for simple solutions.
“It is significant to note that 27 years equals the number of years Madiba spent in prison. Thus, in order to actualize the promise of this wonderful day of 27 years ago, a concerted effort must be made in its honor to create a State capable, professional and efficient to rally and mobilize the human and capital resources of the whole world.
Marna Cloete, President and Chief Financial Officer of Ivanhoe, added: “The diversity and inclusion of our executive committee and the entire company faithfully reflects our rich South African culture which always strives for unity and freedom in our daily life. ”
About Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three main joint venture projects in Southern Africa: the development of new major mechanized underground mines at the Kamoa-Kakula copper discoveries in the DRC and at Platreef palladium-platinum-nickel – discovery of copper-rhodium-gold in South Africa; and the extensive redevelopment and upgrade of the historic Kipushi zinc-copper-germanium-silver mine, also in the DRC.
Kamoa-Kakula is expected to start producing copper in July 2021 and, through gradual expansions, is able to become one of the largest copper producers in the world. Kamoa-Kakula and Kipushi will be powered by clean, renewable hydroelectric power and will be among the lowest emitters of greenhouse gases in the world per unit of metal produced. Ivanhoe is also exploring new copper discoveries on its wholly-owned exploration licenses for Western Foreland in the DRC, near the Kamoa-Kakula project.
Investors: Bill Trenaman +1.604.331.9834 / Media: Matthew Keevil +1.604.558.1034
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/81838