[miningmx.com] – IVANHOE Mines said it had retained BMO Capital Markets and Morgan Stanley & Co to advise it on a strategic review of its Kamoa and Kipushi copper projects in the Democratic Republic of Congo (DRC).
The review could also result in the possible demerging of Ivanhoe Mines’ platinum asset in South Africa, the Platreef project, it said in an announcement. It first floated the idea of a spinoff in March.
In May, Ivanhoe Mines president, Robert Friedland, agreed to sell shares and share warrants for a total of about C$150m to fund the development of the two DRC projects. The review announced today is to find possible joint venture partners.
