Ivanplats doubles vast copper resource at Kamoa in DRC

摘要

Robert Fried-land's latest venture looks to be following a familiar template. On Jan. 17, Vancouver-based Ivan-plats (IVP-T) updated the resource estimate on its Kamoa copper discovery in the Democratic Republic of the Congo, boosting resources by 115% while maintaining superior grades that place it amongst the world's largest undeveloped copper prospects. Located 270 km west of Lubum-bashi in the country's southeast, Kamoa is a large, sediment-hosted stratiform copper deposit in the Central African Copperbelt. Ivan-plats owns 95% in the project, though the company will sell an additional 15% to the DRC government to satisfy domestic ownership demands.