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Nov 26 (Reuters) - South African police fired rubber bullets on Wednesday to disperse a stone-throwing crowd which blocked a road to a platinum mine being developed by Canadian mining company Ivanhoe Mines in the northern Limpopo province, police said. Three people were arrested after some 300 to 400 people blockaded the road with rocks and tires and started to throw stones at police, Mahwelereng police spokesman Steve Mabuza said. One woman was slightly injured. In a statement, Ivanhoe said about 100 people had gathered after organizers falsely told local residents that the company would be recruiting workers for construction at the site. It blamed "a number of known troublemakers" for the clashes near the $1.5 billion Platreef platinum project and said it was confident that an "overwhelming majority" of people in communities around the project support the planned mine. Ivanhoe, whose chairman is flamboyant mining promoter Robert Friedland, this month received final approval from the South African government to resume development of the underground mine. The Platreef project is 64 percent owned by Ivanhoe and 10 percent owned by a Japanese consortium of Itochu Corporation; ITC Platinum, an Itochu affiliate; Japan Oil, Gas and Metals National Corporation; and Japan Gas Corporation. A trust representing 20 nearby communities holds a 20 percent stake. (Reporting by Nicole Mordant in Vancouver; Editing by Richard Chang)
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Ivanhoe Mines Ltd.
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PRODUCER |
CODE : IVN.TO |
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CUSIP : 46579N 103 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Ivanhoe Mines is a gold and copper development stage company based in Singapore. Ivanhoe Mines produces gold, copper, iron in Australia and in Kazakhstan, develops copper and gold in Mongolia, and holds various exploration projects in Australia. Its main assets in production are SAVAGE RIVER in Australia and BAKYRCHIK in Kazakhstan, its main asset in development is OYU TOLGOI in Mongolia and its main exploration properties are MONYWA in Myanmar and CLONCURRY in Australia. Ivanhoe Mines is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 12.7 billions as of today (US$ 10.1 billions, € 8.9 billions). Its stock quote reached its lowest recent point on January 29, 2016 at CA$ 0.53, and its highest recent level on March 28, 2024 at CA$ 16.16. Ivanhoe Mines has 785 229 952 shares outstanding. |