Seeking Alpha

Ivanhoe Mines hires banks in strategic review of Congo copper projects

  • Ivanhoe Mines (OTCPK:IVPAF) has hired BMO and Morgan Stanley as financial advisers to conduct a strategic review of its Kamoa and Kipushi copper projects in the Democratic Republic of Congo in an effort to find third-party strategic investors or joint venture parties.
  • Ivanhoe says it will continue to examine other options such as a corporate reorganization and a project spinoff.
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