IVN
🇨🇩 The M23 rebel group has expanded its control in North Kivu, Congo, near the border with Rwanda, causing regional instability.
⛏️ Ivanhoe Mines’ operations are not currently affected, as their logistics route bypasses the conflict zone.
🤝 BMO organized private meetings with institutional investors, reassuring them that the conflict has not impacted Ivanhoe’s operations.
🛡️ The company’s BC mine is geographically protected by dense jungle and mountains, making access difficult for potential disruptions.
@Academiadeinversion:
“Regarding how this will evolve, nobody has any idea. It is an extremely volatile situation. These are unprofessional armies. You shouldn’t imagine this like the war in Ukraine. In the end, it’s just four guys with AKs and four trucks and armored cars. There aren’t any big tanks or great artillery here. How will it evolve? We don’t know if it will split, if they will create the Republic of Kivu as a separate part, if they will annex it to Rwanda, if they will simply back down by sending reinforcements, or if there will be international pressure with more UN troops. Nobody knows. It’s a very volatile and complicated situation with ethnic and logistical issues. In the end, these are uninhabited jungle areas. There are no roads. Calling what’s there a road is quite optimistic. Therefore, nobody really knows for certain. What ultimately matters to us is what effects it will have on the mines. For now, none, because it is an area where there are no large industrial mines. Ivanhoe’s, for example, are in Buen Kisafu. Glen’s are in Katanga, which is in the south of the country. That’s quite far away. The only large industrial one nearby is BC, Al Famin’s, and they haven’t made a release. The company hasn’t made a public release. Given the massive pressure from funds, they have held private meetings organized by BMO, the Bank of Montreal, to ask about the situation. Basically, they were told that it hasn’t affected them at all. Their route goes north through Kisangani, veering to the right through Uganda, completely avoiding the conflict. Logistics continue as always. That’s why they haven’t made a release or anything, even though people are very scared. The reality is that they haven’t been advancing towards Al Famin for a long time because, if you go south, it’s a lake, a well-connected area where the cities are. Towards the BC area, there is absolutely nothing. The jungle becomes much denser, and it’s all mountains. It’s almost impossible to access by land. Therefore, I don’t think anything will happen, and I see the possibility as almost nil due to the orography. It’s quite crazy. Everyone who has visited has told me that it’s unimaginable for the mind of a Western European to see the site where it’s built and how it’s surrounded by steep mountains and jungle. It seems like something out of a movie. That’s why building it was also the odyssey that it was. I don’t think it will affect the logistics. It passes very, very far away, through the north of the Congo, and exits through Uganda. There hasn’t been any disruption, and it doesn’t seem like there will be. As for the conflict itself, we’ll see how it evolves, but for now, the mines are all quite safe.”
Watch the exact part of the video where Adrián talks about Ivanhoe Mines here:
Watch the video on YouTube.
Read more articles featuring the most recent analysis of Ivanhoe Mines (IVN) at this link: IVN stock.
