Ivanhoe Mines and Gécamines to form joint venture named Kipushi.

Ivanhoe Mines, a Canadian mining company, and Gécamines, a Congolese commodity trading and mining company, agreed to form joint venture named Kipushi, an underground mine. Financial terms were not disclosed. “We are delighted to execute the joint-venture agreement with our long-term partners at Gécamines. Together we will make Kipushi great again! Kipushi is an extraordinary mineral endowment, holding not only the world’s richest zinc orebody, but also significant quantities of copper, lead, silver, germanium and gallium. Kipushi is another great example of the unparalleled opportunities in the DRC for mineral development. There is no better place on our planet to build a mine. This makes the Central African Copperbelt and high-grade mines, like Kipushi and Kamoa-Kakula, strategically important worldwide … especially in light of the increasing fragmentation of supply chains and the growing demand for low-carbon-intensive strategic minerals," Robert Friedland, Ivanhoe Mines Founder and Executive Co-Chairman.