MOU outlines partnership for the sustainable development of Zambia’s world-class mineral resources

Ivanhoe Mines applying for new exploration rights in Zambia

Lusaka, Republic of Zambia–(Newsfile Corp. – September 10, 2024) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced today that on August 26, 2024, a memorandum of understanding (MOU) was signed with the Ministry of Mines and Minerals Development (Ministry of Mines) of the Government of the Republic of Zambia to support Ivanhoe Mines in commencing exploration activities in the country. The signing ceremony was attended by the Minister of the Ministry of Mines and Minerals Development, Hon. Paul Kabuswe MP, and Permanent Secretary Dr. Hapenga Kabeta, as well as members of Ivanhoe Mines’ senior management team.

The MOU outlines how Ivanhoe Mines intends to co-develop prospective projects together in partnership with the Ministry of Mines, to ensure the long-term sustainable development of Zambia’s mineral resources, while providing a sustainable contribution to the Zambian economy and its communities. In parallel with the signing of the MOU, Ivanhoe Mines has applied for a significant exploration licence package in Zambia, with adjudication and award targeted by year-end.

The MOU includes commitments by the Ministry of Mines to share information, identify prospective land packages, provide access to existing and new geological data collected by the Zambian Government (including the recently announced 750,000-km2 country-wide airborne geophysical survey), provide guidance and support in relation to the application of new licences, as well as provide a stable and predictable fiscal and regulatory environment.
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https://www.ivanhoemines.com/news-stories/news-release/ivanhoe-mines-announces-mou-with-government-of-zambia-to-facilitate-exploration-and-development-activities/