With the eventual start of the reconstruction in Japan, Ivanhoe Mines (NYSE:IVN) Chief Executive Officer Robert Friedland said he's bullish on iron ore and copper prices in the near future.
"What happened in Japan is insanely bullish for copper," Friedland said at the Mines and Money conference in Hong Kong.
"I'm a copper bull, not really a gold bull," he added.
With damage to infrastructure and buildings estimated as high as $308 billion, it'll take years for Japan to rebuild, and it's sure to be a boon to the two commodities when combined with ongoing demand from China, and to a lesser extent, India.
More than likely it'll also extend the ongoing bull market beyond the years it was expected to last. It's anyone's guess now as to the length of time some raw materials will continue to rise in price.
Ivanhoe closed Tuesday at $26.36, gaining $0.28, or 1.07 percent.
Showing posts with label Robert Friedland. Show all posts
Showing posts with label Robert Friedland. Show all posts
Wednesday, March 23, 2011
Monday, March 7, 2011
Ivanhoe (IVN) Says 'Hi Ho Silver' at Oyu Tolgoi
While most investors know about the copper and gold reserves at Ivanhoe Mines' (NYSE:IVN) Oyu Tolgoi project in Mongolia, it extent of the silver reserves at the mine haven't been talked about much, until now.
According to Ivanhoe Chief Executive Robert Friedland, the project should produce an average of 3 million ounces of silver a year at the mine.
Friedland said, "The buoyant global silver market has fueled the interests of investors and has prompted us to more widely circulate the projections for silver production.
"Oyu Tolgoi will rank as a very substantial silver producer when commercial production begins in 2013."
Over the 27-year life of the mine, the miner said Oyu Tolgoi should produce about 78 million ounces of silver.
The company has said in the past that annual production of copper willl come in at 1.2 billion pounds, and gold at 650,000 ounces. Also being mined will be molybdenum.
Ivanhoe owns a 66 percent stake in the project, while the Mongolian government owns the rest. Rio Tinto (NYSE:RIO) has a 48.4 percent stake in Ivanhoe.
According to Ivanhoe Chief Executive Robert Friedland, the project should produce an average of 3 million ounces of silver a year at the mine.
Friedland said, "The buoyant global silver market has fueled the interests of investors and has prompted us to more widely circulate the projections for silver production.
"Oyu Tolgoi will rank as a very substantial silver producer when commercial production begins in 2013."
Over the 27-year life of the mine, the miner said Oyu Tolgoi should produce about 78 million ounces of silver.
The company has said in the past that annual production of copper willl come in at 1.2 billion pounds, and gold at 650,000 ounces. Also being mined will be molybdenum.
Ivanhoe owns a 66 percent stake in the project, while the Mongolian government owns the rest. Rio Tinto (NYSE:RIO) has a 48.4 percent stake in Ivanhoe.
Wednesday, September 29, 2010
Ivanhoe (NYSE:IVN) Shares Jump on Mineralization Find
Shares of Ivanhoe Mines Ltd. (NYSE:IVN) soared after they announced the discovery of a mineralized zone of gold and copper 1 kilometre long at its prolific Oyu Tolgoi project in Mongolia.
Consequently, the original estimates of copper and gold could be much larger than thought.
"To intercept almost one kilometre of copper and gold mineralization in a new drill hole is a remarkable development," Executive Chairman Robert Friedland said in a statement.
If this is close to the norm in the mine, the value of it could be astronomical, although that of course has to be proven.
Either way, Ivanhoe and partner Rio Tinto (NYSE:RTP) are sitting on billions worth of minerals.
Production will begin on the mine in the latter part of 2012.
Ivanhoe closed at $24.25 in New York, gaining $1.23, or 5.30 percent.
Consequently, the original estimates of copper and gold could be much larger than thought.
"To intercept almost one kilometre of copper and gold mineralization in a new drill hole is a remarkable development," Executive Chairman Robert Friedland said in a statement.
If this is close to the norm in the mine, the value of it could be astronomical, although that of course has to be proven.
Either way, Ivanhoe and partner Rio Tinto (NYSE:RTP) are sitting on billions worth of minerals.
Production will begin on the mine in the latter part of 2012.
Ivanhoe closed at $24.25 in New York, gaining $1.23, or 5.30 percent.
Monday, August 9, 2010
Ivanhoe's (NYSE:IVN) Friedland Marketing Up the Company
It's no secret Ivanhoe (NYSE:IVN) is looking for even more financing for its Oyu Tolgoi mine in Mongolia, and Ivanhoe Chairman Robert Friedland has been seen a lot in the news lately letting people know about the incredible project they have in Oyu.
He's been making some interesting comments a la Richard Branson to get the Ivanhoe brand stuck in the minds of potential investors.
Even though he was joking, and in reality probably marketing, Friedland made a comment which made the Oyu Tolgoi mine look like it was valued at trillions of dollars, rather than the approximate $16 billion it is known to be worth.
He also mentioned copper outperforming gold recently, citing the dubious claim that 20 years from now cars are going to be electric, and those cars will need copper for the batteries. That was the hook though, the reality is copper will continue to be in high demand over the next 20 years, and that will have nothing to do with electric cars.
Friedland of course knows this, but he is doing the stir the imagination thing in order to have people associate that with Ivanhoe.
But as far as copper outperforming gold, that would have be on enormous volume, as gold prices will shoot up as soon as the U.S. government or Federal Reserve start do their quantitative easing thing, or printing of money. Rumors are they're moving closer and closer to that in light of the economy stalling and elections coming soon.
Seeing that hasn't worked in the past, and we've never left the recession, unless you think the government throwing money into the economy is a real recovery.
That's why there haven't been any jobs created, the private sector is for the most part doing little or no hiring, and then we hear the news reports of the "unexpected" this and "unexpected" that, when talking about economic news that didn't meat expectations.
For Ivanhoe, once production begins at Oyu Tolgoi, you'll see their stock price shoot up even more, as much of this is in anticipation of the money generating real revenue and profits, and not just potential. They're already up over double the last twelve months, and I think Friedland is trying to create interest in order to land the needed partners to forge ahead and work the extraordinary mine.
He's been making some interesting comments a la Richard Branson to get the Ivanhoe brand stuck in the minds of potential investors.
Even though he was joking, and in reality probably marketing, Friedland made a comment which made the Oyu Tolgoi mine look like it was valued at trillions of dollars, rather than the approximate $16 billion it is known to be worth.
He also mentioned copper outperforming gold recently, citing the dubious claim that 20 years from now cars are going to be electric, and those cars will need copper for the batteries. That was the hook though, the reality is copper will continue to be in high demand over the next 20 years, and that will have nothing to do with electric cars.
Friedland of course knows this, but he is doing the stir the imagination thing in order to have people associate that with Ivanhoe.
But as far as copper outperforming gold, that would have be on enormous volume, as gold prices will shoot up as soon as the U.S. government or Federal Reserve start do their quantitative easing thing, or printing of money. Rumors are they're moving closer and closer to that in light of the economy stalling and elections coming soon.
Seeing that hasn't worked in the past, and we've never left the recession, unless you think the government throwing money into the economy is a real recovery.
That's why there haven't been any jobs created, the private sector is for the most part doing little or no hiring, and then we hear the news reports of the "unexpected" this and "unexpected" that, when talking about economic news that didn't meat expectations.
For Ivanhoe, once production begins at Oyu Tolgoi, you'll see their stock price shoot up even more, as much of this is in anticipation of the money generating real revenue and profits, and not just potential. They're already up over double the last twelve months, and I think Friedland is trying to create interest in order to land the needed partners to forge ahead and work the extraordinary mine.
Thursday, July 1, 2010
Ivanhoe Mines (NYSE:IVN) Confirms Economic Viability of Kyzyl Gold Project
Ivanhoe Mines (NYSE:IVN) presented some more good news for the company, as a new, independent pre-feasibility study has confirmed the Kyzyl Gold Project in northeastern Kazakhstan is economically viable.
Altynalmas owns 100 percent of the Kyzyl Gold Project, while Ivanhoe owns 50 percent of Altynalmas.
Executive Chairman Robert Friedland and CEO David Woodall made the announcement at the Kazakhstan International Mineral and Metallurgy Congress in Astana, Kazakhstan.
Their press release included this:
"The Study and National Instrument 43-101-compliant Technical Report (NI
43-101) prepared by Scott Wilson Ltd., of London, England, is based on an underground mining operation producing an average of 368,000 ounces of gold per year during an initial mine life of up to 10 years.
"The Study states that the economics supporting Mineral Reserves have been established. The current drilling program converting Mineral Resources to Mineral Reserves has been very successful, ensuring confidence in the Life-of-Mine Sensitivity Case, with a potential, extended mine life of up to 16 years with the presently estimated Indicated and Inferred Mineral Resources. Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them that would allow them to be categorized as Mineral Reserves, and there is no certainty that the Life-of-Mine Sensitivity Case will be realized."
Altynalmas owns 100 percent of the Kyzyl Gold Project, while Ivanhoe owns 50 percent of Altynalmas.
Executive Chairman Robert Friedland and CEO David Woodall made the announcement at the Kazakhstan International Mineral and Metallurgy Congress in Astana, Kazakhstan.
Their press release included this:
"The Study and National Instrument 43-101-compliant Technical Report (NI
43-101) prepared by Scott Wilson Ltd., of London, England, is based on an underground mining operation producing an average of 368,000 ounces of gold per year during an initial mine life of up to 10 years.
"The Study states that the economics supporting Mineral Reserves have been established. The current drilling program converting Mineral Resources to Mineral Reserves has been very successful, ensuring confidence in the Life-of-Mine Sensitivity Case, with a potential, extended mine life of up to 16 years with the presently estimated Indicated and Inferred Mineral Resources. Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them that would allow them to be categorized as Mineral Reserves, and there is no certainty that the Life-of-Mine Sensitivity Case will be realized."
Monday, June 14, 2010
Ivanhoe Mines (NYSE:IVN): Miner of the Future?
Ivanhoe Mines (NYSE:IVN) may have positioned themselves as one of the top mining companies of the future, as their stake in the copper-gold mining project Oyu Tolgoi in Mongolia, ensures them a place among the top mining companies at minimum, and potential to be among the largest.
The extraordinary production numbers projected by the company through 2040, are an average of 540,000 tons of copper and 670,000 ounces of gold, starting in 2013, through the estimated 27-year life of the mine.
With proven reserves, it's hopeful the cost of financing the operation will kept to a minimum through the years, and that Ivanhoe retains solid leadership in the company.
Executive chairman Robert Friedland has said in the past that the mine could rank among the top several in the world, including legendary mines Escondida and Grasberg.
Those looking for a long-term play in the mining sector probably won't get a better company than Ivanhoe, as there's simply no known mine out there with the reserves in copper and gold for the period of time mentioned, taking into account other large mines already being operational and having resources extracted from them.
Ivanhoe is a company that must be closely watched, as it's sure to explode upwardly in price as production gets closer to launch.
The extraordinary production numbers projected by the company through 2040, are an average of 540,000 tons of copper and 670,000 ounces of gold, starting in 2013, through the estimated 27-year life of the mine.
With proven reserves, it's hopeful the cost of financing the operation will kept to a minimum through the years, and that Ivanhoe retains solid leadership in the company.
Executive chairman Robert Friedland has said in the past that the mine could rank among the top several in the world, including legendary mines Escondida and Grasberg.
Those looking for a long-term play in the mining sector probably won't get a better company than Ivanhoe, as there's simply no known mine out there with the reserves in copper and gold for the period of time mentioned, taking into account other large mines already being operational and having resources extracted from them.
Ivanhoe is a company that must be closely watched, as it's sure to explode upwardly in price as production gets closer to launch.
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