Ivanhoe Nickel & Platinum, the African-focused metals explorer controlled by financier Robert Friedland, said on Wednesday it had made a copper discovery "of historic importance" in the Democratic Republic of Congo.
In a statement obtained by Reuters at the CRU/CESCO copper conference in Santiago, Friedland said drilling had uncovered "laterally continuous, sediment-hosted, high-grade stratiform copper mineralization in a newly discovered copper district that forms a previously unrecognized western extension of the famous Central African Copper Belt."
The Central African Copper Belt is host to several world-class
properties, including Freeport-McMoRan's Tenke-Fungurume deposit.
Friedland said the company is in confidential discussions with "a
carefully selected number of the world's leading, private and state-owned
international mining companies" to form a partnership to develop the
project.
Friedland is best known for discovering the massive Voisey's Bay nickel
deposit in eastern Canada. He also controls Ivanhoe Mines, which
is developing the massive Oyu Tolgoi copper/gold deposit in Mongolia in
partnership with Rio Tinto.
Source: Reuters
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