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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (1005)	4/17/2013 9:49:02 PM
From: Goose94	Read Replies (2) \| Respond to of 203020

Ivanplats (IVP-T) Kamoa unaffected by DRC decree April 17, 2013 - News Release Ivanplats Ltd. is providing the following statement in response to questions received following the publication in international media of comments attributed to the Mines Minister for the Democratic Republic of Congo. Ivanplats's planned development of its Kamoa copper discovery would not be negatively impacted by a reported decree, signed by two cabinet ministers of the Democratic Republic of Congo, to prohibit exports of cobalt and copper concentrates. Ivanplats will seek clarification of the comments attributed to the DRC's Mines Minister, Martin Kabwelulu, in which the minister reportedly stated that mining companies will be required to add value to concentrates through further processing within three months. Based on information presently available, such a reported new policy, if eventually confirmed and detailed under law, will not affect Ivanplats's Kamoa project. Investors should note the following relevant considerations, as previously reported by Ivanplats in its Kamoa technical report and other disclosure documents filed on the SEDAR website: Ivanplats's Kamoa project is approximately three years away from its planned initial production of copper concentrate. Ivanplats's development plans have always included what would become the DRC's first smelter, which would produce an upgraded product other than concentrate, plus sulphuric acid that is required by the domestic Congolese copper industry to process oxide copper concentrate. The DRC's mining code presently permits the export of concentrate if the export can be shown to be beneficial to the DRC and also with the payment of applicable taxes to the DRC government.