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clock Created with Sketch. 11/05/17
18:52
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Originally posted by Motley_71
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Where is the evidence that Glencore Ivanhoe own the Kasombo or Kipushi leases? From what I can see Ivanhoe are in JV with Gecamines for the old Kipushi mine & plant up to the point of the proper dam boundary, not the newer small plant or the Kasombo leases. Wouldn't Paragon still be in possession of the leases until JV fully executed so CFE wouldn't have these yet. Gecamines obviously still have an interest in the leases Paragon have and probably always will so they get their cut which seems to be how they like things to work in the DRC. Not sure where Glencore comes into it with regard to this project though, I can see they own other leases and not only that but I'm pretty sure DRC and Glencore (& some of the other larger companies) arent getting along due to lease sale disputes and they have or are moving their administration out of the DRC (News report on here somewhere about it). Glencore is a very large business and it's not surprising that Paragon & CFE arent known to them. Looking forward to the update. These leases & the plant are probably just a drop in a whole ocean to the larger companies, the ones they are mining are probably ten times the size, take a look at google earth, some of the mines are massive compared to what CFE will/would/could be doing, and due to the smallish nature of the leases they probably don't even waste their time, and possibly if they aren't going to mine it or haven't within a certain timeframe then maybe they have to relinquish it to the state (Gecamines), maybe their time had just expired, I don't know the intricacies of the DRC legal system or how their leases work or even what deals may have been done.
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