Congo shocker fells Ivanhoe Mines stock
Shares in Canada’s Ivanhoe Mines fell sharply on Wednesday after lawmakers in the Democratic Republic of Congo, where Ivanhoe is advancing two major projects, voted in favour of new mining laws that immediately lifts a provision which exempted licence holders from compliance with the new code for 10 years.
Ivanhoe Mines, headed by billionaire mining financier Robert Friedland, ended down 11.3% on the Toronto Stock Exchange on Wednesday, not far off its lows for the day.
cont. http://www.mining.com/congo-shocker-fells-ivanhoe-mines-stock/