Africa-focused miner Ivanplats mulls secondary listing in Johannesburg.

By bne IntelliNews February 7, 2013
Africa-focused mining company Ivanplats, which is listed on the Toronto Stock Exchange (TSX), is considering a secondary listing on the Johannesburg Stock Exchange (JSE), BDay Live reported, quoting its chairman and founder, billionaire Robert Friedland. Ivanplats had initially planned a secondary listing in London, but it was now thinking about a listing in Johannesburg, which may be more appropriate, Friedland was quoted as saying at the Mining Indaba in Cape Town. Ivanplats raised some CAD 300mn on the TSX last year in the largest IPO of a mining company since 2010. The company owns the high-grade Kamoa copper deposit in the Democratic Republic of Congo (DRC), the massive Platreef platinum, gold and copper project in South Africa, the Kipushi zinc and copper asset in Congo, as well as other assets spread across Congo, South Africa, Gabon and Australia. Friedland is one of the mining industry's best-known entrepreneurs, having spotted the potential of some of the world's biggest deposits.

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