Ivanhoe Mines's share price soared when it discovered new areas rich in copper in the Congo. [SMM translator] Ivanhoe Mines shares rose sharply when they discovered new areas rich in copper in the Democratic Republic of the Congo.

SMM11, 15 March: shares of Canadian mining company Ivanhoe Mines climbed Wednesday as it announced a mining license in its Kamoa-Kakula area in (DRC), Democratic Republic of the Congo and has defined two new ones. Areas of shallow and high grade copper mineralization. The company said the newly designated copper area occurred on the western side of Kamoa North's non-mineralized Kamoa Dome. The discovery, called Makoko, is Ivanhoe's third major copper discovery in the Democratic Republic of the Congo and the first of a number of high-potential target areas that the company's exploration team has identified for drilling tests. Ivanhoe Mines estimates that its flagship Kamoa-Kakula project, discovered in 2007, contains at least 45 million tons of pure copper, making it the fourth largest pure copper mine in the world. The company aims to extract 300000 tons of copper a year once the mine is operating at full capacity.

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