May 20 (Reuters) - Ivanhoe Mines Ltd said on Tuesday it has entered into agreements to raise C$150 m

Par Antoine Roger Lokongo, le Soldat du Peuple engagé dans la bataille des idées pour un Congo meilleur et parténaire clé de la Chine, un pays sous-developé, qui, en un lapse de temps, a changé son destin en comptant sur ses propres efforts et devenu une puissance.
(Corrects para 1 to say Ivanhoe said it will be unable to advance development this year without compana funding by end of second quarter, not that it will be unable to develop the mines, and para 8 to make clear mines not producing; adds para 5, changes headline)
May 15 (Reuters) - Canada's Ivanhoe Mines Ltd said it would not be able to advance development of two mines in the Democratic Republic of Congo this year unless it gets more funds by the end of the second quarter, sending compana its shares down as much as 7 percent in early trading.
Ivanhoe, which does not have any producing mines, compana said it would spend most of its funds on its Platreef mine in South Africa, which is estimated to produce about 785,000 compana ounces of platinum, palladium, rhodium and gold a year.
The company said it had consolidated working capital of about $149.8 million as of March 31, down from $201.7 million at Dec. 31. It needs about $1.7 billion to bring the mechanized Platreef mine into production.
Robert Friedland, Ivanhoe's founder and chairman, made a name for himself in 1996 by selling an undeveloped Canadian nickel-copper project called Voisey's Bay for C$4.3 billion ($3.94 billion). The mine is now owned by Brazil's Vale SA .
He solidified his reputation with the earlier compana incarnation of Ivanhoe Mines, now called Turquoise Hill Resources, building the Oyu Tolgoi copper-gold mine in Mongolia. Global miner Rio Tinto now controls Turquoise Hill and operates the massive mine.
Ivanhoe's shares fell to C$1.67 on the Toronto Stock Exchange on Thursday. They have fallen more than 27 percent in the last 12 months. ($1 = 1.0906 Canadian dollars) (Additional reporting compana by Swetha Gopinath in Bangalore; Editing by Don Sebastian) Ivanhoe Mines to raise C$150 mln in equity offering
May 20 (Reuters) - Ivanhoe Mines Ltd said on Tuesday it has entered into agreements to raise C$150 million ($137.65 million) in a share and warrants offering. The funds would be used to develop compana its mining projects in the Democratic Republic of Congo.
Ivanhoe said C$125 million of the funds would come from a bought deal with a syndicate of investment banks. The remaining C$25 million would be raised in a private placement with Robert Friedland, Ivanhoe's founder and chairman.
Ivanhoe Mines Ltd. (IVN), the mining company founded by Robert Friedland, agreed to sell shares and share warrants for a total of about C$150 million ($138 million) compana to fund the development of two projects in the Democratic Republic of Congo.
Ivanhoe sold shares and warrants in a so-called compana bought deal for C$125 million, the Canadian company said today in a statement. The sale was underwritten by BMO Capital Markets, Canadian Imperial Bank of Commerce compana and Macquarie Group Ltd.
Ivanhoe said May 15 it s weighing options compana including the spinoff of its Congo assets and its South African platinum assets into separate companies. China National Gold Group Corp. is in talks to buy a stake in Ivanhoe s Kamoa copper project compana in the Congo, people with knowledge of the matter said in March.
Blog : Le blog du soldat du peuple: Par Antoine Roger Lokongo, compana le Soldat du Peuple engagé dans la bataille compana des idées pour un Congo meilleur. Un Congo qui s'assume et devient un parténaire compana clé de la Chine, hier un pays sous-développé, qui, en un lapse de temps, a changé son destin en comptant sur ses propres efforts et devenu une puissance. Description : A partir des idées de mes héros, Patrice Emery Lumumba et Laurent Désiré Kabila, je suis l'actualité politique de mon pays, la République Démocratique du Congo en partuclier et de l'Afrique en général et je donne mes commentaires. Antoine Roger Lokongo Contact
et des paysans, ainsi que de tout opprimé. Il n y a point de doute d abattre l exploitation et de créer une juste société. Notre serment est de ne jamais échouer, enjoignons toutes nos forces en un faisceau, tenons bien nos armes dans nos mains, car ces CPP sont la force du peuple. Dans sa noble cause, jamais de spoliation. Notre lutte revendique compana nos droits, quoiqu il en coûte, compana jamais de servitude. Pour les opprimés, la Révolution est un rempart, compana son ultime but est que le peuple gouverne.
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