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Ivanhoe plotting Platreef financing

Ivanhoe Mines (CN:IVN) has appointed bankers to help round up the first part of US$1 billion needed to build its 64%-owned Platreef project in South Africa.

Ivanhoe plotting Platreef financing Ivanhoe plotting Platreef financing Ivanhoe plotting Platreef financing Ivanhoe plotting Platreef financing Ivanhoe plotting Platreef financing

Robert Friedland picked the banks after meetings in London this month

This step comes ahead of Ivanhoe releasing the definitive feasibility study, expected before the end of the quarter.

Platreef will eventually be a 12-million-tonne-per-annum mine, producing 1.