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Billionaire Friedland Weighs Strategic Partner for Congo Copper

  • BHP held early stage talks with Ivanhoe, 2021 reports said
  • Ivanhoe founder says outright sale of copper assets unlikely
Bloomberg business news
Friedland on Copper's 'Bureaucratic Oversight'

Ivanhoe Mines Ltd. founder Robert Friedland said he may bring in a minority partner to help develop Congolese copper assets that are key to the green energy transition.

The Vancouver-based company is in discussions with potential partners, including sovereign investors, as countries seek stable supplies of the metal, Friedland said. But Ivanhoe will only enter partnerships that bolster the growth plans of its flagship Kamoa-Kakula mine in the copper-rich Democratic Republic of Congo, the billionaire said.