Ivanplats CEO Friedland Studying Stock Listing in Johannesburg
“We have come here as foreign investors and now we are thinking of listing in Johannesburg,” Friedland, chairman of the company, said today at a conference in Cape Town. “Our old idea was to rush straight to the London stock exchange but having been here with our investors we think perhaps starting with a listing here as a second listing, may be more appropriate.”
Friedland’s Ivanplats last year sold C$300.8 million ($302 million) of stock in Canada’s biggest mining initial public offering since 2010. Ivanplats is studying development of three assets; a platinum project in South Africa, reopening a mothballed copper-and-zinc mine in the Democratic Republic of Congo as well as the Kamoa copper project in the conutry.
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