The MOU outlines how Ivanhoe Mines intends to co-develop prospective projects together in partnership with the Ministry of Mines, to ensure the long-term sustainable development of Zambia’s mineral resources, while providing a sustainable contribution to the Zambian economy and its communities. In parallel with the signing of the MOU, Ivanhoe Mines has applied for a significant exploration license package in Zambia, with adjudication and award targeted by year-end.

The MOU includes commitments by the Ministry of Mines to share information, identify prospective land packages, provide access to existing and new geological data collected by the Zambian Government (including the recently announced 750,000-km2 country-wide airborne geophysical survey), provide guidance and support in relation to the application of new licenses, as well as provide a stable and predictable fiscal and regulatory environment.