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Miners slop through the mud looking for fine granular copper at an old copper mine in the village of Kawama near the city of Lubumbashi in the Democratic Republic of Congo, May 8, 2012.
Miners slop through the mud looking for fine granular copper at an old copper mine in the village of Kawama near the city of Lubumbashi in the Democratic Republic of Congo, May 8, 2012.
(John Lehmann/The Globe and Mail)

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Financing burden still the unknown for Ivanplats

The latest resource estimates for Ivanplats Ltd.’s massive copper mine in the Democratic Republic of Congo doubled the expected amount of metal in the ground, but the news did little to encourage investors.

Instead, they’re more concerned with the lingering question of whether the miner will get the funding needed to develop its flagship Kamoa project.