Business
Ivanhoe Mines Responds to The Sentry Report and Globe and Mail Article Impugning Ivanhoe's Business Conduct in the Democratic Republic of Congo
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2022) - Ivanhoe Mines (TSX: IVN) (OTC...
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[{"type":"text","content":"Ivanhoe Mines Responds to The Sentry Report and Globe and Mail Article Impugning Ivanhoe's Business Conduct in the Democratic Republic of CongoVancouver, British Columbia--(Newsfile Corp. - December 19, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) has issued this response today to a misleading and sensationalist \"report\" from an activist organization based in the United States, called The Sentry (Sentry), and an associated article in the Canadian Globe and Mail newspaper.The Sentry report, and a subsequent story by Globe and Mail reporter Geoffrey York that was published on December 15, 2022, include incomplete, selective and speculative content pertaining to Ivanhoe Mines' business activities in the Democratic Republic of Congo (DRC), and mineral exploration investments on its Western Foreland Exploration Project. Both reports are irresponsibly framed to infer or theorize that some form of corporate malpractice involving Ivanhoe's Western Foreland Exploration Project took place. However, they lack any tangible evidence that misconduct occurred. The Sentry report attempts to frame a series of corporate transactions in a way that could mislead readers into believing that Ivanhoe Mines participated in some form of corporate malfeasance. The Sentry report resorts to the use of qualifying phrases, including \"it appears\", and \"concerns of corruption\" while stating that it \"could not conclusively indicate\" that certain events did take place. Publishing unsubstantiated \"reporting\", or frankly misinformation, represents a broad risk to Canadian companies that have worked collaboratively with a variety of multinational partners to build industry-leading operations for the benefit of shareholders, host governments, employees and local communities. It is also of great disservice to the DRC and its citizens, who have made significant strides in recent years in increasing responsible, foreign direct investment and advancing the DRC's pivotal role in the development and production of strategic metals that benefit the global economy.The Globe and Mail participated in publishing speculative claims giving Sentry's inconsistent research major, unwarranted amplification, despite clearly not conducting much of its own research on the validity of many elements of the Sentry report before publication. It should be noted that except for t...