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Johannesburg, South Africa--(Newsfile Corp. - March 4, 2025) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland announced today that Mr. Jinghe Chen, Chairman of Zijin Mining Group Co. Ltd., has stepped down from Ivanhoe's the board of directors and has been replaced with the appointment of Dr. Chun (James) Wang, Vice President of Overseas Operations for Zijin Mining.
Mr. Chen has served on Ivanhoe Mines' board of directors since 2019, following the strategic investment by Zijin Mining into Ivanhoe Mines and the forming of the Kamoa Copper joint venture in 2015. Dr. Wang replaces Mr. Chen on the board of directors, effective March 1, 2025.
Ivanhoe Mines Executive Co-Chair, Robert Friedland commented:
"I would like to thank Chairman Chen for his wisdom, support and unwavering dedication in shaping the Kamoa-Kakula Copper Complex and building Ivanhoe Mines into the world-class mining company it is today.
"With a true geologist's instinct, Chairman Chen and I shared in 2015 a recognition of the scale, quality and scarcity of the Kamoa orebody … as well as the potential to make a seismic copper discovery at Kakula over the years that followed. What has transpired since has surpassed all expectations. Together we have successfully delivered, ahead of schedule, the 3 Phases of Kamoa-Kakula… making it the fastest growing, highest-grade, lowest carbon-emitting major copper producer on our planet.
"Mr. Chen's legacy is etched into the foundations of our success, and we wish him health, happiness and success as he continues to drive Zijin forwards as one of the world's largest mining companies.
"We welcome Dr. James Wang onto our board of directors and we look forward to continuing our relationship with the same spirit of cooperation and shared vision for our bright future together."
Mr. Chen's industry expertise and unwavering dedication has been constant throughout his tenure on Ivanhoe Mines' board of directors. Mr. Chen played a vital role in several milestone achievements, including the successful completion of Phases 1, 2 and 3 of the Kamoa-Kakula Copper Complex. His contribution was particularly significant in the completion of Africa's largest and greenest copper smelter at Kamoa-Kakula. His strategic vision and commitment to operational excellence have significantly enhanced shareholder value and strengthened Ivanhoe's global role as a major metals producer.
Ivanhoe Mines extends our sincere appreciation to Mr. Chen for his service and wish him continued success in his future pursuits. As Chairman of Zijin Mining, Mr. Chen will dedicate his attention to continuing to guide Zijin Mining's strategic vision and the ongoing growth of its portfolio.