Ivanhoe Mines has retained BMO Capital Markets Ltd and Morgan Stanley & Co as financial advisers to conduct a strategic review of its Kamoa and Kipushi copper projects in the Democratic Republic of Congo (DRC). Vancouver, British Columbia-based Ivanhoe, headed by well known mining financier Robert Friedland, said on Monday that the strategic review would initially focus on the potential introduction of third-party strategic investors or joint-venture parties for the Kamoa and Kipushi projects.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS traded higher by 0.16% or $0.05/share to $32.22. In the past year, the shares have traded as low as $25.25 and as high as $33.60. On average, 8631260 shares of MS exchange hands on a given day and today's volume is recorded at 9458286.
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