In October 2012, the company held an IPO on the Toronto Stock Exchange, raising $300 million, and valuing the company at $2.5 billion. In August 2013 the company changed its name to Ivanhoe Mines, taking advantage of Friedland's right to that name. In 2015, Ivanhoe sold half of its interest in the Kamoa copper project to
Zijin Mining Group, a Chinese mining company, for US$412 million. In April 2017 Ivanhoe announced it had confirmed the new Kakula West discovery in the
Democratic Republic of Congo. Reported assays returned 8.86 metres grading 5.83%
copper that included a higher grade intercept of 6.17 metres grading 6.84%
copper. The discovery extended the Kakula along a confirmed strike length of 6.8 kilometres. In January 2019, Ivanhoe Mines reported an unprecedented 22.3-metre intersection of 13.05% copper in a shallow, flat-lying discovery at the Kamoa North Bonanza Zone on the Kamoa-Kakula mining licence. Drill hole DD1450 intersection included grades of up to 40% copper and is within 190 metres of surface. In February 2020, the initial mineral resource estimate for the Kamoa North Bonanza Zone included 1.5 million tonnes of Indicated Resources grading 10.7% copper, at a 5% cut-off. In February 2020, Ivanhoe released an independently verified, updated Mineral Resource estimate for the Kamoa-Kakula Copper Project in the
Democratic Republic of Congo (DRC). The Kamoa-Kakula Project Indicated Mineral Resource now stands at 1.4 billion tonnes grading 2.7% copper, at a 1% cut-off grade, and the project's Indicated Mineral Resource now stands at 423 million tonnes grading 4.68% copper, at a 3% cut-off grade. International mining consultant Wood Mackenzie has ranked the Kamoa-Kakula Copper Project as the world's fourth-largest copper discovery, with copper grades that are the highest by a wide margin of the world's top 10 copper deposits. == Operations ==