For more than 20 years, international financier Robert Friedland has been a recognized figure among the leaders of the global financial sector and mineral resource industries who have influenced investment decisions and contributed to economic growth in established and emerging markets in Asia, the Asia Pacific Region, Sub-Saharan Africa and the Americas.
Mr. Friedland is Chairman of Ivanhoe Capital Corporation, his family’s private company founded in 1987 and now with operations based in Singapore, Beijing and London. Ivanhoe Capital specializes in the provision of venture capital and project financing for international business enterprises, predominantly in the fields of minerals, energy and advanced technology. With his leadership, Ivanhoe executives and more than 15 benefiting, public and private companies that have been affiliated with Ivanhoe Capital have raised a total of more than US$10 billion on world capital markets since 1993. This capital has been invested in more than 30 nations, directed primarily at the discovery and production of mineral and energy resources and the development and application of innovative exploration, processing and communications technologies.
Mr. Friedland founded Ivanhoe Mines in 1994, which he has progressively developed as his flagship international mining and mineral exploration enterprise. Mr. Friedland previously served variously as the company’s Executive Chairman, President and Chief Executive Officer during the ensuing 18 years between 1994 and 2012 as Ivanhoe Mines established itself as a significant miner and explorer in Asia and Asia Pacific and built a large shareholder base through listings on the Toronto, New York and NASDAQ stock exchanges. Under Mr. Friedland’s leadership, Ivanhoe Mines in 2000 began exploration in Mongolia that led to a decade of discoveries, which revealed a 12.4-kilometre-long (7.7-mile) chain of mineral deposits. Ivanhoe Mines initiated construction of the Oyu Tolgoi mining complex, which began production in January 2013 and is projected to become one of the world’s top three copper-gold-silver producers. International mining giant Rio Tinto acquired control of Ivanhoe Mines in 2012 and subsequently renamed it Turquoise Hill Resources.
Mr. Friedland also founded Africa-focused Ivanplats in 1998. As Executive Chairman, he led Ivanplats’ successful initial public offering in October 2012 that raised CDN$306 million (US$308 million) from international investors in what was the largest Canadian IPO since 2010. The company assumed the Ivanhoe Mines name in August 2013. The new, and renewed, Ivanhoe Mines now is developing three major mining projects in Sub-Saharan Africa. Two are in the Democratic Republic of Congo: the development of the company’s world-scale Kamoa copper discovery in a previously unknown extension of the legendary Central African Copperbelt, and the upgrading of the historic Kipushi zinc-copper mine and development of its large, unmined Big Zinc Deposit. The third key project is the development of another world-scale discovery into a state-of-the-art underground platinum-palladium-gold-nickel-copper mine on the Platreef, in South Africa’s Bushveld Complex where established mines already produce a combined 79% of the world’s annual platinum output.