PROFILE
Marna Cloete is unafraid of risk
The president of Ivanhoe Mines knows what it’s like to prove the doubters wrong
12 December 2024 - 05:00
Marna Cloete is accustomed to the doubters. When Ivanhoe Mines, of which she is president (“CEO in South African terms,” she explains), was first searching for copper in the Democratic Republic of Congo (DRC) in the 2000s, no lender would come near the company. “Everybody was risk off,” Cloete tells the FM.
Today Ivanhoe’s Kamoa-Kakula mine, in the DRC’S copper-rich Kolwezi district, is the world’s third-largest producer of the metal, thanks in part to China’s Zijin Mining Group, which has a 39.4% stake...
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