Ivanhoe Atlantic shelves $300m ASX float amid scrutiny over China, Liberia ties
US billionaire Robert Friedland’s privately owned iron ore miner had previously intended to list on the local bourse before the end of 2025.
US iron ore miner Ivanhoe Atlantic has officially shelved plans for a circa $300 million listing on the ASX until mid-2026, as it fights back explosive claims from a US congressman over its alleged links to the Chinese Communist Party.
Once billed as one among the biggest ASX floats of the year, Ivanhoe had plans to raise up to $300 million in the initial public offering, with BMO, Euroz Hartleys Group and Aitken Mount Capital Partners appointed joint lead managers and Thomson Greer tapped as legal advisers.
But a spokesperson for the company, founded by American mining magnate Robert Friedland, told Capital Brief that plans for the float have been put on ice until at least Q2 2026 while it focuses on starting construction at its flagship Kon Kweni project in Guinea.
Confirmation of the delay comes after Ivanhoe Atlantic last week came under fire in Washington, with US congressman John Moolenaar warning about the company’s “concerning ties” to the Chinese Communist Party (CCP).
