Ivanhoe Mines Ltd. Mining News

Congo mining regulations to be signed into law on Friday — mines minister

Congo's prime minister wants to immediately implement the new mining code without any concessions to industry demands that key provisions be amended.

Ivanhoe Mines secures long-term supply of treated bulk water for Platreef

Recycling of local, treated water is part of a sustainable approach to minimize Platreef’s environmental footprint.

Wife of Ivanhoe Mines CEO charged after throwing a water bottle at a flight attendant

Ivanhoe Mines  (TSE:IVN) received a bit of unwanted publicity on Sunday when it was revealed that the wife of CEO Lars-Eric Johansson is facing criminal charges for throwing a water bottle at a flight attendant on an Air Canada flight.

Robert Friedland’s mining showdown in South Africa

The two men took the cash from an envelope, counted it carefully and spread it on the table in front of Raesetsa Makgabo in her village home.

Rio Tinto confirms support for Ivanhoe Mines comprehensive financing package and agrees to amend certain terms of memorandum of agreement

Rio Tinto and Ivanhoe Mines Ltd. (Ivanhoe) have agreed to amend certain terms of the memorandum of agreement announced on 18 April 2012, under which Rio Tinto has agreed to support and provide certain elements of a comprehensive funding package for Ivanhoe

Ivanhoe Mines appoints four new directors and accepts resignation of three directors

Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) announced today that the company's Board of Directors has appointed four new directors.

Entree Gold upgrades and expands resources at Ann Mason

"With over 5 billion pounds of copper estimated at the indicated level and another 3.5 billion pounds estimated at the inferred level, Ann Mason should now be recognized as a significant deposit in one of the best mining jurisdictions in the world."

World's largest coal company muscling in on world's largest metallurgical deposit

"Shenhua is the most competitive bidder for the project given its technology, transport infrastructure, access to the Chinese market and the backing of the Chinese government," Shenhua CEO Ling Wen told reporters.

Rio Tinto takes control of Ivanhoe, punters feel deflated

World number two miner Rio Tinto has taken a majority stake in Ivanhoe Mines, its partner on the massive Oyu Tolgoi project in Mongolia, purchasing a 51% interest. A favourite stock of punters, Ivanhoe surrendered 4% in Toronto on Tuesday.

$1billion Ivanplats IPO rumoured

Bloomberg reports that Ivanplats Ltd., an Africa-focused mining company controlled by billionaire CEO Robert Friedland, may seek up to $1 billion in an IPO.

Ivanhoe to crush poison pill saving shareholders $73 billion

The Globe & Mail reports Ivanhoe Mines, building Mongolia’s Oyu Tolgoi, will scrap a controversial “poison pill” that clears the way for Rio Tinto, which already owns 49% of the Vancouver-based company, to do a complete takeover. The shareholder provision would have triggered an automatic rights offer estimated at $73 billion.

Why Ivanhoe, Rio Tinto are so keen on Mongolia

It has been said that the best place to look for a new mine is next to an existing mine. -- Harris Kupperman, Mining Services Primer, Nov. 10, 2009. If the premise in that quote is true, there is more gold to find in Mongolia.

Ivanhoe gains 13% after Mongolia backs down on Oyu Tolgoi

Shares of Ivanhoe Mines (TSE:IVN) and Rio Tinto (ASX:RIO) both gained today on news that Mongolia has backtracked on a demand for a greater share of the massive Oyu Tolgoi copper-gold complex. Rio was up 4.94% on the ASX while Vancouver-based Ivanhoe jumped 13.06% on the Toronto exchange. The two companies and the government of Mongolia issued a joint release yesterday saying that all parties have "reaffirmed their continued support" for the 2009 Oyu Tolgoi Investment Agreement.

Spooked investors dump Ivanhoe despite reassurances – shares crash 21%

A statement put out by Ivanhoe Mines on Monday telling investors that its Oyu Tolgoi project remains on track and pooh-poohing rumours about the Mongolian government reneging on the deal that Ivanhoe and partner Rio Tinto spent five years negotiating did little to ease the fears of investors. By lunchtime Ivanhoe had plummeted more than 21.3%, crashing through the $10 billion market valuation level and taking the week's losses to 33%, with the number of shares changing hands already exceeding the daily average. Ivanhoe also appeared to have patched things up with Rio Tinto on Monday after it said last week it's unhappy that the world's number two miner told investors about possible delays to the mega-project.

Mongolia wants 50 pct of Rio's Oyu Tolgoi project, minister says

Mongolia wants to bring forward the raising of its stake in the Oyu Tolgoi copper project that’s being developed by Rio Tinto Group and Ivanhoe Mines Ltd. to 50 percent from 34 percent, according to the minerals minister. “We have sent the proposal to Ivanhoe to renegotiate the timeframe for us to increase the government stake,” Dashdorj Zorigt told reporters at Oyu Tolgoi yesterday. Such an increase is permitted after only 30 years, according to a summary of the $16 billion project agreement from London-based Rio Tinto.

Ivanhoe roiled as Mongolia rethinks Oyu Tolgoi, says partner Rio makes 'unauthorized' statements

News that the Mongolian government is rethinking a 2009 deal that gave Ivanhoe Mines and Rio Tinto a 66% stake in the massive Oyu Tolgoi gold and copper project has sent the shares of Ivanhoe down more than 9.5% in Toronto on Wednesday afternoon, while Rio's ADRs gave up over 6% in New York trade. The bad news appears to have led to a bust-up between the two companies, with Ivanhoe founder and CEO Robert Friedland saying on Wednesday Rio's senior management has been making "unauthorized and incomplete" statements about Oyu Tolgoi and that he will take the matter up with the world's number three miner. Ivanhoe is closely tied to Mongolia where it also controls SouthGobi, a producing coal mine. SouthGobi plummeted 10% on Wednesday.

Mongolia eyes changes to Oyu Tolgoi copper deal

The Mongolian government is discussing possible changes to a 2009 investment agreement for the massive Oyu Tolgoi copper-gold deposit, media reports quoted Mongolia's finance minister, S. Bayartsogt, as saying Tuesday. The 2009 deal gave a 66 percent stake in the multibillion-dollar Oyu Tolgoi project in Mongolia's South Gobi region to the Canadian miner Ivanhoe Mines (Toronto: IVN.TO - news) , in which mining giant Rio Tinto now owns a 48.5 percent stake. The government has the remaining 34 percent stake.

Rio Tinto plans to sell 'a lot' Of Oyu Tolgoi output to China

Rio Tinto PLC (RIO) plans to sell "a lot" of the output from the Oyu Tolgoi copper and gold project in Mongolia to China, and is in discussions with smelters in China, Rio Tinto's U.S. Copper Chief Financial Officer said Friday at an industry event."Talks are still underway, and there's no definite plan right now," Kay Priestly told a Metal Bulletin conference in China. With the Oyu Tolgoi mine strategically located close to China where demand is high, so "it's certainly our plan to transport a lot of the products to China," Priestly added.

Ivanhoe Australia to raise up to A$150 million net proceeds

As highlighted in today's market update "Ivanhoe Australia – Moving from Explorer to Producer", further details on expected production and costs for the Osborne Copper-Gold, Merlin, Mt Dore and Mt Elliott projects have been received by Ivanhoe Australia Limited (TSX:IVA)(ASX:IVA) ("Ivanhoe Australia"). MELBOURNE, AUSTRALIA--(Marketwire - Sept. 15, 2011) -

Junior sold for 800% more 18 months after IPO as coal miners go mad for Mongolia

Strong interest in the Mongolian resource sector has provided shareholders in Hunnu Coal a 800% gain in only 18 months. Thailand's Banpu announced Tuesday it is taking over the ASX-listed junior for $400 million or $1.80/share – Hunnu went public in February 2010 at 20c. Hunnu may be the first of many firms with Mongolian coal assets to attract bidders with Ivanhoe Mines' SouthGobi and TSX-V junior Prophecy Coal talked about as likely targets and a way in for smaller investors who are not be able to participate in Tavan Tolgoi's $3 billion IPO slated for next year.

Rio Tinto raises stake in Ivanhoe Mines to 48.5 pct

Mining company Rio Tinto PLC (RIO) Wednesday raised its ownership stake in Canada-based Ivanhoe Mines Ltd (IVN.T) by 2% to 48.5% as it sought to cement its commitment to the massive Mongolian Oyu Tolgoi copper-gold project. Rio Tinto paid C$18.98 a share and exercised its subscription right to the tune of C$529.5 million in order to increase its take in Ivanhoe Mines, the majority owner of the Oyu Tolgoi project.

Gold and Silver to Generate up to 50% of Total Annual Revenues at Ivanhoe Mines’ Oyu Tolgoi Project

Ivanhoe Mines (TSE:IVN,NYSE:IVN,NASDAW:IVN) announced an update to the production potential of its Oyu Tolgoi project.

10th anniversary of first major gold and copper discovery at Oyu Tolgoi coincides with peak construction at Mongolia’s largest mining complex

Ivanhoe Mines’ Chief Executive Officer and founder, Robert Friedland, and Senior Vice President of Exploration, Douglas Kirwin, observed July 17th’s 10th anniversary of the company’s first major mineral discovery at Oyu Tolgoi with a tribute to the 14,000 workers who now are building the Oyu Tolgoi mining complex in southern Mongolia. “Oyu Tolgoi already is one of the mining world’s great stories, thanks to the legions of people who have figured in its discoveries and development,” Friedland said.

Oyu Tolgoi open pit starts receiving equipment as the whole complex makes good progress

Late last month Ivanhoe Mines received $502 million from Rio Tinto following Rio’s decision to exercise all remaining share-purchase warrants that it holds in Ivanhoe Mines. Assembly of open pit equipment has started - in this case Komatsu dozers. Image of the Oyu Tolgoi complex by Ivanhoe Mines Ltd.

Ivanhoe Mines to receive US$502 million from Rio Tinto's exercise of all outstanding warrants to advance construction of Oyu Tolgoi copper-gold-silver mining complex in Mongolia

Ivanhoe Mines' Chief Executive Officer Robert Friedland announced today that the company expects to receive US$502 million from Rio Tinto later today following Rio Tinto's decision to exercise all remaining share-purchase warrants that it holds in Ivanhoe Mines.