March 29, 2024

Ivanhoe Mines 2011 net loss widens

VANCOUVER - Ivanhoe Mines Ltd. reported a wider net loss for 2011 on Tuesday as it said its copper-gold mine in Mongolia remains on track to start up in the third quarter.The 2011 loss of $ 570.4 million, or 83 cents per share, compared to a loss of $ 211.5 million, or 42 cents per share, in 2010.Revenues increased to $ 179 million from $ 79.8 … [Read more...]

Ivanhoe says buyers sniffing around assets

VANCOUVER - Ivanhoe Mines chief executive Robert Friedland said Monday that potential buyers are sniffing around the company's assets.The company, which is developing the Oyu Tolgoi mine in Mongolia, said it has has received detailed, written expressions of interest on potential asset sales that "could realize significant capital to support the … [Read more...]

Ivanhoe reaffirms Oyu Tolgoi investment deal

VANCOUVER - Shares of Ivanhoe Mines gained 20 per cent after Mongolian government reaffirmed its commitment to a key investment agreement for its Oyu Tolgoi copper and gold mine.Government officials had asked Ivanhoe and its partner Rio Tinto to consider making changes to deal, something Ivanhoe had refused to do.In a joint statement Thursday the … [Read more...]

Ivanhoe defends Oyu Tolgoi agreement

VANCOUVER - Ivanhoe Mines (TSX:IVN) is defending the investment agreement for its Oyu Tolgoi project in Mongolia as a fair and legally binding contract.The Canadian mining company says the deal complies fully with all Mongolian laws and was negotiated in accordance with all resolutions issued by the Mongolian parliament.The comments come as the … [Read more...]