Posts Tagged ‘ivanhoe-mines’

Shares of Canada's Ivanhoe Mines Ltd. Full story

World number three miner Rio Tinto has taken a majority stake in Ivanhoe Mines, its partner on the Mongolian Oyu Tolgoi project, purchasing a 51% interest. The move comes after Ivanhoe scrapped a controversial “poison pill” shareholder provision clearing the way for Rio, which already owned 49% of the Vancouver-based company, to do a complete takeover. Rio paid $20/share for the additional 2%. Full story

MELBOURNE, AUSTRALIA–(Marketwire – Jan. 11, 2012) -  Robert Friedland, Chairman, and Peter Reeve, Chief Executive Officer of Ivanhoe Australia Limited (TSX:IVA)(ASX:IVA), are pleased to announce the receipt of the $30.1 million distribution from Exco Resources Limited Full story

The year of peak construction activity at Oyu Tolgoi mine in the Gobi desert of Mongolia (IM April and May issues this year) is nearing its end, with the project approximately three-quarters complete. A great deal has been accomplished this year, and over the last ten years since the first discoveries were made by Ivanhoe at Oyu Tolgoi. Full story

An arbitrator has ruled that a "poison pill" rights plan erected by Ivanhoe to try and stop a Rio Tinto takeover, does not apply to the latter, leaving Ivanhoe vulnerable to a takeover next year. Full story

"Rio Tinto is currently examining the decision but can confirm an independent arbitrator has upheld our claim in respect of Ivanhoe Mines' Shareholder Rights Plan," the global miner said in a statement emailed to Reuters. Full story

Ivanhoe Mines Expects Oyu Tolgoi Investment Agreement to Remain Unchanged VANCOUVER, BRITISH COLUMBIA--(Marketwire - October 3, 2011) -  Ivanhoe Mines Ltd. (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) - STATEMENT Late last week Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) and Rio Tinto received a letter from a representative of the Mongolian Cabinet inviting the companies to discuss potential changes to the Oyu Tolgoi Investment Agreement. Full story

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"). In light of these details, Ivanhoe Australia has launched an equity issuance to, among other things, bring Osborne into first production, to ... Full story

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

Rio Tinto (RIO +2%) exercises its remaining warrants in Ivanhoe Mines (IVN +1.9%) for $502M. The purchase is part of an agreement reached with Ivanhoe in December to take over construction of its Oyu Tolgoi copper and gold mines in Mongolia. Full story