Posts Tagged ‘ivanhoe’

The Globe & Mail reports Ivanhoe Mines, building Mongolia’s Oyu Tolgoi, will scrap a controversial “poison pill” shareholder provision that clears the way for Rio Tinto, which already owns 49% of the Vancouver-based company, to do a complete takeover. According to calculations by Credit Suisse, reported by the Globe & Mail the poison pill plan would have required $73 billion of funding from shareholders ... Full story

Perceiving a cloudy future for world markets, Ivanhoe Mines (NYSE:IVN) announced that they had negotiated an additional US$1.8 billion bridge financing for Oyu Tolgoi. “The facility, a precautionary response to volatility in the project finance and corporate debt markets stemming from recent events in Europe, could be used if there is a delay in completing and gaining approvals for the long-term project-finance package,” said ... 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

- VANCOUVER, BRITISH COLUMBIA-- - Entree Gold Inc. 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

MELBOURNE, AUSTRALIA--(Marketwire - Oct. 13, 2011) -  Robert Friedland, Chairman, and Peter Reeve, Chief Executive Officer of Ivanhoe Australia Limited (TSX:IVA)(ASX:IVA), are pleased to announce that Ivanhoe Australia has finalised its acquisition of an 80% interest in 13 Exco Resources Limited ("Exco") tenements in the highly mineralised Cloncurry region (see Figure 1). In May 2007, Ivanhoe Australia entered into a joint venture arrangement with ... Full story

A statement put out by Ivanhoe Mines and partner Rio Tinto on Monday saying it has formally informed the Mongolian government it won't renegotiate the terms of the Oyu Tolgoi investment did not have the desired effect and the share was beaten down 6.6% on Monday. The counter’s losses began after rumours – now confirmed – surfaced that the Mongolian government is rethinking a 2009 ... Full story

Rio Tinto (NYSE:RIO) announced today that it paid Can$73 million for 49% of Ivanhoe Mines. Rio Tinto acquired an additional 3,700,000 common shares in Ivanhoe Mines Ltd. through a wholly-owned subsidiary, Rio Tinto International Holdings Limited, increasing Rio Tinto's ownership in Ivanhoe Mines by 0.5 per cent to a total of 361,858,442 common shares or 49 per cent through a privately negotiated share purchase agreement. ... Full story

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 early afternoon Ivanhoe had plummeted more than 21.3%, crashing through the $10 billion market valuation level ... Full story