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Colin Bennett

Rio in talks with Chinalco over Ivanhoe mine stakes - 1 views

  • A giant Chinese aluminum company is in discussions to buy a minority stake in either Ivanhoe Mines Ltd. or its Oyu Tolgoi copper-gold project in Mongolia.
Colin Bennett

Rio Tinto to manage Oyu Tolgoi project under new financial agreement with Ivanhoe Mines - 0 views

  • Rio Tinto and Ivanhoe Mines have signed a new agreement under which Rio Tinto will assume direct management of the world-class Oyu Tolgoi copper-gold project in Mongolia and provide a comprehensive financial package to Ivanhoe Mines that is expected to help secure the development of the project approximately six months ahead of schedule in late 2012.
Colin Bennett

Rio Tinto beefs up position in Canada's Ivanhoe - 0 views

  • Global miner Rio Tinto will increase its stake in Canada's Ivanhoe Mines by 2.7 percent to 22.4 percent for $233 million, in a move tied to plans to jointly develop the giant Oyu Tolgoi copper mine in Mongolia.
Colin Bennett

Ivanhoe gains $138m funding for DRC copper projects - 0 views

  • Ivanhoe Mines has secured C$150 million ($138 million) in equity financing to fund its copper projects in the Democratic Republic of Congo (DRC).
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Mongolian Resources At Risk From New Laws - 0 views

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    Mongolia's political parties are locked in post-election squabbling, but once the dust settles a new government could finally pass deals to tap the coal, copper and uranium that sit beneath its vast deserts and grasslands. But analysts say the deal that goes ahead would be less than ideal for either Mongolia or foreign investors, with the country better served by taxing its mineral wealth, rather than seeking direct government ownership in massive mines. The current law gives the state either a 34% stake or a controlling 51 percent stake in mining projects. An investment agreement with Ivanhoe Mines and Rio Tinto for the Oyu Tolgoi project, still under negotiation, would be the first such deal.
Colin Bennett

Rio and Chinalco to share Guinea project - 0 views

  • People close to the Mongolian mining industry have said they believed Rio and Chinalco were working out a deal on Oyu Tolgoi, a copper-gold deposit that is a joint venture between Rio and Ivanhoe Mines of Canada.
Colin Bennett

Oyu Tolgoi continues to grow in stature - 0 views

  • The discovery, known as Ulaan Khud North, extends the known strike length of the Oyu Tolgoi mineralised system by an additional 3 km to the north, to more than 23 km.
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