Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s): IVPAF

Metals & Mining Industrial Metals & Minerals

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. The Company is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include The Kamoa-Kakula Copper Complex, The Kipushi Project, The Platreef Project., and The Western Foreland Exploration Project. The Kamoa-Kakula Copper Complex project stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (km) west of the town of Kolwezi and about 270 km west of the provincial capital of Lubumbashi. The Kipushi mine is adjacent to the town of Kipushi in the Democratic Republic of the Congo (DRC) approximately 30 km southwest of the provincial capital of Lubumbashi. The 21 licenses in the Western Foreland cover a combined area of 1,808 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex.

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Ivanhoe Mines Ltd

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Post by msillusionon Nov 17, 2010 2:54am

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Post# 17716500

Soros sold his entire stake in IVN

https://everythinggold.blogspot.com/2010/11/soros-sells-ivanhoe-nyseivn-golden-star.html
Tuesday, November 16, 2010

George Soros' "Soros Fund Management" decreased a number of its gold assets in the third quarter, either lowering positions in or selling off completely, Ivanhoe (NYSE:IVN), Golden Star (NYSE:GSS), Gold Fields (NYSE:GFI), Barrick (NYSE:ABX), Newmont (NYSE:NEM) and SPDR (NYSE:GLD)

Soros sold his entire stake in Ivanhoe Mines (NYSE:IVN), Golden Star Resources (NYSE:GSS) and Gold Fields (NYSE:GFI).

He also lowered positions in Barrick (NYSE:ABX), Newmont (NYSE:NEM) and SPDR (NYSE:GLD), although his holding in SPDR is still among the highest in the fund.

Soros has mentioned gold being the ultimate bubble, but that's not really why he's divesting some now. It's just that gold is at historical highs and has been due for a correction for some time, and we're probably in the midst of one now, although it's an uncertainty as to if it's short-term and shallow, or long-term and deep.

More than likely it's short-term and shallow, as there are too many economic disasters around the world to keep gold down, and speculation about China's interest rates won't be enough by itself to cause gold prices to plummet.

, November 16, 2010