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 wawahunton Apr 12, 2012 8:34pm

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Post# 19788539

rio

Rio, which meets its London-based investors on April 19, has been in the spotlight over rising costs at Oyu Tolgoi, the flagship Mongolian copper-gold mine that it controls through its majority stake in Ivanhoe Mines.

A 513-page technical report -- published two weeks ago by Ivanhoe but not publicised or officially endorsed by Rio -- put the capital costs for one of the industry's most anticipated greenfield projects at $13.2 billion US, up from $9.55 billion.

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