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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Comment by msillusionon Jul 30, 2012 6:39pm

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Post# 20166843

RE: Rio Tinto acquires.....

Have you heard of the stand-by deal that RIO can increase its stake in IVN to 62%?

Globe and Mail, Jul 30

VANCOUVER— Rio Tinto’s stake in Ivanhoe Mines remains at about 51 per cent after a rights offering by the Toronto-listed company to fund the construction of the Oyu Tolgoi copper-gold mine in Mongolia.

Rio Tinto said Monday it acquired roughly 133.6 million shares under Ivanhoe’s rights offering at a total cost of $935-million (U.S.) or $7 per share.

The miner had agreed to a stand-by deal that could have potentially seen it increase its stake in Ivanhoe to about 62 per cent...

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