Ivanhoe to launch $1.8bn rights offering

TSX-listed Ivanhoe Mines, which is majority owned by Rio Tinto, said on Wednesday it would launch a rights offering to raise about $1.8-billion. The rights offering to existing shareholders formed part of a funding agreement to enable Ivanhoe to...

Ivanhoe appoints new chairperson, reappoints director

TSX-listed Ivanhoe Mines on Friday appointed Dr David Klingner as new chairperson of the board following Rio Tinto’s taking control of the board.

More shuffling in Ivanhoe's boardroom

Tuesday heralded a further shake-up to Rio Tinto-owned Ivanhoe Mines’ board, with four new directors appointed and three resigning. Jill Gardiner, Peter Gillin, Isabelle Hudon and David Klingner are joining the board, while Michael Gordon,...

Ivanhoe founder steps down as it agrees finance deal with Rio Tinto

TSX-listed Ivanhoe Mines on Wednesday said its founder and CE Robert Friedland resigned as part of a financing deal with Rio Tinto to see the Oyu Tolgoi copper/gold project in Mongolia through to the start of commercial production by 2013....

Ivanhoe reassures minorities after Rio says to seek changes

Ivanhoe Mines, now majority owned by Rio Tinto, said on Friday an agreement with the diversified major stipulated that a majority of its 14-member board had to be independent directors. Rio Tinto bought an additional 2% of Ivanhoe’s stock this...

For Rio Tinto, C$302m gets majority ownership in Ivanhoe

London-based Rio Tinto wasted little time in lifting its Ivanhoe Mines stake to a 51% majority one on Tuesday, less than a week after an agreement that prevented it from doing so expired. Last week, Ivanhoe, the 66% owner of the mammoth Oyu...

Ivanhoe drops poison pill, approves $1.8bn bridging finance

Ivanhoe Mines, the owner of the giant Oyu Tolgoi copper-gold project in Mongolia, on Wednesday said its board decided to scrap a shareholder rights plan, clearing the way for 49% shareholder Rio Tinto to gain control of the company. In December,...

Company Announcement: Rio Tinto successful in arbitration against Ivanhoe Mines

An independent arbitrator has upheld Rio Tinto’s claim in respect of Ivanhoe Mines’ Shareholder Rights Plan

Mongolia reaffirms Oyu Tolgoi investment agreement

The investment agreement for the giant Oyu Tolgoi copper-gold project in Mongolia stands, the government announced on Thursday, after its requests to renegotiate it with Rio Tinto and Ivanhoe mines were declined. In a joint statement, the three...

Rio and Ivanhoe stand firm on Oyu Tolgoi ownership

The owners of the giant Oyu Tolgoi copper-gold project in Mongolia, Rio Tinto and Ivanhoe Mines, on Monday took a joint stand against the government of that country, refusing to budge on their investment agreement. The companies said they had...

Friedland takes issue with Rio Tinto

Tensions between the owners of the massive Oyu Tolgoi project in Mongolia, diversified miner Rio Tinto and Canada’s Ivanhoe Mines, appeared to flare up again on Wednesday, after the smaller firm accused its partner of making unauthorised...

Oyu Tolgoi to account for 33% of Mongolia's GDP in 2020

Rio Tinto and Ivanhoe Mine’s giant Oyu Tolgoi copper/gold operation will account for around one-third of Mongolia’s economy by 2020, and will have led to an increase of a similar magnitude in the size of the Asian country’s economy by the...