What's in a name? Rio Tinto gives Ivanhoe the blues

If ever there was any doubt about what Rio Tinto was really after in its pursuit of Canadian miner Ivanhoe Mines, the answer just became crystal clear. Ivanhoe Mines said on Wednesday it will ask shareholders in June to approve a new name for the...

Ivanhoe Australia gets new board members

A board reshuffle has taken place at ASX-listed Ivanhoe Australia with the appointment of four new nonexecutive directors. Peter McMahon, Stephen McIntosh, Steward Beckam and Neville Henwood, who were all nominees from majority shareholder...

Ivanhoe puts price estimate on Mount Elliott

Copper/gold developer Ivanhoe Australia on Wednesday reported that a scoping study into its Mount Elliott project, in Queensland, had confirmed the project’s potential as a world-scale copper mine. The scoping study found that the original...

Ivanhoe Australia defers copper study as it turns focus to Merlin

ASX- and TSX-listed Ivanhoe Australia has scaled back work on its Mount Dore copper study and decided to rather focus on other key projects, including the Merlin molybdenum and rhenium project, in Queensland. CEO Peter Reeve said on Monday that a...

Ivanhoe starts copper, gold production in Australia

The Australian subsidiary of Ivanhoe Mines has produced its first copper and gold concentrate at the Osborne processing facility, in north-west Queensland. “The commencement of copper-gold production at the Osborne facility is an important...

Ivanhoe intensifies search for Cloncurry partner

ASX-listed Ivanhoe Australia has begun seriously pursuing strategic investment partners for is Cloncurry project portfolio, and has appointed UBS Investment Bank to assist with the search. The company has previously reported that it was actively...

FIRB approves Ivanhoe investment in Aus subsidiary

The Australian Foreign Investment Review Board has given approval for Canada’s Ivanhoe Mines to acquire A$92.6-million worth of shares in its subsidiary Ivanhoe Australia. In September, Ivanhoe Australia said that it would raise up to...

Ivanhoe Australia seeks A$180m to fund projects, repay debt

ASX-listed Ivanhoe Australia is looking to raise up to A$180-million to provide A$150-million for its Cloncurry development projects and to repay A$30.6-million of debt to its parent company, Ivanhoe Mines. The miner said on Friday it would issue...

Ivanhoe Australia studies A$83m Qld copper mine

ASX-listed Ivanhoe Australia is moving its Mount Dore cathode copper project, in Queensland, into the prefeasibility study stage, after a scoping study demonstrated that the project could provide long-term cash flows for a modest capital outlay....

Ivanhoe backs Cloncurry sale, Exco to return A$135m to shareholders

ASX- and TSX-listed Ivanhoe Australia on Friday confirmed its support on the outcomes of the review of the capital management options undertaken by Australian junior Exco Resources, in light of the sale of the Cloncurry copper project, in...

Ivanhoe undecided on Xstrata’s bid for Exco project

ASX- and TSX-listed Ivanhoe Australia has warned shareholders that “no assumptions” should be made on how the company would vote on Xstrata’s takeover of the Cloncurry copper project, in Queensland. Xstrata Copper on Wednesday said it had...

Ivanhoe Australia approves $30m for Qld project

ASX- and TSX-listed Ivanhoe Australia has approved a $30-million budget for the development of the Kulthor/Osborne copper/gold operation, in Queensland. The investment would see the restart of production at the Osborne complex during the first...