Ivanhoe Oks $2,3bn Oyu Tolgoi budget for 2011

Vancouver-based Ivanhoe Mines has approved a $2,3-billion capital budget for the big Oyu Tolgoi copper/gold project in Mongolia next year. Shares in Ivanhoe rose 2% on Monday, to C$24,73 apiece by 16:00 in Toronto.

Ivanhoe plans up to $1bn rights offering despite Rio Tinto concerns

Vancouver-based Ivanhoe Mines' plan to raise between $800-million and $1-billion in a shareholder rights offering has shone new light on what seems to be an increasingly strained relationship with biggest shareholder Rio Tinto. Ivanhoe, led by...

Ivanhoe sees Oyu Tolgoi test production by Q4 2012

Full-scale construction is running on schedule at Ivanhoe Mining's Oyu Tolgoi project, in Mongolia, and the company said on Tuesday it is now planning to process the first ore by the fourth quarter of 2012. “The steady progress being logged...

Oyu Tolgoi to be top-3 copper/gold mine, 59-yr life estimate 'conservative'

Ivanhoe Mines, which on Tuesday unveiled a development plan for its huge Oyu Tolgoi project, in Mongolia, expects the mine to be a top-three copper/gold producer once operations ramp up. Average production from Oyu Tolgoi is forecast at some...

Ivanhoe announces $758m Oyu Tolgoi budget for 2010

Vancouver-based Ivanhoe Mines, with partner Rio Tinto, plans to spend $758-million next year as full-scale construction gets under way at the large Oyu Tolgoi copper/gold mine, in southern Mongolia. In fact, Ivanhoe indicated that it could get...

Ivanhoe preparing updated Oyu Tolgoi development plan

Ivanhoe Mines is expected to come out with an updated project development plan for its Oyu Tolgoi copper/gold project, in Mongolia, within “weeks”, after finally signing an investment agreement with the country's government. Under Tuesday's...

Ivanhoe could sell stake to 'strategic' investors

Vancouver-based Ivanhoe Mines and partner Rio Tinto expect the government of Mongolia to sign off on an investment agreement for their Oyu Tolgoi project soon, and will consider bringing in other strategic investors in Ivanhoe, the firms said late...

Mongolia vote clears way for Oyu Tolgoi deal 'in near future'

Mongolia's Parliament has approved changes to four laws, clearing the way for a long-awaited investment agreement on the giant Oyu Tolgoi copper/gold project, Rio Tinto and Ivanhoe Mines reported on Tuesday. "The votes today by overwhelming...

Mongolia Parliament agrees to consider Oyu Tolgoi pact

Mongolia's national Parliament voted on Thursday to advance approval discussions on the investment agreement for Ivanhoe Mines' Oyu Tolgoi copper/gold project, in the country's South Gobi region. The vote to proceed with consideration of the...

Mongolia mining uncertainty could be resolved 'within months'

The recent downturn in commodity markets, coupled with an improved political climate, could provide the impetus needed for Mongolia to resolve uncertainty over investment in the country's mineral wealth “within months”, Entree Gold deputy...

Mongolia working group to propose changes to mining law

Vancouver-based Ivanhoe Mines and diversified miner Rio Tinto on Friday affirmed their intention to continue investment in the Oyu Tolgoi cooper/gold project, in Mongolia. The companies said that they were looking forward to engaging in...

Ivanhoe raises resource estimate for giant Mongolia copper/gold project

Vancouver-based Ivanhoe Mines has increased the total resource estimate for its Oyu Tolgoi project in Mongolia, after publishing initial resources for the Heruga copper/gold/molybdenum deposit, which adjoins the southern boundary of the project....