LONDON, Dec 2 (Reuters) - Canada-listed Ivanhoe Mines plans to pay much higher wages to South African miners in its platinum, gold and copper project than prevailing levels, which company founder Robert Friedland said are unsustainably low.
focus on Alcan-related debt reduction saw much new investment relegated to the back burner. A strategic partnership with Ivanhoe Mines delivered Rio its latest copper development, Oyu Tolgoi in Mongolia, currently commissioning. Oyu Tolgoi is the largest
By Gary Bourgeault : On November 17, 2008, the share price of Turquoise Hill Resources ( TRQ ), then known as Ivanhoe Mines , plummeted to $1.72 a share, dropping from the $11.12 share price it had reached on August 25 of the same year
In this article: New problems for Ivanhoe Mines and SouthGobi Resources. Review of ..... resolution of the current problems of Ivanhoe Mines and SouthGobi Resources. Near-term ..... forward. There is a new problem for Ivanhoe Mines and SouthGobi Resources which I tried
to buy as much as a 60% stake in Mongolian metallurgical coal miner SouthGobi Resources, with its largest shareholder, Ivanhoe Mines , planning to tender its entire 58% stake. The purchase price values the company at $2 per ton of resources, which does
coking coal. It spent USD 6.1 billion acquiring Riversdale Mining in Mozambique and greater Oyu Tolgoi equity through Ivanhoe Mines . These do set the company up for the future but don't necessarily contribute immediately. Pleasing was the decision to
hoped for. Rio on course to take control of Ivanhoe. The way is open for Rio Tinto (RIO) to take over Canada's Ivanhoe Mines ( IVN ), in which it already owns 49%, after an arbitrator ruled that Ivanhoe's "poison pill" takeover defense
LONDON/TORONTO (Reuters) - The Mongolian government, Ivanhoe Mines and partner Rio Tinto have agreed to back a 2009 investment agreement for the Oyu Tolgoi copper-gold deposit, ending discussions...
time when mine scheduling enables access to higher grades again. Rio exercised warrants in June, taking its ownership of Ivanhoe Mines to 46.5%. That company's 66% Oyu Tolgoi mine in Mongolia comes on line in late 2012 and is likely to be a top ten