Ivanhoe Mines (IVN)

Profile

Exchange: NYSE       Sector: Basic Materials       Industry: Industrial Metals & Minerals

Ivanhoe Mines Ltd. ((IVN), incorporated on January 25, 1994, is an international mineral exploration and development company. The Company’s principal mineral resource property is the Oyu Tolgoi Project, located in Mongolia. The Company also has two subsidiaries, through which it holds interests in coal resource properties in Mongolia and molybdenum, rhenium, copper, gold and uranium resource properties in Australia. Its subsidiary, SouthGobi Resources Ltd. (SGQ), owns and operates the Ovoot Tolgoi Coal Project located in Mongolia. Its subsidiary, Ivanhoe Australia Limited. (Ivanhoe Australia), owns the Cloncurry Project and the Osborne Project, both of which are located in Queensland, Australia. IVN also holds interests in several other mineral resource projects in Asia, including a 50% interest in the Kyzyl Shear Project, located in Kazakhstan, through its interest in Altynalmas Gold Ltd. In October 2010, Ivanhoe Australia completed its acquisition of the Osborne Copper Gold Mine (the Osborne Project) from Barrick (PD) Australia Limited (Barrick Australia), a subsidiary of Barrick Gold Corporation. The company was formerly known as Indochina Goldfields Ltd. and changed its name to Ivanhoe Mines Ltd. in June 1999. Ivanhoe Mines Ltd. was founded in 1994 and is headquartered in Vancouver, Canada.