Total : 8 View more »
and the licences have been received. The eastern portion of the Shivee Tolgoi licence and the entire Javhlant licence are subject to a joint venture with Ivanhoe Mines Ltd., through its subsidiary, Ivanhoe Mines Mongolia Inc. LLC (TSX: IVN; NYSE: IVN; NASDAQ: IVN - collectively "Ivanhoe Mines").
http://www.prnewswire.com/news-releases/entree-gold-receives-mongolian-mining-licences-65974497.html
VANCOUVER, October 26 /PRNewswire-FirstCall/ -- Entree Gold Inc. (TSX:ETG; NYSE Amex:EGI; Frankfurt:EKA - Entree or the Company) announces that its application for conversion of the Shivee
http://finance.yahoo.com/news/Entree-Gold-Receives-prnews-1350475304.html?x=0&.v=101
Filed under: Deals, Rio Tinto plc ADS (RTP), Commodities<img border="1"
http://www.bloggingstocks.com/2009/10/28/ivanhoe-mines-secures-388m-investment-from-rio-tinto/
Current and archived articles from Canadian Mining Journal, reader and advertiser services, a chatroom, reader research contest, Buyers' Guide, and a detailed equipment guide.
http://www.canadianminingjournal.com/issues/ISArticle.asp?aid=1000344100&pc=CMJ&ref=rss
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Nov 04, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called an Uptrend for Ivanhoe Mines (NYSE:IVN) on July 02, 2009 at $6.68.
Since then, Ivanhoe Mines has returned 74.7% as of today's recent price of $11.67. Want to profit from these alerts?
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Tags: market mining nyse profit securities trial
Companies: Ivanhoe Mines Ltd/CA (IVN)
Oct 29, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called an Uptrend for Ivanhoe Mines (NYSE:IVN) on July 02, 2009 at $6.68.
Since then, Ivanhoe Mines has returned 67.2% as of today's recent price of $11.17. Want to profit from these alerts?
Go to www.mysmartrend.com now for a FREE two-week trial.
Write to Chip Brian at cbrian@tradethetrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Tags: market mining nyse profit securities trial
Companies: Ivanhoe Mines Ltd/CA (IVN)
Nov 02, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
Rio Tinto Limited, an Australia-based mineral mining company, has invested $388 million in Ivanhoe Mines, Ltd., a Canada-based company engaged in the acquisition, exploration and development of mineral resources, in a private financing transaction.
As a result of the transaction, Rio Tinto has increased its stake in Ivanhoe Mines to 19.7% from 9.9%.
Announcement (October 13, 2009):
Rio Tinto has entered into an agreement to invest $388 million in Ivanhoe Mines. Under the financing, Rio Tinto will purchase 46.3 million shares, representing 9.8% stake, in Ivanhoe Mines at a subscription price of $8.38.
Deal Value (US$ Million) 388 Deal Type Private Placement Sub-Category None Deal Status Completed: 2009-10-28
Deal Participants
Target (Company) Ivanhoe Mines, Ltd. Acquirer (Company) Rio Tinto Limited
% Acquisition 9.8% Offer Price ($ per share) 8.38 No. Shares Issued 46304473
Tags: acquisition australia canada exploration mining Private Placement subscription
VANCOUVER, Oct 26, 2009 (PR Newswire Europe via COMTEX) --
Entree Gold Inc. (TSX:ETG; NYSE Amex:EGI; Frankfurt:EKA - "Entree" or the "Company") announces that its application for conversion of the Shivee Tolgoi and Javhlant exploration concessions to mining licences has been approved by the Mineral Resources Authority of Mongolia and the licences have been received. The eastern portion of the Shivee Tolgoi licence and the entire Javhlant licence are subject to a joint venture with Ivanhoe Mines Ltd., through its subsidiary, Ivanhoe Mines Mongolia Inc. LLC (TSX: IVN; NYSE: IVN; NASDAQ: IVN - collectively "Ivanhoe Mines"). Mining licences have a 30 year term with two renewals of 20 years each possible.
Greg Crowe, President and CEO of Entree stated: "The granting of the mining licences provides the long term security necessary for Entree and its joint venture partner, Ivanhoe Mines, to advance the known deposits at Oyu Tolgoi through development to production. It also provides sufficient time for testing the potential along strike extensions to Entree's Hugo North Extension and Heruga deposits and for the diligent and systematic exploration of other copper, gold and molybdenum prospects. The granting of these mining licenses represents a pivotal moment in the advancement of our Mongolian assets."
Shivee Tolgoi (54,760 hectares) and Javhlant (20,346 hectares) completely surround Ivanhoe Mines' Oyu Tolgoi mining licence. Conversion of these licences has now consolidated a sizeable land position upon which the Oyu Tolgoi mining complex will be established.
Title to the portion of the Shivee Tolgoi licence outside of the joint venture ("Shivee Tolgoi West") is 100% owned by Entree LLC, the Company's Mongolian subsidiary. The Company believes that further exploration is warranted on Shivee Tolgoi West, which covers over 35,000 hectares, to identify additional mineralization which could be processed through the Oyu Tolgoi facilities.
Successful conversion of these exploration licences to mining licences was a condition precedent to the Investment Agreement signed between Ivanhoe Mines, our largest shareholder Rio Tinto (NYSE: RTP; LSE: RIO.L; ASX: RIO.AX) and the Mongolian government on October 06, 2009. These mining licences are contained within the Contract Area covered by the Investment Agreement. Under the terms of the Entree-Ivanhoe Mines joint venture, Entree retains either a 20% or 30% carried interest on these licences, dependent on the depth of mineralization.
ABOUT ENTREE GOLD INC.
Entree Gold Inc. is a Canadian mineral exploration company focused on the worldwide exploration and development of gold and copper prospects. The Company flagship property is in Mongolia, where it holds two mining licences and one exploration licence comprising the 179,590 hectare Lookout Hill property. Lookout Hill completely surrounds the 8,500-hectare Oyu Tolgoi project of Ivanhoe Mines, and hosts the Hugo North Extension of the Hugo Dummett copper-gold deposit and the Heruga copper-gold-molybdenum deposit.
The Company continues to explore its large landholdings in Mongolia, including the coal discovery Nomkhon Bohr. Entree is also evaluating new opportunities throughout the region and elsewhere in Asia. Entree is exploring the Huaixi copper project in Zhejiang Province in China, under the terms of an agreement with the No. 11 Geological Brigade.
In North America, the Company is exploring for porphyry-related copper systems in Arizona and New Mexico under agreements with Empirical Discovery LLC, in Nevada through option agreements with HoneyBadger Exploration Inc. and Bronco Creek Exploration Inc. and in British Columbia through an agreement with Taiga Consultants Ltd.
The Company is also seeking additional opportunities to utilize its expertise in exploring for deep and/or concealed ore deposits. With a treasury in excess of C$40 million, the Company is well funded for future activities.
Ivanhoe Mines and Rio Tinto are major shareholders of Entree, holding approximately 15% and 16% of issued and outstanding shares respectively.
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. Such statements include those relating to the development of the Oyu Tolgoi project and the conversion of the Shivee Tolgoi and Javlant exploration licence to mining licences. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled "Risk Factors" in the Company's periodic filings with the British Columbia Securities Commission, which can be viewed at http://www.SEDAR.com, and with the United States Securities and Exchange Commission, which can be viewed at http://www.SEC.gov.
For further information: Monica Hamm, Manager, Investor Relations, Entree Gold Inc., Tel: +1-604-687-4777, Toll Free: +1-866-368-7330, E-mail: mhamm@entreegold.com; Peter Oates, Corporate Communications, Entree Gold Inc., Tel: +1-604-687-4777, Toll Free: +1-866-368-7330, E-mail: poates@entreegold.com
For further information: Monica Hamm, Manager, Investor Relations, Entree Gold Inc., Tel: +1-604-687-4777, Toll Free: +1-866-368-7330, E-mail: mhamm@entreegold.com; Peter Oates, Corporate Communications, Entree Gold Inc., Tel: +1-604-687-4777, Toll Free: +1-866-368-7330, E-mail: poates@entreegold.com
Tags: amex arizona asia british columbia business canada ceo china communications copper corporate e-mail exploration frankfurt gold government joint venture law licenses mining mongolia nasdaq nevada new mexico north america nyse president property securities security strike treasury
Total : 29 View more »
Ivanhoe Mines Ltd. (IVN), owner of the US$3 billion Oyu Tolgoi copper-gold project in Mongolia, Wednesday said it was fielding investment proposals from several sovereign wealth funds for a stake of up to 9.9% in the company. Canada-based Ivanhoe, which is expecting to sign a long-awaited
http://www.zibb.com/article/5542779/DJ+Ivanhoe+Mines+Sovereign+Funds+Showing+Interest+In+Stake
The facts...for the record. Setting straight the media and public records "Mistakes are a fact of life. It is the response to error that counts." -- Nickki Giovanni, American poet.
Ivanhoe Mines Ltd. reported a bigger year loss yesterday as the miner poured more money into developing its Oyu Tolgoi copper-gold deposit and exploring other properties in Mongolia. Ivanhoe Mines said it lost $89.6-million or 32 cents a share for the year ended Dec.
.. (IVN) Ivanhoe sells Savage Excerpt: Ivanhoe Mines’ Chief Financial Officer Peter Mered... (IVN) Ivanhoe extends warrants Excerpt: Ivanhoe Mines Ltd. has extended the expiry date of... (IVN) Ivanhoe receives Chinese approval Excerpt: The Chinese Ministry of Land & Resources (MOLAR) h...
http://www.australianinvestor.com.au/Companies.asp?code=ASX:IVN
Total : 1,900,000 View more »
News Announcement - Thu Nov 5, 2009 Ivanhoe Australia's Merlin molybdenum and rhenium ... IT'S OFFICIAL! Ivanhoe Mines and Rio Tinto sign long-term Investment Agreement with ...
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