Seeking Alpha: Mongolia in Partnership with Ivanhoe Mines and Rio Tinto

Mongolia, the vast central Asian country, entered into the Oyu Tolgoi Investment Agreement with Ivanhoe Mines and Rio Tinto in October of 2009. This landmark agreement welcoming foreign investment is a long-term comprehensive plan to develop world’s largest undeveloped copper-gold resource, which contains over 81 Billion pounds of copper and 46 million ounces of gold. The construction phase of the project is 50% complete; commercial production starts in 2013. The Mongolian Government acquired a 34% interest in the project and Ivanhoe Mines kept a controlling 66% interest in Oyu Tolgoi. Global miner Rio Tinto, which joined Ivanhoe Mines as a strategic partner three years ago, presently holds a 49% interest in Ivanhoe Mines. This article will provide an overview of each of the partners, of the project and conclude with investment possibilities. To read the full article, click hereMongolia in Partnership with Ivanhoe Mines and Rio Tinto

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