Seeking Alpha: Ivanhoe Mines’ Share Price – Should it Go Down Like This?

The Oyu Tolgoi copper-gold mine is a joint project of Ivanhoe Mines, Rio Tinto and the Mongolian government. The impact of the mine’s copper and gold on the Mongolian economy will be significant to the point that Cameron McRae of Rio Tinto, who is CEO of the mine, was quoted September 8, 2011, saying the mine would boost the GDP of the entire country by 33% on its own by 2020. The breakdown of ownership of Oyu Tolgoi is actually that Ivanhoe Mines owns 66% of the project and the Mongolian government owns 34% of the project. Rio Tinto comes into play as it now owns 49% of Ivanhoe Mines, and thus it indirectly owns approximately 33% of Oyu Tolgoi. To read the full article, click hereIvanhoe Mines’ Share Price – Should it Go Down Like This?

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