SteelGuru: Ivanhoe Mines negotiates an additional bridge financing plan for Oyu Tolgoi

Mr David Huberman chairman of Ivanhoe Mines announced that the company’s Board of Directors has received a progress report from its Special Finance Committee on the status of a comprehensive financing plan to cover the completion of the first phase of the Oyu Tolgoi mining complex in southern Mongolia through to the projected start of commercial production of copper, gold and silver in 2013. The four member committee is working in an advisory role with the company’s management to review components of the comprehensive plan which includes a wide range of financing alternatives in addition to a major, long term, limited recourse project finance facility that currently is under negotiation. To read the full article, click hereIvanhoe Mines negotiates an additional bridge financing plan for Oyu Tolgoi

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