MINING.com: Ivanhoe up 23% in a week as Oyu Tolgoi news just gets better

Shares in Ivanhoe mines closed up just over 5% in Toronto on Monday outperforming the broader market and bringing the counter’s gains to 23.2% over the last week. At a time when many miners across the developing world struggle to preserve their social licence, the impact of Ivanhoe’s Oyu Tolgoi on the people of Mongolia stands in stark contrast: the mine will contribute a third of the country’s GDP when it goes into full operation, will be mined until at least 2060 and increase the average earnings of Mongolians by 60% according to a new CNN report. To read the full article, click hereIvanhoe up 23% in a week as Oyu Tolgoi news just gets better

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