thestar.com / The Canadian Press: Buyers circling Ivanhoe assets

Ivanhoe Mines chief executive Robert Friedland, who is developing the Oyu Tolgoi mine in Mongolia, said Monday that potential buyers are sniffing around the company’s other assets. Ivanhoe said it has received detailed, written expressions of interest on potential asset sales that “could realize significant capital to support the ongoing development of Oyu Tolgoi.” In addition to its stake in 66 per cent stake in Oyu Tolgoi, Ivanhoe holds a 57 per cent interest in Mongolian coal miner SouthGobi Resources and a 54 per cent stake in Ivanhoe Australia. Ivanhoe also has a 50 per cent interest in Altynalmas Gold Ltd., a private company developing a gold project in Kazakhstan. To read the full article, click hereBuyers circling Ivanhoe assets

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