MarketWatch / marketwire: Ivanhoe Mines Announces 2011 Financial Results and Review of Operations

Ivanhoe Mines Ltd. today announced its financial results for the year ended December 31, 2011. All figures are in US dollars unless otherwise stated. Highlights: — Overall construction of the first phase of the Oyu Tolgoi copper-gold mining complex in southern Mongolia was 72.7% complete at the end of February 2012 and remains on track to meet the mine’s targeted start of initial production in Q3’12. Commercial production is projected to begin in the first half of 2013. —  Total capital invested in the construction of the first phase of the Oyu Tolgoi Project to the end of 2011 was approximately $4.0 billion. To read the full article, click hereIvanhoe Mines Announces 2011 Financial Results and Review of Operations

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