Ivanhoe Mines’ share price is swooning again under the weight of a wave of news stories. The shares were down 30% from their March 13, 2012 close as of April 13, 2012. This is the third major offensive on Ivanhoe Mines’ share price since September 2011. I discussed the prior two declines in Ivanhoe Mines share value in December. Since that time, Rio Tinto has taken a 51% ownership stake in Ivanhoe Mines (in January 2012) and Ivanhoe Mines signed a memorandum of understanding in April 2012 to sell its 57.6% stake in SouthGobi Resources to Chalco. To read the full article, click here: Are there Copper-Gold Value Stocks in Mongolia’s South Gobi Region?
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Mongolia in International Press & Media – Latest
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- TurkishPress: Turkish airlines launches flights to Ulan Bator
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- Reuters: SouthGobi jumps over 12% on Chalco interest
- 4-Traders: Resignation and Appointment of Non-Executive Director
- Reuters: Mongolia’s task – avoid Nigerian resource curse
- Mongolia Today: Steps toward New Government
- Scoop.co.nz: Media Personnel Attacked for Election Reporting in Mongolia
- Reuters: Chalco announces delay in bid for SouthGobi stake
- ProactiveInvestors: Chalco delays bid for SouthGobi stake
- Fox News / Dow Jones Newswires: Chalco Delays SouthGobi Bid by 30 Days
- Canadian Business / The Canadian Press: Ivanhoe Mines and Chalco agree to extend Chinese takeover bid of SouthGobi
- Bloomberg: Mongolia Energy Slumps to Lowest in Five Years
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