MarketWatch / marketwire: Ivanhoe Mines and Rio Tinto Sign Omnibus Agreement to Ensure Funding Through to Commercial Production and Additional Expansion at Oyu Tolgoi Copper-Gold-Silver Project

Ivanhoe Mines’ founder Robert Friedland announced today that the company has signed a binding memorandum of agreement with majority shareholder Rio Tinto that establishes Rio Tinto’s support for a series of funding measures expected to cover all projected capital requirements for Ivanhoe’s flagship Oyu Tolgoi Project in southern Mongolia for the next four to five years. “This agreement sets the stage for the Oyu Tolgoi Project’s transition to a major mining operation in coming months,” Mr. Friedland said. “The measure of certainty that Rio Tinto’s financial resources and global industry leadership bring to the realization of our long-cherished Oyu Tolgoi dream is reassuring for the people and government of Mongolia, and for Ivanhoe’s shareholders. To read the full article, click hereIvanhoe Mines and Rio Tinto Sign Omnibus Agreement to Ensure Funding Through to Commercial Production and Additional Expansion at Oyu Tolgoi Copper-Gold-Silver Project

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