Financial Post: Friedland resigns from Ivanhoe Mines in Rio Tinto shake-up

After running out of options in a multi-year chess battle with Rio Tinto Ltd., there was nothing left for Robert Friedland to do but walk away. In doing so, he leaves behind a $10-billion company that he built from scratch, and the satisfaction that he defied the skeptics and developed a mine in a country that very few investors believed in. In short, Ivanhoe Mines Ltd. was another big win for Mr. Friedland, though his involvement ends with a creeping takeover instead of the premium, all-cash bid that investors have come to expect from Friedland stocks. Mr. Friedland resigned from Ivanhoe Wednesday, as did the entire management team and six other board members that were not appointed by Rio Tinto. To read the full article, click hereFriedland resigns from Ivanhoe Mines in Rio Tinto shake-up

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