Fox News / Dow Jones Newswires: Ivanhoe Australia CEO – Expects Funding for Projects in Place by Mid-Year

Ivanhoe Australia Ltd. expects to have in place by the middle of the year funding for the development of a basket of base-metals projects in northwestern Queensland, Chief Executive Officer Peter Reeve said Thursday. The company in January engaged UBS Investment Bank to help it evaluate proposals from potential strategic partners for its Cloncurry portfolio. Offers are now at the indicative stage, Reeve said in a telephone interview. Final bids are due May, he added. Ivanhoe Australia spoke with unnamed parties before it appointed UBS to seek a partner that could add technical and balance-sheet support through a minority investment in the projects. To read the full article, click hereIvanhoe Australia CEO – Expects Funding for Projects in Place by Mid-Year

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