24.08.10 01:06 Age: 9 yrs
IVANHOE MINES ANNOUNCES FINANCIAL RESULTS AND REVIEW OF OPERATIONS FOR THE SECOND QUARTER OF 2010
Ivanhoe Mines announced its results for the quarter ended June 30, 2010 on August 16, 2010.
Ivanhoe Mines Ltd., being one of the most prosperous mine enterprises in Mongolia, is focused on the development of its discoveries in the Asia Pacific region. The second quarter review has shown its status of development in its business. Ivanhoe’s core assets are its 66% interest in the world-scale Oyu Tolgoi copper and gold mine development project in southern Mongolia; its 57% interest in Mongolian coal miner SouthGobi Resources; its 81% interest in Ivanhoe Australia, with copper-gold and molybdenum-rhenium development projects; and its 50% interest in Altynalmas Gold Ltd., which is developing the Kyzyl Gold Project in Kazakhstan.
Its Oyu Tolgoi Project in southern Mongolia, with production planned to commence in 2013, is confirmed to have the mineral resources to become one of the world’s top three copper-gold producers and an industry model of responsible, environmentally-sound mineral development. And the average annual production at Oyu Tolgoi over the first 10 years is expected to exceed 1.2 billion pounds (544,000 tonnes) of copper and 650,000 ounces of gold.
Lehman, Lee & Xu, as the largest firm in Mongolia, has been representing Ivanhoe in Mongolia for years. “Lehman, Lee & Xu is a prominent Chinese corporate law firm and trademark and patent agency with offices in Beijing, Shanghai, Shenzhen, Hong Kong, Macau and Mongolia.” said Edward E. Lehman, the founder and director of the Mongolia office of Lehman, Lee & Xu. “And we are specialized in doing consulting and helping with international client with their finance, dividend distribution, etc, including Ivanhoe.”
To learn more about us, please visit our website at www.lehmanlaw.com.