Ivanhoe CEO Says Confident Power For Oyu Tolgoi Will Be On Time
November 30 2011 - 11:02PM
Dow Jones News
Ivanhoe Mines Ltd. (IVN) remains confident power from China for
its massive copper and gold mine being developed in neighboring
Mongolia will be delivered on schedule, the company's chief
executive said Thursday.
"There is only a very, very small probability of a delay,"
Robert Friedland, CEO and founder of the Canadian company, told an
industry luncheon in Melbourne.
The Oyu Tolgoi mine is months away from initial production and
will reach commercial output in 2013, Friedland said.
Ivanhoe is 49% owned by Rio Tinto PLC (RIO).
-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094;
robb.stewart@dowjones.com
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