Ivanhoe Mines Issues Statement on Market Activity and Discussions on Mongolia Project
September 30 2008 - 9:35AM
Marketwired
In response to queries received from investors, Ivanhoe Mines (TSX:
IVN)(NYSE: IVN)(NASDAQ: IVN) President and CEO John Macken said
today that there are no adverse material events that would account
for recent selling pressure on Ivanhoe Mines' stock in trading on
the Toronto, New York and NASDAQ exchanges.
Mr. Macken said that senior management of Ivanhoe Mines and its
strategic partner, Rio Tinto, met recently with Mongolian
government representatives to discuss the necessary remaining steps
for the negotiation and parliamentary approval of a fair and
equitable Investment Agreement for the Oyu Tolgoi copper-gold
project. He said the government representatives are well aware of
the international financial crisis and have stated that they share
the investors' high priority for the conclusion of an acceptable
agreement as soon as possible to permit full-scale construction of
the project to proceed.
Contacts: Ivanhoe Mines Ltd. Bill Trenaman Investor Relations
(604) 688-5755 Ivanhoe Mines Ltd. Bob Williamson Media (604)
688-5755 Website: www.ivanhoe-mines.com
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