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.
Known locally as Oyu Tolgoi, the copper and gold mine, co-owned by Vancouver-based Ivanhoe Mines Ltd. and the Mongolian government, is expected to balloon the Central Asian country's GDP - an estimated $13.28 billion in 2011 - by more than 30 per ...
A $7.70 drop in the price of gold, to $1,672.00 US an ounce, accounted for some of the decline in the materials sub-index, as did a dip in the share price of Ivanhoe Mines Ltd., which fell 7.88% to $14.37 after both Toronto-Dominion and Bank of ...
Rio Tinto has appointed prominent climate sceptic Ian Plimer as interim chairman of Vancouver based Ivanhoe Mines, after winning a battle for control of the company with its founder, the 61-year-old sef made billionair Robert Friedland.
MORE doubts have emerged about the planned $40 billion Browse LNG project near Broome after the federal and West Australian governments agreed to give Woodside Petroleum another year to make a decision on going ahead.
The mining magnate has previously run for pre-selection in Peter Slipper's electorate of Fisher in 1984. Mr Palmer would stand a good chance of unseating the Treasurer, who holds Lilley by a slim margin of 3.18 per cent.
One measure he has flagged is exempting young people from tough provisions introduced to the Bail Act in 2007 that limited the right of accused offenders to make repeated applications for bail once an initial bid is refused.