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Ivanhoe Mines

Ivanhoe Mines is an international mining company with operations focused in the Asia Pacific region. Ivanhoe's core assets are its world scale Oyu Tolgoi Copper and Gold Project and mineral exploration properties that it holds in southern Mongolia, where additional copper and gold discoveries are being evaluated. Ivanhoe also is exploring for copper, uranium and gold in the Cloncurry District in Queensland, Australia, and in the Chinese province of Inner Mongolia.

On October 18, 2006, world mining leader Rio Tinto (RTP: NYSE; RIO: LSX, ASX) agreed to form a strategic partnership by investing in Ivanhoe and, through an Ivanhoe-Rio Tinto Technical Committee, will jointly engineer, construct and operate Ivanhoe's Oyu Tolgoi copper-gold mining complex in Mongolia's South Gobi region. The agreement creates a defined path for Rio Tinto to make an immediate investment in the equity of Ivanhoe Mines of approximately US$303 million (CDN$345 million), an amount that will increase, under defined conditions, to up to approximately US$1.5 billion (CDN$1.7 billion). Provisions of the agreement between Ivanhoe Mines and London-based Rio Tinto can be found in Ivanhoe's October 18, 2006 news release.

In May 2007, Ivanhoe transferred its Mongolian coal properties to SouthGobi Energy Resources Ltd., a Canadian coal mining company listed on the TSX Venture Exchange (SGQ). As a result of the transaction, Ivanhoe owns approximately 90% of the common shares of SouthGobi Energy Resources.

Mongolia is, and soon will be an extrememly large resource for copper and gold. And considering that Mongolia is still a third-world country, it will be interesting to see whether the money actually benefits the country, or lines the pockets of already wealthy investors and politicians.

This is a map specifying the areas that Ivanhoe Mines is involved in, the legend offers further information on the projects:

Ivanhoe to develop $100billion Copper District.

Ivanhoe Mines plan to bring the Ogu/Toigoi copper/gold deposit into production in the third quarter of 2007.

It will be developed at a cost of $1billion, the deposit has a 2.85% deposit grading, the highest discovered in the world. At current prices there is over $100billion of metal in the ground.

Ivanhoe Mines key asset is its 100% interest in the Oyu Tolgoi Project, the world's largest copper-gold development project, 80 km north of the China border. Ivanhoe released its independent Integrated Development Plan (IDP) for the Oyu Tolgoi copper and gold project in Mongolia in September, 2005. Open-pit mining will be configured around the underground production plan to provide a sustained, total throughput of between 140,000 and 160,000 tonnes of ore per day.

The IDP, based on the independent resource estimate prepared by AMEC and released in May, 2005, and an assumed mine life of approximately 40 years, provides an informative summary of the future development of the Oyu Tolgoi Project. The recent discovery of significant additional high-grade mineralization in the open-ended Hugo Far North Discovery has extended the Hugo North deposit well beyond the northern limit used in the May, 2005, AMEC estimate.

Ivanhoe also controls exploration rights covering approximately 130,000 square kilometres in central and southern Mongolia, where additional discoveries of coal, copper and gold are being delineated. Ivanhoe also is exploring for gold and copper in Inner Mongolia, China, and Queensland, Australia

Ivanhoe Mines is a 50%-owner of the Monywa Copper Mine in Myanmar, a heap-leach, SX/EW mine which produces LME Grade A copper cathode a year. (Ivanhoe Mines Ltd., 2004).

What are these?