Investors including Gavin Van Der Wath say Friedland may need to partner with one of the biggest mining companies to develop the deposit.
151
Ivanhoe May Be Left Without Partner
Anglo American Plc, the No. 2 mining company in the world, may not invest in Canadian company Ivanhoe Mines Ltd, because...
Anglo American Plc, the No. 2 mining company in the world, may not invest in Canadian company Ivanhoe Mines Ltd., which owns one of Asia biggest copper and gold deposits in Mongolia, because Ivanhoe's market value is too high.
Ivanhoe's stock rose 21 percent since Aug. 20, valuing the company at $1.7 billion after surveys showed the Oyu Tolgoi mine may hold $60 billion of copper and gold.
The chairman of Ivanhoe Robert Friedland said the cost of developing the deposit will be approximately $1 billion.
Investors including Gavin Van Der Wath say Friedland may need to partner with one of the biggest mining companies to develop the deposit.
Investors including Gavin Van Der Wath say Friedland may need to partner with one of the biggest mining companies to develop the deposit.
Подпишитесь
