Ivanhoe Mines Ltd., developing the Oyu Tolgoi copper-and-gold deposit in Mongolia with Rio Tinto Group PLC, fell on speculation the country's new President may slow approval of a draft agreement to proceed with the project.
Ivanhoe has been trying for more than five years to complete an investment pact with Mongolia to develop Oyu Tolgoi. London-based Rio Tinto called the deposit "the world's largest undeveloped copper-gold resource" when it agreed to buy 10% of Ivanhoe in October, 2007.
Ivanhoe Mines shares take hit on Mongolian leadership change
Posted by Tamir 990 days ago (http://www.nationalpost.com)
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