SANTIAGO, Apr 08, 2010 (Dow Jones Commodities News via Comtex)

An independent development plan for the Oyu Tolgoi copper mine in Mongolia is slated to be announced after a shareholder meeting in May, the executive chairman of Ivanhoe Mines Ltd. said Thursday.

Ivanhoe is now looking at "a number of interesting alternatives to enhance our shareholder value," Robert Friedland said. It has hired Citigroup Inc and Hatch Corporate Finance, a London-based mining adviser, to explore financing options.