Ivanhoe Expresses Thanks For Mongolia Prioritizing Approval Of Oyu Tolgoi

Ivanhoe Mines Ltd. issued a statement thanking the Mongolian parliament for making the approval of Ivanhoe's Oyu Tolgoi copper-gold mining complex a principal priority. The Investment Agreement will be at the top of the action list for the coalition government one the spring session starts, according to a State Great Khural press statement. The news release goes into more detail.

Ivanhoe is currently trading at $5.54, down 65 cents on the day, although the release of this item has accompanied a halt in an early-morning decline.

The company's Google Finance web page is here.

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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.

Ivanhoe Mines' Oyu Tolgoi Development Plan To Be Considered By Mongolian Parliament

Mongloia's national parliament is about to consider Ivanhoe Mineals Inc.'s Investment Plan for the development of its Oyu-Tolgoi copper-gold project. Mongolia's National Security Council has approved the investment/development agreement in principle, and there are no indications as yet that the project will be blocked. More detials are in the news release, found here.

Ivanhoe's stock went up after the news was announced, to about $5.40 shortly after the market opened. A run up to $5.48 was made at about 9:55 AM. At the time of this post, though, Ivanhoe setted back to about $5.35 before advancing up to $5.45 and falling back a little to $5.43. The previous day's close was $5.27.

The Google Finance page for Ivanhoe is here.



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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.