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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