A right mix-up
posted on
Apr 19, 2009 01:13PM
THIS HUB CONTAINS POSTS FOR BOTH IVN;TSX & IVA:ASX
It appears that there are two different companies called Ivanhoe Mines! The Australian operation is a separate company though it appears to be a development offshoot.
Perhaps a new hub for ASX:IVA might be the easiest way out and I will clean the various up. Otherwise it could get somewhat complicated, investing in a Mongolia coal miner instead of rare metals in the Australian outback
1. TSX:IVN & NYSE:IVN
Ivanhoe Mines is an international mining company with operations focused in the Asia Pacific region. Ivanhoe's core assets are its world-scale Oyu Tolgoi copper and gold mine development project in southern Mongolia, its large shareholdings in Mongolian coal miner SouthGobi Energy Resources (SGQ:TSXv) and in Ivanhoe Australia (IVA:ASX), an Australian copper-gold-uranium exploration and development company. Ivanhoe Mines' shares are listed on the Toronto, New York and NASDAQ stock exchanges under the symbol IVN.
Ivanhoe also is actively exploring for additional high-quality, world-scale copper and gold discoveries in China.
On October 18, 2006, world mining leader Rio Tinto (RTP: NYSE; RIO: LSX, ASX) agreed to form a strategic partnership by investing in Ivanhoe and, through an Ivanhoe-Rio Tinto Technical Committee, will jointly engineer, construct and operate Ivanhoe's Oyu Tolgoi copper-gold mining complex in Mongolia's South Gobi region. The Oyu Tolgoi Project is awaiting an approved Investment Agreement to begin full-scale construction.
2. ASX:IVAAAASX:IVA SX:IVA
Ivanhoe Australia Limited ACN 107 689 878 (Ivanhoe Australia) has announced an Initial Public Offering (IPO) of 62.5 million new fully paid ordinary shares (Shares) at an offer price of $2.00 per share (Offer). Ivanhoe Australia proposes to be admitted to the Official List of ASX Limited. UBS AG (Australia branch) (UBS) is the lead manager for the IPO.
Ivanhoe Australia lodged a prospectus on 4 July 2008 (Prospectus) with the Australian Securities and Investments Commission (ASIC) in relation to the Offer. Ivanhoe Australia also lodged with ASIC on the same date: