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Balance Sheet Cash Flow Statement 999 Canada Place, Ste. 654 Vancouver, British Columbia V6C 3E1, Canada Tel. 604-688-5755 Toll Free 888-273-9999 Fax 604-682-2060 |
Type: Public
On the web:
http://www.ivanhoemines.com
Employees:
1,139
Employee growth: 21.0%
This Ivanhoe is not Walter Scott's hero of yore, but it does have an adventurous story to tell. Ivanhoe Mines explores for and develops mineral properties, primarily in Asia. Its main projects are both located in Mongolia: Oyu Tolgoi, a project that holds an estimated 20 million ounces of gold and another 20 billion tons of copper, and the coal mining property Ovoot Tolgoi. Other holdings include stakes in gold mines in Kazakhstan and China. Chairman Robert Friedland owns 32% of Ivanhoe. In 2006 Rio Tinto acquired a 10% stake in Ivanhoe in exchange for assistance in the development of the Oyu Tolgoi project; it raised that stake to just below 20% in 2009.
Key numbers for fiscal year ending December, 2008:
Sales: $3.1M
Net income: ($184.1)M
Officers:
Chairman: Robert M. Friedland
President, CEO, and Director: John Macken
CFO: Tony S. Giardini
Competitors:
Caledon
Centerra Gold
Zijin Mining
