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Ivanhoe mines ceospeech

Ivanhoe mines ceospeech






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    Ivanhoe mines ceospeech Ivanhoe mines ceospeech Presentation Transcript

    • Ivanhoe Mines Ltd.
    • Current Development
    • The Future of Ivanhoe Mines
    • OyuTolgoi is the world's largest undeveloped copper-gold project.
      It’s located in the South Gobi region of Mongolia, 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border.
      Estimates indicate that OyuTolgoi contains approximately 81 billion pounds of copper and 46 million ounces of gold in measured, indicated and inferred resources.
    • OyuTolgoi development
    • In 2010, Ivanhoe Mines recorded a net loss of $211.5 million ($0.42 per share) compared to a net loss of $280.2 million ($0.69 per share) in 2009, representing a decrease of $68.7 million.
      This was offset by revenue of $79.8 million.
      Our biggest expenses were exploration, with $218 million, up from $177 million in 2009.
      Successfully completed our strategic rights offering to shareholders that generated gross proceeds of $1.18 billion.
    • Monywa copper mine in Burma/Myanmar
      It was Burma’s largest mining investment.
      Ivanhoe Mines had a 50-50 partnership with the Burmese government.
      In 2001, the project achieved environmental certification to internal standards by independent auditors.
      In 2007, Ivanhoe transferred its 50-per-cent stake in the mine to a third-party trust fund.
      Monywa copper mine
    • Complaints were filed against alleged breaches of the Organisation for Economic Co-operation and Development (OECD) guidelines for multinational enterprises, over:
      1) the availability of an adequate supply of water for the new mine
      2) the preparation of “an appropriate environmental impact assessment.”
      OECD Complaints
    • The OyuTolgoi Project has completed numerous environmental studies since the completion of the initial Environmental Baseline Study in 2002.
      Environmental Considerations
    • There is adequate water supply in the GuniiHooloi basin to operate an OyuTolgoi mine processing 110,000 tonnes of ore per day; further expansion will be subject additional studies and water exploration.
    • A commitment to apply modern extraction and processing technology at OyuTolgoi, which meets Mongolian and international environmental codes and standards.
    • A commitment to submit and make public an independent report on the progress of the project every three years.
      • A commitment to pay the cost of eliminating material, adverse impacts on air, water, soil, animals and plants.
    • Ivanhoe Mines