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Ivanhoe earns US$1.3 million on debt

IVANHOE Mines has made a US$1.34 million profit on a US$50 million treasury bill from the government of Mongolia, where its world class Oyu Tolgoi copper gold project is located.

Rebecca Keenan
Ivanhoe earns US$1.3 million on debt

Ivanhoe purchased the bill one year ago after the government asked for help to reduce its substantial Soviet-era debt to the Russian Federation. The chairman of Ivanhoe, Robert Friedland, said the debt...

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