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Ivanhoe knocks back Noranda

IVANHOE Mines chairman Robert Friedland has turned down a proposal from Canadian miner Noranda to develop the Oyu Tolgoi copper gold project in Monglia and said it was more likely to consider vesting minority stakes to Chinese, Japanese or Korean companies.

MiningNews.Net
Ivanhoe knocks back Noranda

Discussions regarding the mine partnerships and financing have been ongoing for the project where capital costs have been flagged at US$1 billion. According to The Canadian Press, Friedland indicated...

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