Ivanhoe Mines Update on Mongolian Parliament's Discussion of the Investment Agreement for Construction and Operation of the Oyu Tolgoi Mining Complex
Ivanhoe Mines' (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) President and CEO John Macken said the company has noted the formal vote recorded today in Mongolia's State Great Khural (national Parliament) to advance approval discussions of the comprehensive Investment Agreement for the Oyu Tolgoi copper-gold project in the South Gobi Region.
The vote to proceed with consideration of the draft agreement was supported by 75% of the members of Parliament present and followed six hours of discussion, during which the agreement was formally introduced by the Parliament's Standing Committee on Economics. The Standing Committee announced that it had voted 13-1 in favour of authorizing the government to sign the agreement.
- Published: 09 July 2009
- Written by Editor