Platts reported that Ivanhoe Mines (NYSE:IVN) is seeking financing to develop its Merlin moly project and other properties.
Articles Tagged "NYSE:IVN"
Mineweb reported on Ivanhoe Mining's (NYSE:IVN) operational review and financial results.
Analysts are bullish for the future of the molybdenum market stemming from growth projection in China. Steel demand, and consequently, demand for moly is expected to grow by 9 percent through 2012.
The search for new mineral wealth is pushing to the far reaches of the globe. Mongolia, the neighbor to two of the world’s largest economies, Russia and China, is on track to have the largest copper mine outside of Chile. International mining companies are taking up increased interest in Mongolia, which suffers from poverty and a lack of modern infrastructure.
Shares in mining company Ivanhoe Australia have surged nearly 30 per cent after the company said its Merlin molybdenum-rhenium deposit could be worth as much $6.4 billion. For full story, click here