Ivanhoe CEO: No delay in power for Oyu Tolgoi mine
MELBOURNE -(MarketWatch)- Ivanhoe Mines Ltd. IVN +7.80% remains confident power from China for its massive copper and gold mine being developed in neighboring Mongolia will be delivered on schedule, the company's chief executive said Thursday.
"There is only a very, very small probability of a delay," Robert Friedland, CEO and founder of the Canadian company, told an industry luncheon in Melbourne.
The Oyu Tolgoi mine is months away from initial production and will reach commercial output in 2013, Friedland said. Ivanhoe is 49% owned by Rio Tinto PLC RIO +0.58% .
"There is only a very, very small probability of a delay," Robert Friedland, CEO and founder of the Canadian company, told an industry luncheon in Melbourne.
The Oyu Tolgoi mine is months away from initial production and will reach commercial output in 2013, Friedland said. Ivanhoe is 49% owned by Rio Tinto PLC RIO +0.58% .
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