NEWS FROM THE WIRES |
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Ivanhoe Mines finds copper/gold zone in Mongolia Jul 17 2001 10:40 AM PDT
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PROFILE |
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"This" Ivanhoe is "not" Sir Walter Scott's hero of yore, but it "is" a golden oldie. Ivanhoe Mines, formerly Indochina Goldfields, explores for gold and copper and develops properties mainly in Indonesia, Myanmar, South Korea, Thailand, and Vietnam. Ivanhoe indirectly owns 70% of the Bakyrchik gold mine in Kazakhstan (in care and maintenance status pending gold price recovery) and 50% ownership in the Monywa Copper Project in Myanmar. Subsidiary Kola Ventures owns 18% of the Emperor gold mine in Fiji. Ivanhoe is exploring in Mongolia, and it has agreed to acquire ABM Mining (iron ore and copper; Tasmania, Australia). Chairman Robert Friedland owns 56% of Ivanhoe.
COMPETITION |
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 22.50
1-Yr. Sales Growth: 9.2%
Employees: 1,260
Revenue per employee: $17,857.14
KEY PEOPLE |
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Robert M. Friedland
CEO
Peter Meredith
CFO
CONTACT INFO |
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Waterfront Centre, Ste. 900, 200 Burrard St.
Vancouver British Columbia V6C 3L6, Canada
Phone: 1-604-688-5755
Fax: 1-604-682-2060
Online: Web Site
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