REFILE-Ivanhoe Mines says has strategic options

Wed Nov 24, 2010 6:13pm GMT
 

Ivanhoe, which needs to come up with its share of $4.6 billion needed to build Oyu Tolgoi, is considering possible sales of subsidiaries, equity investments, project financing and various corporate transactions, it has said.

The group is seeking to arrange more than $2 billion of financing with 13 institutions, including the World Bank's International Finance Corporation, BNP Paribas and Standard Chartered.

Oyu Tolgoi, is due to become the world's third biggest copper-gold mine after it launches output in late 2012.

The mine complex is due to produce 544,000 tonnes of copper and 650,000 ounces of gold a year for the first 10 years. (Editing by David Holmes)

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