Ivanhoe Mines appoints Citi as adviser on strategic options to further enhance shareholder value

Robert Friedland, Executive Chairman of Ivanhoe Mines, announced that the company has retained leading global investment banking firm Citi and independent miningsector specialist Hatch Corporate Finance to evaluate and advise the company on a range of strategic options to further enhance shareholder value.

"Our Board of Directors and management team are delivering on our commitment to build value for our shareholders,” said Mr. Friedland. "With the excellent progress that now is being made on moving the Oyu Tolgoi copper and gold project toward production, and with the strong performance of our SouthGobi Energy coal subsidiary in Mongolia and Ivanhoe Australia’s copper, molybdenum and rhenium discoveries, this is the right time to explore options available to us to further enhance value from our successes.”

Citi and Hatch will assist Ivanhoe’s management to evaluate a range of options during coming months. Options include, but are not limited to, potential debt/equity offerings, a credit facility, the sale of subsidiaries, equity investments, project financing and/or various corporate transactions. Mr. Friedland said that no specific transaction is being considered at this ti