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Article: Ivanhoe Mines Receives Chinese Central Government Approval for Inner Mongolia Gold, Copper and Silver Projects.
- Article from:
- PR Newswire
- Article date:
- January 18, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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30-YEAR BUSINESS LICENCE GRANTED
Ivanhoe Mines Chairman Robert Friedland and Executive Vice President, Exploration, Douglas Kirwin today announced that the Chinese Ministry of Land & Resources (MOLAR) has approved the transfer of six exploration licences held in the name of the Inner Mongolia Bureau of Geology (Bureau) into Ivanhoe's Yahao joint venture, an 80/20 joint venture between Ivanhoe Mines (80%) and the Bureau (20%). In addition, the joint venture has received a 30-year Permanent Business Licence from the Inner Mongolia Provincial Government.
Yahao is the first fully-approved Sino-Foreign joint venture in China's Inner Mongolia Autonomous Region ...