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Ivanhoe Australia's Osborne Project to Ship First Copper, Gold

By Robb M. Stewart MELBOURNE--Ivanhoe Mines Ltd.'s (IVN) Australian unit will make its first shipment of copper and gold from its Osborne project in northwestern Queensland to an Asian smelter on Friday. Ivanhoe Australia Ltd. (IVA.AU) in a statement valued the copper concentrate around A$15 million and the gold at A$5 million. The 10,600 wet metric ton shipment of concentrate has been loaded and is expected to leave Townsville Friday. Ines Scotland, who was last week named interim chief executive following the sudden resignation of Peter Reeve, said the start of cashflow from Osborne is an important development for the company. "We are planning another three similar shipments this year followed by full production next year," Ms Scotland said. The project recently poured its first bar of gold dore, weighing about 9 kilograms. First production of copper and gold at the site began in March. Ivanhoe Australia is 59% owned by Ivanhoe Mines, which in turn is majority owned by Rio Tinto PLC (RIO). Write to Robb M. Stewart at robb.stewart@wsj.com

Stock News for Companhia Vale (RIO)
DateTimeHeadline
08/28/201408:12:47EUROPE MARKETS: Bouygues Falls After Warning; Essilor Rallies:...
08/28/201406:30:51LONDON MARKETS: FTSE 100 Snaps Two-day Winning Streak As Miners...
08/22/201413:09:32EUROPE MARKETS: Hugo Boss Climbs; Oil Stocks Drop: Europe Movers
08/22/201412:27:52LONDON MARKETS: FTSE 100 Ends Choppy Day Lower As Miners Weigh
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08/21/201412:18:43EUROPE MARKETS: Raiffeisen Rallies, Miners Slip: Europe Movers
08/21/201412:17:19LONDON MARKETS: Miners Drop In London After Weak China PMI
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08/18/201417:36:49ADR Shares End Higher; Rio Tinto Shares Trade Actively
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08/14/201404:23:25LONDON MARKETS: Banks Rise, Miners Stumble In London Trade
08/13/201412:33:07EUROPE MARKETS: Admiral Drops, E.On Rises In European Trading
08/13/201412:29:15LONDON MARKETS: Pound Hit, U.K. Stocks Up As Rate Hike Appears...
08/13/201411:16:33LONDON MARKETS: Pound Slides, U.K. Stocks Up After Weak BOE Wage...
08/11/201412:51:09EUROPE MARKETS: European Stocks Rise As Ukraine Tensions Ease
08/11/201412:49:43LONDON MARKETS: U.K. Stocks Rise; Rio Tinto Among FTSE Leaders
08/11/201411:09:17LONDON MARKETS: U.K. Stocks Rise As Geopolitical Tensions Ease
08/11/201409:51:05EUROPE MARKETS: Europe Stocks Rise As Ukraine Tensions Ease

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