Daily Business News Mongolia

London-based Rio Tinto group, a major shareholder of Ivanhoe Mines Inc which is holding license of Oyutolgoi, reported yesterday its first-half earnings. Net profit soared to $6.91 billion U.S., up from $3.25 billion a year earlier, and the interim dividend was increased by 31 per cent to 68 cents a share.

“We’ve achieved some outstanding results in the first six months of this year and broken many of our previous records,” the chairman, Paul Skinner, said.

See media release of Rio Tinto

Related post

• Rio Tinto Sends Letter to Shareholders and Notes Negotiations with Mongolian Government on Oyutolgoi
• Ivanhoe Mines Issues Financial Results and Review of Operations For the Third Quarter of 2008
• William Pesek: Mining wealth not an automatic remedy to poverty
• Entree Expands Coal Exploration
• Pink Floyd’s Money Travels Long Way to Mongolia: William Pesek
• Rio’s Grasberg mine cuts copper production outlook
• Ivanhoe still in talks over massive Mongolian mine
• Why Mongolia wants more neighbours
• It is hard to say that there was a progress in the negotiation of the investment agreement
• Ivanhoe to develop local copper mines