Ivanhoe appoints MLAs for Oyu Tolgoi

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20 July 2010

Ivanhoe Mines has appointed a core lender group of five financial institutions that will lead the arrangement of its Oyu Tolgoi copper and gold mining complex debt package in Mongolia.

Ivanhoe Mines has appointed BNP Paribas, Standard Chartered and Export Development Canada (EDC) to the core lender group of five financial institutions that will lead the arrangement of a project finance debt package for the Oyu Tolgoi copper and gold mining complex in...

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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%