Ivanhoe Mines (TSE:IVN) Production Goal at Kazakhstan Mine

Ivanhoe Mines Kyzyl Gold Project

Ivanhoe Mines (TSE:IVN) says it has a goal to begin production on its Kyzyl gold project, located in Kazakhstan, by 2013. Ivanhoe has a 50 percent stake in the project.

The holding company is named Altynalmas Gold, which Ivanhoe has a 50 percent stake in, along with its privately-held partner from the country.

With construction scheduled to begin in 2011, Ivanhoe has been seeking investment partners to prepare to move forward with its production efforts.

Ivanhoe recently raised $232.76 million issuing shares to Australian mining giant Rio Tinto for other projects.