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.
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