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(Marketwire - Aug. 3, 2011) - Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN), its Chief Executive Officer and founder Robert Friedland and the company's management team have been awarded Dealmaker of the Year honours by Australia's Diggers and Dealers Mining Forum. The award recognizes Ivanhoe Mines' ongoing development of the Oyu Tolgoi Project in Mongolia and 62%-owned subsidiary Ivanhoe Australia's development of its Cloncurry projects in the Australian state of Queensland.
"Ivanhoe has managed to retain full project equity. It did invite a 'big brother' to the table, but through the entrepreneurial skills of Robert and his team, Rio (Tinto) took equity in Ivanhoe rather than direct project equity, allowing shareholders of Ivanhoe to participate fully in project development rather than being diluted out of the main game."
Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) is an international mining company with operations focused in the Asia Pacific region. Assets include the company's 66% interest in the Oyu Tolgoi copper-gold-silver mine development project in southern Mongolia; its 57% interest in Mongolian coal miner SouthGobi Resources (TSX:SGQ)(HK:1878); a 62% interest in Ivanhoe Australia (TSX:IVA)(ASX:IVA), a copper-gold-uranium-molybdenum-rhenium exploration and development company; and a 50% interest in Altynalmas Gold Ltd., a private company developing the Kyzyl Gold Project in Kazakhstan.