Ivanhoe Mines Ltd.

Ivanhoe Mines Ltd.

July 08, 2009 08:38 ET

Ivanhoe Mines Appoints Jean Chretien, Former Canadian Prime Minister, as Senior International Adviser

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2009) - Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN), today announced the appointment of the Right Honourable Jean Chretien, the 20th Prime Minister of Canada, as senior international adviser to the company.

Mr. Chretien has been active in Canadian and global development circles as a lawyer with the Canada-based international law firm, Heenan Blaikie, since retiring as Prime Minister and leader of the Liberal Party of Canada in 2003. He entered national politics in 1963 and served three terms as Prime Minister of Canada between 1993 and 2003.

During his long parliamentary career, Mr. Chretien held a succession of senior cabinet posts in the Canadian Government, including Minister of Finance, Minister of Justice and Attorney General, Minister of Energy, Mines and Resources and Minister of Industry, Trade and Commerce.

"Jean Chretien was instrumental in advancing relationships between many Canadian businesses and rapidly industrializing China and its neighbour nations through his hands-on, prime ministerial leadership of a series of successful Team Canada trade development missions," said Mr. Friedland.

"He helped Canadians realize the promise of their destiny as a Pacific Rim nation founded in part on Canada's history as a central link in the maritime Silk Road that connected Asia with the Americas and Europe. Ivanhoe Mines is focused on mining, development and exploration projects in the Asia Pacific region, including Mongolia, China, Australia, Indonesia, Kazakhstan and the Philippines. We believe that Mr. Chretien's experience and knowledge will be a prime asset in assisting the Ivanhoe companies to continue to build their businesses through opportunities that will be encountered in the energy and mineral resource sectors around the world during what is becoming the Asian Century."

Ivanhoe Mines is an international mining and exploration company. Its shares are listed on the Toronto, New York and NASDAQ stock exchanges under the symbol IVN. The company's core assets are its world-scale Oyu Tolgoi copper and gold mine development project in southern Mongolia, its large shareholdings in Mongolian coal miner SouthGobi Energy Resources (TSX VENTURE:SGQ) and in Ivanhoe Australia (ASX:IVA), which has reported significant discoveries of molybdenum, rhenium and copper.

Mr. Chretien will provide advisory services to Ivanhoe Capital Corporation's affiliates through a contract with Global Mining Management, a private service company based in Vancouver, Canada. Global Mining is jointly owned by several companies, including: Ivanhoe Mines Ltd. and its subsidiaries, SouthGobi Energy Resources Ltd. and Ivanhoe Australia Ltd.; as well as Ivanhoe Energy Inc. and the privately-held Ivanhoe Nickel & Platinum Ltd.

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  • Ivanhoe Mines Ltd.
    Bill Trenaman
    Ivanhoe Mines Ltd.
    Bob Williamson