With RIO likely to focus its funds on the Oyu Tolgoi project, RIO is likely to divest its 59% in IVA (held from Ivanhoe Mines).
OZL with a depleting Prominent Hill and Carrapateena not ready for production until post 2016.
IVA is already in production with a long life mine in Conclurry, which neighbours Xstrata.
IVA should be ripe and easy for a change of ownership and better suited with a smaller miner but growing, like OZL.
Add to My Watchlist
What is My Watchlist?