PARTS OF SPEECH

“The main responsibility of the Oyu Tolgoi LLC Board members from the Mongolian side is to ensure maximum profit for the state. They must keep an alert and watchful eye on how money is spent in the project, and get a grip on the internal mechanism of running such a company.”

D.Sugar, head of the State Property Committee.

“The new, independent Integrated Development Plan is further confirmation that Oyu Tolgoi will positively and significantly contribute to Mongolia’s economic growth and social development for generations to come.”

John Macken, Chief Executive Officer,
Ivanhoe Mines.

“Ivanhoe Mines believes that Oyu Tolgoi will stand tall in the pantheon of the world’s greatest mines.”

Robert Friedland, Executive
Chairman and President, Ivanhoe Mines.

“Ivanhoe Mines is likely to have another participant before it’s all over. We’ve had a lot interest from other majors but our partner is Rio Tinto, so we have to be respectful of what their dreams and desires are. Mongolia’s a fledgling place where the multiples haven’t reached the limits that you get elsewhere. If CIC or other folk were thinking of investment, that’s probably a pretty good place to look providing the values are there and the numbers are there.”

Peter Meredith, Deputy Chairman, Ivanhoe Mines.

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