MAC: Mines and Communities

Ivanhoe mis-quoted?

Published by MAC on 2005-10-24

Ivanhoe mis-quoted?

Ivanhoe Mines has backed away from a claim attributed to Mark Whitehead, senior V-P of Ivanhoe Myanmar Holding Ltd in Yangon that the Monywa copper mine had earned US$ 1.25 billion for the Myanmar government since it started production in 1998. Ivanhoe Investor Relations in Vancouver sent along a copy of a correction letter to the Myanmar Times from Whitehead in which he claimed he had been misquoted in an article that MAC published. What Whitehead claims to have told the Times reporter is that "approximately $US 1.25 billion in economic activity in Myanmar has been generated since production began in 1998".

Home | About Us | Companies | Countries | Minerals | Contact Us
© Mines and Communities 2013. Web site by Zippy Info