Form 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
From:
March 29, 2010
(Translation of Registrants Name into English)
Suite 654 999 CANADA PLACE, VANCOUVER, BRITISH COLUMBIA V6C 3E1
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.)
Form 20-F- o Form 40-F- þ
(Indicate by check mark whether the registrant by furnishing the information contained in this form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.)
Yes: o No: þ
(If Yes is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): 82-_______________.)
Enclosed:
News Release
March 22, 2010
Ivanhoe Mines closes US$241 million private placement with Rio Tinto
LONDON, ENGLAND Robert Friedland, Executive Chairman of Ivanhoe Mines, announced today that the
company has closed its private placement with Rio Tinto that was announced on March 1, 2010.
As part of the private placement agreement, Ivanhoe Mines has issued 15 million common shares to
Rio Tinto at CDN$16.31 per share, for total proceeds of CDN$244.7 million (US$241.1 million
equivalent). Ivanhoe Mines has used CDN$198.2 million (US$195.4 million equivalent) of the proceeds
to purchase from Rio Tinto key mining and milling equipment for the Oyu Tolgoi copper-gold mining
complex in Mongolia. Ivanhoe Mines has received the balance of the proceeds, CDN$46.4 million
(US$45.7 million equivalent), which will be used to purchase additional equipment and for general
corporate purposes.
The equipment being acquired from Rio Tinto includes principal components for the
100,000-tonne-per-day Oyu Tolgoi phase-one copper-gold concentrator, including two large,
38-foot-diameter, semi-autogenous grinding (SAG) mills, four ball mills, re-grind mills, crushers,
motors, gearless drives, conveyors and flotation cells. Also included are the hoist and major
components for the sinking of Shaft #2 the 10-metre-diameter, main production shaft for the
underground block-cave mine at the Hugo North Deposit.
With the completion of this transaction, Rio Tinto has increased its ownership in Ivanhoe Mines
from 19.6% to 22.4%. Rio Tinto holds rights to subscribe for common shares from Ivanhoes treasury
and also to make purchases on the open market that could increase Rio Tintos stake in Ivanhoe to
up to 46.6% during the next 19 months.
About Ivanhoe Mines
Ivanhoe Mines is an international mining company with operations focused in the Asia Pacific
region. Ivanhoes core assets include its world-scale, Oyu Tolgoi copper-gold mine development
project in southern Mongolia.
Ivanhoe Mines other core assets are its 65% interest in Mongolian coal miner SouthGobi Energy
Resources (SGQ:TSX; 1878:HK); an 81% interest in Ivanhoe Australia (IVA:ASX), a
copper-gold-uranium-molybdenum-rhenium exploration and development company; and a 50% interest in
Altynalmas Gold Ltd., a private company developing the Bakyrchik and the Bolshevik gold deposits
in Kazakhstan.
Ivanhoe Mines shares are listed on the New York, NASDAQ and Toronto stock exchanges under the
symbol IVN.
Information contacts
Investors: Bill Trenaman +1.604.688.5755 / Media: Bob Williamson +1.604.331.9830
Website: www.ivanhoemines.com
Forward-looking statements
Certain statements made herein, including statements relating to matters that are not historical
facts and statements of our beliefs, intentions and expectations about developments, results and
events which will or may occur in the future, constitute forward-looking information within the
meaning of applicable Canadian securities legislation and forward-looking statements within the
meaning of the safe harbor provisions of the United States Private Securities Litigation Reform
Act of 1995. Forward-looking information and statements are typically identified by words such as
anticipate, could, should, expect, seek, may, intend, likely, plan, estimate,
will, believe and similar expressions suggesting future outcomes or statements regarding an
outlook.
All such forward-looking information and statements are based on certain assumptions and analyses
made by Ivanhoe Mines management in light of their experience and perception of historical trends,
current conditions and expected future developments, as well as other factors management believes
are appropriate in the circumstances. These statements, however, are subject to a variety of risks
and uncertainties and other factors that could cause actual events or results to differ materially
from those projected in the forward-looking information or statements. Important factors that could
cause actual results to differ from these forward-looking statements include those described under
the heading Risks and Uncertainties elsewhere in the Companys MD&A filed at www.SEDAR.com. The
reader is cautioned not to place undue reliance on forward-looking information or statements.
Except as required by law, the Company does not assume the obligation to revise or update these
forward-looking statements after the date of this document or to revise them to reflect the
occurrence of future, unanticipated events.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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IVANHOE MINES LTD.
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Date: March 29, 2010 |
By: |
/s Beverly A. Bartlett
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BEVERLY A. BARTLETT |
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Vice President & Corporate Secretary |
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