Ivanhoe Mines 2011 net loss widens, Mongolia project on track for Q3 startup | CanadianBusiness.com: "VANCOUVER - Ivanhoe Mines Ltd. reported a wider net loss for 2011 on Tuesday as it said its copper-gold mine in Mongolia remains on track to start up in the third quarter.
The 2011 loss of $570.4 million, or 83 cents per share, compared to a loss of $211.5 million, or 42 cents per share, in 2010.
Revenues increased to $179 million from $79.8 million a year earlier.
The company said its Oyu Tolgoi mine in southern Mongolia was about 73 per cent complete at the end of February, and is on track to start up during the third quarter. Commercial production is slated to begin during the first half of 2013."
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