Asia




High-grade mineralization from Western Prospector Group's Saddle Hills uranium project, in Mongolia. Hong Kong-based Tinpo is wavering on a $1.34-per-share deal to acquire the company because of perceived uncertainty in Mongolia's uranium sector.

Tinpo backs off Western Prospector bid

Tinpo Holdings gave Western Prospector Group (WNP-V, WEPGF-o) shareholders a sudden jolt recently, when it unexpectedly announced it was taking its $74- million offer for the company off the table.


The headframe and shaft at Ivanhoe Mines' Oyu Tolgoi copper-gold project, in Mongolia. In an address at the Denver Gold Forum, Ivanhoe CEO Robert Friedland plugged the virtues of copper, demand for which he sees as rising.

Copper ‘the real gold’

Describing many of the world’s current copper projects as “old ladies waiting in bed to die,” Robert Friedland, chief executive of Ivanhoe Mines (IVN-T, IVN-n), told analysts and investors at the Denv…









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