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 23, 2009
IVANHOE MINES LTD.
(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- þ 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:
Press Release
March 20, 2009
SouthGobi Energy Resources has reported a revision
of the previous independent resource estimate for the West Field
at its Ovoot Tolgoi coal mine in Mongolia
New Appointments to SouthGobis Management and Resource Development Team
VANCOUVER, CANADA Ivanhoe Mines has been advised that SouthGobi Energy Resources has issued a
restatement of coal resources in one portion of SouthGobis Ovoot Tolgoi coal mine in southern
Mongolia following the discovery of errors in a 2008 resource estimate that had been prepared by an
independent, third-party consultant.
The restatement, covering only the West Field portion of the coal project, was contained in a news
release issued today by Gene Wusaty, Chief Operating Officer of SouthGobi Energy Resources Ltd.
(SGQ: TSX-V). SouthGobi reported that as a result of the consultants errors, there was an
overstatement of the extent of resources in the West Field that were calculated effective June 20,
2008, and reported by SouthGobi on July 31, 2008, primarily in the indicated and inferred
categories.
However, SouthGobi also said that the current resource estimates for the separate South-East Field
and the Ovoot Tolgoi underground project remained correct and unaffected by the West Field
overstatement. Mining at Ovoot Tolgoi under the current plan also is not impacted because the
operations are based on an earlier, confirmed estimate of the West Field coal resources as of
December 31, 2006.
SouthGobi will appoint a major international engineering firm to complete a new Technical Report
for Ovoot Tolgoi, which is expected to be completed later in 2009. SouthGobi expects that this new
report will incorporate outstanding data obtained from drilling to the end of 2008 and redesign the
surface mine to a depth of 300 metres from the present 250 metres. In addition, the new Technical
Report will update the resource models and delineate reserves based on at least a pre-feasibility
level of engineering.
SouthGobis management believes this new report will demonstrate the potential of the Ovoot Tolgoi
coal deposit. SouthGobi made considerable progress in identifying additional resources at Ovoot
Tolgoi in 2008, drilling over 23,200 metres, down to a depth of 800 metres in the West Field. In
addition, there are 3,800 metres of drill data from 2007 in the South-East Field that still require
modelling. Based on 2008 drill data the coal potential is continuous along strike and at depth. We
are very encouraged with the results from drilling completed in 2008 and are confident we will be
able to establish additional resources, Mr. Wusaty said. We are planning further drilling this
summer, which also is intended to expand the resource at Ovoot Tolgoi.
SouthGobi Energys news release, containing details of the resource estimate revision, may be
accessed at www.southgobi.com.
New Appointments to SouthGobis Management and Resource Development Team
SouthGobi also announced two new appointments to its Management and Resource Development team: Jess
Harding and Stephen Torr.
Jess Harding has been appointed the companys new Vice-President, Evaluations and Project
Development. Mr. Harding has more than 15 years experience in the mining industry and assumes the
same role that he presently holds at Ivanhoe Mines Ltd. Mr. Harding has a Bachelor of Chemical
Engineering from the University of Leeds, UK.
Stephen Torr, (P.Geo.), has been appointed the companys new Resource Manager. Mr. Torr has 19
years of experience in the mining industry and currently is the Resource Manager for Ivanhoe Mines
Ltd. Mr. Torr has a B.Sc. (Hons) Degree in Geology from the University of Southampton and a M.Sc.
in Applied Geoscience from the University of Leicester. Mr Torr has previous experience in
estimation of open pit and underground coal resources and will be assuming the role of Qualified
Person to oversee future independent resource estimates for SouthGobi.
Mr. Wusaty, SouthGobi Energys Chief Operating Officer, a qualified person as defined by National
Instrument 43-101, supervised the preparation of the technical information in this release.
Ivanhoe Mines (IVN: TSX, NYSE, NASDAQ) is SouthGobi Energy Resources largest shareholder and
currently owns, directly and indirectly, approximately 80% of SouthGobis issued and outstanding
shares.
Information contacts
Ivanhoe Mines
Investor Relations: Bill Trenaman. Media: Bob Williamson +1.604.688.5755.
www.ivanhoemines.com
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.
|
|
|
|
|
|
|
IVANHOE MINES LTD. |
|
|
|
|
|
Date: March 23, 2009
|
|
By:
|
|
/s Beverly A. Bartlett |
|
|
|
|
|
|
|
|
|
BEVERLY A. BARTLETT |
|
|
|
|
Vice President &
Corporate Secretary |