Xanadu in $13m raising to fund Mongolian copper-gold - TopicsExpress



          

Xanadu in $13m raising to fund Mongolian copper-gold project SORRY to go all Olivia Newton John, but Mongolia has been a place that nobody dared to go, given regulatory issues affecting projects such as Rio Tinto’s massive Oyu Tolgoi copper mine. For Xanadu, the neon lights still shine there, having bucked the trend with a strong recent share run culminating in yesterday’s $13 million fundraising. The interest stems from exploration success at Xanadu’s flagship Kharmagtai copper-gold project, purchased from Turquoise Hill Resources (the old Ivanhoe Mines acquired by Rio Tinto) for $14m. theaustralian.au/business/opinion/xanadu-in-13m-raising-to-fund-mongolian-coppergold-project/story-e6frg9lo-1227081766611?nk=49d83f90ce6e44febcbe84ac5e4deceb
Posted on: Wed, 08 Oct 2014 17:40:20 +0000

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