AWARD: Friedland, Ivanhoe team named Australian Dealmaker of the Year

KALGOORLIE, Australia -The management of Ivanhoe Mines of Vancouver and its CEO Robert Friedland have been awarded Dealmaker of the Year honours by Australia's Diggers and Dealers Mining Forum.

The award recognizes Ivanhoe's ongoing development of the Oyu Tolgoi copper-gold project in Mongolia and its Cloncurry copper-gold-molybdenum project in Queensland. The presentation was made before 1,500 delegates on Aug. 4, 2011.

Friedland, who has been a frequent speaker at Diggers and Dealers conferences, noted that Australian executives were playing important roles in the development of the company's projects.

He told delegates at the awards ceremony, "Remember that if you don't grow it, you have to mine it. And what you are doing when you are providing so much of the world's raw materials is you are building the building block for a much better society all over the world. You are reducing the price of real things, you are providing things that people need all over Asia and all over the rest of the world."

Learn more about the Diggers and Dealers Mining Forum at www.DiggersNDealers.com.au.