COAL RESOURCES Mongolian project tops 70M tonnes for Ivanhoe

SOUTHERN MONGOLIA The initial numbers are in for IVANHOE MINES' Nariin Sukhait coal project 40 km north of the Chinese border. The property contains measured and indicated resources of 72 million tonnes of high-volatile bituminous coal, and another 26 million tonnes in the inferred resources category.

Ivanhoe says the deposits could support open pit mining at a rate of 2.0 million to 5.0 million tonnes/year for potential buyers in Chinese markets. That country expects to have a new 450-km rail line and coal shipping terminal in operation by the end of the year on its border with Mongolia.

Ivanhoe's property is adjacent to and surrounding the MAK Nariin Sukhait coal mine, a joint Mongolian/Chinese venture which began production in 2003. More information is available at www.Ivanhoe-Mines.com.