Mongolia Web News, Ulaanbaatar. Today Ivanhoe Mines (TSX: IVN)(NYSE: IVN)(NASDAQ: IVN) held a press conference to present it's new CEO, new offices and views on current developments. The new CEO John Macken was introduced as an experienced miner that has been working in many fields of the mining business and different sizes of operations. He explained:
Ivanhoe mines does not own the Oyu Tolgoi deposit, it belongs to the governement and people of Mongolia. Ivanhoe is simply helping Mongolia in exploring this site. I would like to see ourselves as "stewards of the resource". We want to maximize profit for Mongolia, but also have to take our shareholders into account. We want a win-win situation for everybody. For the Mongolian people, for ivanhoe, for the southern neighbours, but also for the herders living in Oyu Tolgoi.
Layton Croft, Executive Vice President of Corporate Affairs, explained that openly sharing information and facts is crucial to a good exploration of Oyu Tolgoi:
Maybe we have made mistakes in spreading information to the Mongolian press before, but we have never done anything illegal. We have to communicate what we do so that everybody can understand the process. If we can't meet that challenge we don't have a right to be here.
In reaction to questions of the gathered the Mongolian press, Mr. Croft said that the Mongolian press however had an equal responsibility in providing true information. According to Croft, the facts in all three questions of a journalist from Odoriin Sonin (Daily news) were not correct.
At the end of the press conference John Macken indicated that if Mongolia decides to change the law, Ivanhoe will accept the new situation and work within the framework of the new legislation, probably hinting towards the possibility of a new windfall tax, that already passed parliament.

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