 2005 - Savage River Project sold to Stemcor Holdings Limited of London for up to US$170 million.The spinoff was part of the company's efforts to shift focus to Oyu Tolgoi (specifically the Hugo deposit).2007 - In May the company sold all of its coal projects including Ovoot Tolgoi to Asia Gold Corp (currently SouthGobi); as part of the transaction Asia Gold gave Ivanhoe Mines over 80 million more shares of the company raising its interest in it from 45% to a majority stake.