 At the time Ivanhoe's main assets included 50% of Myanmar's Monywa Copper Project (28,500 tonnes/year); that year production by both companies totalled 13,350 tonnes for copper, 2 million tonnes for iron ore pellets and 48,000 tones for iron ore concentrate.ABM Mining was founded in 1997 and remained a privately held company until the merger.2002 - Subsidiary ABM Mining purchased all of the outstanding debt associated with the Savage River iron ore project in Tasmania, Australia giving ABM Mining a priority claim on the project's assets.