 Ivanhoe exited these operations on April 2, 2012 when it sold its 57.6% interest in SouthGobi Resources Inc to Chalco for $889 million.The mines, acquired in 2003 are located at Mount Isa, Cloncurry with the largest project being the Merlin mine which has the world's highest grade molybdenum-rhenium deposit,; the other is Tennant Creek.It has also acquired Barrick Gold's Osborne asset near Merlin ($18 million needed to complete the purchase) which has an ore processing operating plant

Oyu Tolgoi (isn't scheduled to begin production until 2013) has measured and indicated reserves of at least 36.3 billion pounds of copper and 20.2 million ounces of gold.