TORONTO (Reuters) - Ivanhoe Mines shares surged 9 percent on Monday as signs that Mongolian voters will elect a majority government raised expectations
Ivanhoe would soon conclude a deal to develop the massive Oyu Tolgoi copper and gold mine.
Canada-based Ivanhoe and its partner Rio Tinto agreed to a draft investment agreement last year that would give the government a 34 percent stake in Oyu Tolgoi and clear the way for development of the mine.