Reuters-Myanmar Ivanhoe Copper Comp

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Reply-To: "TIN KYI" <tinkyi@xxxxxxxxxxxxx>
Subject: Reuters-Myanmar Ivanhoe Copper Company applies for registration 

Ivanhoe Mines announces Myanmar Ivanhoe Copper Company applies for
registration of Monywa S&K Cathode Copper on London Metal Exchange
02:17 p.m Sep 20, 1999 Eastern
SINGAPORE, Sept. 20 /CNW-PRN/ - Robert M. Friedland, Chairman, announced
today that Myanmar Ivanhoe Copper Company Limited (MICCL) has made an
application to London Metal Exchange (LME) for registration of its cathode
copper under the ``Monywa S&K'' brand name. Metallgesellschaft Ltd. of
London is sponsoring the application. The LME registration would certify
that S&K cathode has a purity level exceeding 99.999% copper, the standard
for LME Grade A copper, as well as meeting other quality parameters. It
would also confirm that Monywa is recognized as a reliable source for
high-quality copper.

Upon receipt of LME registration, MICCL will realize a premium for its
cathode of approximately US$30 a tonne (US1.4 cents a pound). Based on S&K's
current copper production of 28,000 tonnes a year, the LME registration
would increase the mine's annual cash flow by approximately US$840,000.

The S&K Mine, the first phase of the Monywa Copper Project, is operated by
MICCL, a 50/50 joint venture between Ivanhoe Mines and Mining Enterprise No.
1, a state-owned company. The mine began production of cathode copper in
November, 1998. By the end of August, 1999, the mine had produced 20,715
tonnes (approximately 45.5 million pounds) of copper. S&K is currently
producing copper at a rate 12% higher than the mine's initial design
capacity of 25,000 tonnes per annum. The average minegate cost of production
to date is approximately US27 cents a pound, placing the mine among the
world's lowest-cost primary copper producers.

The current development plan for the mine calls for an initial expansion at
S&K to raise annual copper production to 35,000 tonnes. This expansion is
expected to begin in October and is scheduled to be completed by September,
2000.

Ivanhoe Mines has 74.2 million shares outstanding and had a cash balance of
approximately US$52.3 million at August 31, 1999. The company's shares trade
on the Toronto and Australian stock exchanges under the symbol IVN.

FORWARD-LOOKING STATEMENTS: This news release contains certain
forward-looking statements. All statements, other than statements of
historical fact, included herein, including, without limitation, statements
regarding future copper production and expansion plans of Ivanhoe Mines Ltd.
(Ivanhoe) are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to
be accurate and actual results and future events could differ materially
from those anticipated in such statements. Important factors that could
cause actual results to differ materially from Ivanhoe's expectations are
disclosed under the heading ``Risk Factors'' and elsewhere in Ivanhoe's
documents filed from time to time with the Toronto Stock Exchange and other
regulatory authorities. Forward-looking statements are based on the
estimates and opinions of management on the date the statements are made,
and Ivanhoe does not undertake any obligation to update forward-looking
statements should conditions or management's estimates or opinions change.
SOURCE Ivanhoe Mines Ltd.