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NOTICE: Myanmar Ivanhoe Copper Comp



Subject: NOTICE: Myanmar Ivanhoe Copper Company applies for registration of Monywa S&K Cathode Copper on London Metal Exchange

NOTE: Get after this company.  Block there request for the London Metal
Exchange !!!

Ivanhoe Mines announces Myanmar Ivanhoe Copper Company applies for
registration of Monywa S&K Cathode Copper on London Metal Exchange

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.

CO:  Ivanhoe Mines Ltd.

ST:

IN:  MNG

SU:

09/20/1999 14:02 EDT http://www.prnewswire.com