Shares of Ivanhoe Mines (IVN -5.8%) sink after Mongolia's government suspends certain mining...

|By:, SA News Editor

Shares of Ivanhoe Mines (IVN -5.8%) sink after Mongolia's government suspends certain mining licenses owned by SouthGobi Sands; IVN owns a controlling stake in SouthGobi Resources, which owns SouthGobi Sands. The move is believed to be related to the proposed sale of IVN's stake to Aluminum Corporation of China.