0000950123-11-042164.txt : 20110429 0000950123-11-042164.hdr.sgml : 20110429 20110429165801 ACCESSION NUMBER: 0000950123-11-042164 CONFORMED SUBMISSION TYPE: 40-F/A PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20101231 FILED AS OF DATE: 20110429 DATE AS OF CHANGE: 20110429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IVANHOE MINES LTD CENTRAL INDEX KEY: 0001158041 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 40-F/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-32403 FILM NUMBER: 11795732 BUSINESS ADDRESS: STREET 1: SUITE 654 STREET 2: 999 CANADA PLACE CITY: VANCOUVER STATE: A1 ZIP: V6C 3E1 BUSINESS PHONE: 604 688 5755 MAIL ADDRESS: STREET 1: 654-999 CANADA PLACE CITY: VANCOUVER BC CANADA STATE: A1 ZIP: V6C 3E1 40-F/A 1 c16222e40vfza.htm FORM 40-F/A Form 40-F/A
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 40-F/A
(Amendment No. 1)
     
o   Registration Statement pursuant to Section 12 of the Securities Exchange Act of 1934
or
     
þ   Annual Report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934.
 
For the fiscal year ended December 31, 2010   Commission File Number: 001-32403
IVANHOE MINES LTD.
(Exact name of Registrant as specified in its charter)
         
Yukon, Canada
(Province or other jurisdiction of
incorporation or organization)
  1000
(Primary Standard Industrial
Classification Code Number)
  Not Applicable
(I.R.S. Employer Identification Number)
Suite 654, 999 Canada Place, Vancouver, British Columbia, Canada V6C 3E1, (604) 688-5755
(Address and telephone number of registrant’s principal executive offices)
CT Corporation System
111 Eighth Avenue
New York, New York
10011
(212) 894-8700

(Name, address and telephone number of agent for service in the United States)
Securities registered or to be registered pursuant to Section 12(b) of the Act:
     
    New York Stock Exchange
Common Shares without par value   Nasdaq
(Title of Class)   (Exchanges)
Securities registered or to be registered pursuant to Section 12(g) of the Act: None
Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None
For annual reports, indicate by check mark the information filed with this Form:
þ Annual Information Form           þ Audited Annual Financial Statements
Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report:
568,560,669 Common Shares outstanding as of December 31, 2010
Indicate by check mark whether the Registrant by filing the information contained within this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934 (the “Exchange Act”). If “Yes” is marked, indicate the file number assigned to the Registrant in connection with such Rule.
Yes o          No þ
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.
Yes þ          No o
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such files).
Yes o          No o
The Annual Report on Form 40-F shall be incorporated by reference into, or as an exhibit to, as applicable, the Registrant’s Registration Statements on Form S-8 (File Nos. 333-160783, 333-143550, 333-135595, 333-128205 and 333-113048) under the Securities Act of 1933, as amended.
 
 

 

 


 

EXPLANATORY NOTE
The Registrant is filing this Form 40-F/A to the Registrant’s Annual Report on Form 40-F, dated March 31, 2011 (the “Form 40-F”), for the sole purpose of submitting Exhibit 101 to the Form 40-F as required by General Instruction B.(15)(a)(i) of Form 40-F and Rule 405 of Regulation S-T. Exhibit 101 was omitted from the Registrant’s Form 40-F in accordance with the 30-day grace period provided under Rule 405(a)(2)(ii) or Regulation S-T.
No other changes have been made to the Form 40-F. This Form 40-F/A speaks as of the original time of filing the Form 40-F, does not reflect events that may have occurred subsequent to such filing, and does not modify or update in any way disclosures made in the Form 40-F.

 

 


 

SIGNATURE
Pursuant to the requirements of the Exchange Act, the Company certifies that it meets all of the requirements for filing on Form 40-F and has duly caused this annual report to be signed on its behalf by the undersigned, thereto duly authorized.
Dated: April 29, 2011
IVANHOE MINES LTD.
         
By:
  /s/ Beverly A. Bartlett
 
Name: Beverly A. Bartlett
   
 
  Title: Vice President and Corporate Secretary    

 

 


 

EXHIBIT INDEX
     
Exhibit Number   Document
99.1*
  Annual Information Form for the year ended December 31, 2010.
99.2*
  Audited Consolidated Financial Statements of Ivanhoe Mines Ltd., including the notes thereto, as of and for the years ended December 31, 2010 and 2009, together with the reports thereon of the Independent Registered Chartered Accountants.
99.3*
  Management’s Discussion and Analysis of Financial Condition and Results of Operations.
99.4*
  Consent of Deloitte & Touche LLP, Independent Registered Chartered Accountants.
99.5*
  Consent of Bernard Peters.
99.6*
  Consent of John Vann.
99.7*
  Consent of Dean David.
99.8*
  Consent of Scott Jackson.
99.9*
  Consent of Albert Chance.
99.10*
  Consent of George Stephan.
99.11*
  Consent of Jarek Jakubec.
99.12*
  Consent of Bruce Brown.
99.13*
  Consent of Stephen Torr.
99.14*
  Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350.
99.15*
  Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350.
99.16*
  Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350.
99.17*
  Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350.
101
  Interactive Data File.
 
     
*  
Previously filed with the Commission.

 

 

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font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>15.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>CONVERTIBLE CREDIT FACILITIES</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Rio Tinto</i></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center"><b>December 31,</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Principal amount of convertible credit facility</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>350,000</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">350,000</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accrued paid-in-kind interest</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>50,832</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">40,678</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>400,832</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">390,678</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">(Deduct) add:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Beneficial conversion feature</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(36,314</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(30,250</td> <td nowrap="nowrap">)</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Share purchase warrants</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(9,403</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(9,403</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accretion of discount</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>45,717</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">27,891</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>400,832</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">378,916</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Credited to share capital upon conversion</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(400,832</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">378,916</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In September&nbsp;2007, Rio Tinto provided the Company with a $350.0&nbsp;million convertible credit facility to finance ongoing mine development activities at the Oyu Tolgoi Project. In 2007, the Company made an initial draw against the credit facility of $150.0&nbsp;million and further draws totalling $200.0&nbsp;million were made in 2008.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>15.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>CONVERTIBLE CREDIT FACILITIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Rio Tinto (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Amounts advanced under the credit facility bore interest at a rate per annum equal to the three-month London Inter-Bank Offered Rate plus 3.3%, and matured on September&nbsp;12, 2010. In September&nbsp;2010, the Company issued 40.1&nbsp;million common shares to Rio Tinto upon the automatic conversion of the maturing convertible credit facility. The $350.0 million outstanding principal and $50.8&nbsp;million accrued interest were converted at a price of $10.00 per common share.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">On the date of conversion, the $437.1&nbsp;million aggregate carrying amount of the convertible credit facility liability ($400.8&nbsp;million) and associated beneficial conversion feature ($36.3&nbsp;million) was credited to share capital to reflect the common shares issued.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As part of the credit facility transaction, Rio Tinto also received share purchase warrants exercisable to purchase up to 35.0&nbsp;million common shares of the Company at a price of $10.00 per share for a period of five years (Note 18 (c)).</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">During 2010, Ivanhoe Mines capitalized $2.7&nbsp;million of interest expense and $6.2 million of accretion expense incurred on the convertible credit facility.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(b)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>China Investment Corporation</i></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center"><b>December 31,</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Principal amount of convertible debenture</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>500,000</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">500,000</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">(Deduct) add:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Bifurcation of embedded derivative liability</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(313,292</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(313,292</td> <td nowrap="nowrap">)</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accretion of discount</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>69</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">10</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Reduction of carrying amount upon partial conversion</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(93,370</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Carrying amount of debt host contract</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>93,407</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">186,718</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Embedded derivative liability</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>154,877</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">358,272</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Convertible credit facility</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>248,284</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">544,990</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accrued interest</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>6,312</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,712</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Transaction costs allocated to deferred charges</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(2,800</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(5,601</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Net carrying amount of convertible debenture</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>251,796</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">544,101</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>15.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>CONVERTIBLE CREDIT FACILITIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(b)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>China Investment Corporation (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">On November&nbsp;19, 2009, SouthGobi issued a convertible debenture to a wholly owned subsidiary of China Investment Corporation ("CIC") for $500.0&nbsp;million. The convertible debenture is secured, bears interest at 8.0% and has a term of 30&nbsp;years. The financing primarily will support an accelerated investment program in Mongolia and up to $120.0 million of the financing may also be used for working capital, repayment of debt due on funding, general and administrative expense and other general corporate purposes.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Key financial terms of the convertible debenture include:</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Interest &#8212; 6.4% payable semi-annually in cash and 1.6% payable annually in shares of SouthGobi. The number of SouthGobi shares issued upon the settlement of interest is calculated using the 50-day volume-weighted average price ("VWAP").</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Term &#8212; 30&nbsp;years.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Security &#8212; First charge over SouthGobi's assets, including shares of its material subsidiaries.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Conversion price &#8212; Lower of Cdn$11.88 or the 50-day VWAP at the date of conversion, subject to a floor price of Cdn$8.88 per share.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Investor's conversion option &#8212; CIC has the right to convert the debenture, in whole or in part, into common shares of SouthGobi from November&nbsp;19, 2010 onwards.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Issuer's conversion option &#8212; SouthGobi has the right to convert up to $250.0 million of the debenture on the earlier of November&nbsp;19, 2011 or upon achieving a public float of 25.0% of its common shares under certain agreed circumstances if the conversion price is at least Cdn$10.66. After November&nbsp;19, 2014, SouthGobi is entitled to convert the debenture, in whole or in part, into its common shares at the conversion price if the conversion price is at least Cdn$10.66.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The convertible debenture is a hybrid instrument containing a debt host contract and three embedded derivatives: the investor's conversion option, issuer's conversion option and share-based interest payment provision. These embedded derivatives were bifurcated from the debt host contract, measured at fair value and bundled together as a single compound embedded derivative liability. Each reporting period the embedded derivative liability is remeasured at fair value with changes in fair value being recognized in earnings.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The initial $186.7&nbsp;million carrying amount of the debt host contract is the residual principal amount after bifurcating the $313.3&nbsp;million fair value of the embedded derivative liability. A debt discount arises due to the difference between the initial carrying amount of the debt host contract and the amount payable at maturity.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Transaction costs of $15.0&nbsp;million were allocated between the embedded derivative liability and debt host contract in proportion to the allocation of the total proceeds between the two components. The $9.4&nbsp;million allocated to the embedded derivative liability was expensed immediately. Whereas, the $5.6&nbsp;million allocated to the debt host contract is reported in the balance sheet as a deferred charge.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>15.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>CONVERTIBLE CREDIT FACILITIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(b)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>China Investment Corporation (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Both the debt discount and deferred charge are amortized as accretion expense over the 30&nbsp;year contractual life of the convertible debenture using the interest method.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Pursuant to the convertible debentures' terms, SouthGobi had the right to call for the conversion of up to $250.0&nbsp;million of the convertible debenture upon SouthGobi achieving a public float of 25.0% of its common shares under certain agreed circumstances. On March&nbsp;29, 2010, SouthGobi exercised this right and completed the conversion of $250.0&nbsp;million of the convertible debenture into 21.5&nbsp;million shares at a conversion price of $11.64 (Cdn$11.88). Also on March&nbsp;29, 2010, SouthGobi settled the $1.4&nbsp;million accrued interest payable in shares on the $250.0&nbsp;million converted by issuing 0.1&nbsp;million shares at the 50-day VWAP conversion price of $15.97 (Cdn$16.29). On April&nbsp;1, 2010, SouthGobi settled the outstanding accrued interest payable in cash on the $250.0&nbsp;million converted with a cash payment of $5.7&nbsp;million.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As at March&nbsp;29, 2010, the fair value of the embedded derivative liability associated with the $250.0&nbsp;million converted was $102.8&nbsp;million, a decrease of $9.4 million compared to its fair value at December&nbsp;31, 2009. The $347.6&nbsp;million fair value of the SouthGobi shares issued upon conversion exceeded the $193.3&nbsp;million aggregate carrying value of the debt host contract, embedded derivative liability and deferred charges. The difference of $154.3&nbsp;million was recorded as a loss on conversion of the convertible debenture.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The embedded derivative liability was valued using a Monte Carlo simulation valuation model. A Monte Carlo simulation model is a valuation model that relies on random sampling and is often used when modeling systems with a large number of inputs and where there is significant uncertainty in the future value of inputs and where the movement in the inputs can be independent of each other. Some of the key inputs used by the Monte Carlo simulation include: floor and ceiling conversion prices, risk-free rate of return, expected volatility of SouthGobi's share price, forward Cdn$ exchange rate curves and spot Cdn$ exchange rates.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, the fair value of the embedded derivative liability was determined to be $154.9&nbsp;million (December&nbsp;31, 2009 &#8212; $358.3&nbsp;million).</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>15.</b> </td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>CONVERTIBLE CREDIT FACILITIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(b)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>China Investment Corporation (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Assumptions used in the Monte Carlo valuation model are as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>December 31,</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Floor conversion price</div></td> <td>&nbsp;</td> <td colspan="2" align="right"><b>Cdn$8.88</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" align="right">Cdn$8.88</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Ceiling conversion price</div></td> <td>&nbsp;</td> <td colspan="2" align="right"><b>Cdn$11.88</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" align="right">Cdn$11.88</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Expected volatility</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>73</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">75</td> <td nowrap="nowrap">%</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Risk-free rate of return</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>3.48</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">4.09</td> <td nowrap="nowrap">%</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Spot Cdn$ exchange rate</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1.01</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">0.96</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Forward Cdn$ exchange rate curve</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="right"><b>0.97 - 1.14</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="right">0.90 - 0.95</td> <td>&nbsp;</td></tr></table></div></div> </div> 1458000 151000 438000 4508000 -0.69 -0.42 1099000 360000 177062000 218626000 <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>3.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>EXPLORATION EXPENSES</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Generally, exploration costs are charged to operations in the period incurred until it has been determined that a property has economically recoverable reserves, at which time subsequent exploration costs and the costs incurred to develop a property are capitalized.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Summary of exploration expenditures by location:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="6" nowrap="nowrap" align="center">Years Ended</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Mongolia</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Oyu Tolgoi <sup style="font-size: 85%; vertical-align: text-top;">(1)</sup></div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>83,358</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">107,381</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Coal Division</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>49,175</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">21,499</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other Mongolia Exploration</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,007</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,004</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>134,540</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">130,884</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Australia</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>73,844</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">41,465</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Indonesia</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>4,594</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,145</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>5,648</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,568</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>218,626</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">177,062</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top;">(1)</sup></td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Until March&nbsp;31, 2010, exploration costs charged to operations included development costs associated with the Oyu Tolgoi Project in Mongolia. On April&nbsp;1, 2010, Ivanhoe Mines commenced capitalizing Oyu Tolgoi Project development costs. As of this date, reserve estimates for the Oyu Tolgoi Project had been announced and the procedural and administrative conditions contained in the Investment Agreement were satisfied. During the year ended December&nbsp;31, 2010, additions to property, plant and equipment for the Oyu Tolgoi Project totalled $911.0&nbsp;million, which included development costs.</div></td></tr></table></div> </div> -0.68 -0.43 -0.01 0.01 1367000 1367000 6064000 6064000 145035000 191816000 <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>10.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>OTHER LONG-TERM INVESTMENTS</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Long-Term Notes (a)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>29,763</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">24,689</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Government of Mongolia Treasury Bill (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>80,394</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">73,152</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Government of Mongolia tax prepayment (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>36,486</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Money Market investments (c)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>45,173</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">47,194</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>191,816</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">145,035</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(a)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;"><i>Long-Term Notes</i></div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, the Company held $65.0&nbsp;million principal amount of Long-Term Notes (received in 2009 upon completion of the Asset-Backed Commercial Paper restructuring) which was recorded at a fair value of $29.8&nbsp;million. The decrease from December&nbsp;2009 in principal of $0.2&nbsp;million was due to principal redemptions ($3.2 million), offset by the strengthening of the Canadian dollar ($3.0&nbsp;million). The Company has designated the Long-Term Notes as held-for-trading. The Long-Term Notes are recorded at fair value with unrealized holding gains and losses included in earnings.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">There is a significant amount of uncertainty in estimating the amount and timing of cash flows associated with the Long-Term Notes. The Company has estimated the fair value of the Long-Term Notes considering information provided on the restructuring, the best available public information regarding market conditions and other factors that a market participant would consider for such investments.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Company is aware of a limited number of trades in the Long-Term Notes that occurred prior to December&nbsp;31, 2010, but does not consider them to be of sufficient volume or value to constitute an active market. Accordingly, the Company has not used these trades to determine the fair value of its notes.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Company has used a discounted cash flow approach to value the Long-Term Notes at December&nbsp;31, 2010 incorporating the following assumptions:</div></td></tr></table> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="86%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Bankers Acceptance Rate:</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">1.12</td> <td nowrap="nowrap">%</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Discount Rates:</div></td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">9% to 25</td> <td nowrap="nowrap">%</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Maturity Dates:</div></td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">6.0 years</td> <td nowrap="nowrap">&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Expected Return of Principal:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">A-1 Notes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">100</td> <td nowrap="nowrap">%</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">A-2 Notes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">100</td> <td nowrap="nowrap">%</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">B Notes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">10</td> <td nowrap="nowrap">%</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">C Notes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">0</td> <td nowrap="nowrap">%</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">IA Notes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">0</td> <td nowrap="nowrap">%</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">TA Notes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">100</td> <td nowrap="nowrap">%</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>10.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>OTHER LONG-TERM INVESTMENTS (Continued)</b></div></td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(a)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;"><i>Long-Term Notes (Continued)</i></div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Based on the discounted cash flow model as at December&nbsp;31, 2010, the fair value of the Long-Term Notes was estimated at $29.8&nbsp;million. As a result of this valuation, the Company recorded an unrealized trading gain of $4.0&nbsp;million for the year ended December 31, 2010.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Continuing uncertainties regarding the value of the assets that underlie the Long-Term Notes, the amount and timing of cash flows and changes in general economic conditions could give rise to a further change in the fair value of the Company's investment in the Long-Term Notes, which would impact the Company's results from operations. A 1.0% increase, representing 100 basis points, in the discount rate will decrease the fair value of the Long-Term Notes by approximately $1.5&nbsp;million.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(b)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;"><i>Government of Mongolia Treasury Bill and Tax Prepayment</i></div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">On October&nbsp;6, 2009, Ivanhoe Mines agreed to purchase three Treasury Bills ("T-Bills") from the Mongolian Government, having an aggregate face value of $287.5&nbsp;million, for the aggregate sum of $250.0&nbsp;million. The annual rate of interest on the T-Bills was set at 3.0%. The initial T-Bill, with a face-value of $115.0&nbsp;million, was purchased by Ivanhoe Mines on October&nbsp;20, 2009 for $100.0&nbsp;million and will mature on October&nbsp;20, 2014.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">However, on March&nbsp;31, 2010 Ivanhoe Mines agreed to an alternative arrangement for the advancement of funds that would not involve the purchase of the remaining two T-Bills. Specifically, rather than purchasing the second and third remaining T-Bills, with face values of $57.5&nbsp;million and $115.0&nbsp;million respectively, Ivanhoe Mines has agreed to make a series of tax prepayments.</div></td></tr></table> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="12%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The first tax prepayment of $50.0&nbsp;million was made pursuant to this arrangement on April&nbsp;7, 2010.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="12%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The second tax prepayment of $100.0&nbsp;million will be made within 14&nbsp;days of Oyu Tolgoi LLC fully drawing down the financing necessary to enable the complete construction of the Oyu Tolgoi Project, or on June&nbsp;30, 2011, whichever date is earlier.</div></td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The annual rate of interest on the tax prepayments is 1.75% compounding quarterly from the date on which such prepayments are made to the Mongolian Government by Ivanhoe Mines. Unless already off-set fully against Mongolian taxes, the Mongolian Government must immediately repay any remaining tax prepayment balance, including accrued interest, on the fifth anniversary of the date the tax prepayment was made.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Company has designated the T-Bill and first tax prepayment as available-for-sale investments because they were not purchased with the intent of selling them in the near term and the Company's intention to hold them to maturity is uncertain. The fair values of the T-Bill and first tax prepayment are estimated based on available public information regarding what market participants would consider for such investments. Changes in the fair value of available-for-sale investments are recognized in accumulated other comprehensive income.</div></td></tr></table> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>10.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>OTHER LONG-TERM INVESTMENTS (Continued)</b></div></td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(b)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;"><i>Government of Mongolia Treasury Bill and Tax Prepayment (Continued)</i></div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Company has used a discounted cash flow approach to value the T-Bill at December 31, 2010 incorporating the following assumptions:</div></td></tr></table> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="86%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">T-Bill</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Face Value:</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">115,000,000</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Discount Rates:</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">9.9</td> <td nowrap="nowrap">%</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Term to Maturity</div></td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">3.8 years</td> <td nowrap="nowrap">&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Based on the discounted cash flow model as at December&nbsp;31, 2010, the fair value of the T-Bill was estimated at $80.4&nbsp;million. As a result of this valuation, Ivanhoe Mines recorded an unrealized gain of $4.4&nbsp;million in accumulated other comprehensive income for the year ended December&nbsp;31, 2010.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Company has used a discounted cash flow approach to value the first tax prepayment at December&nbsp;31, 2010 incorporating the following assumptions:</div></td></tr></table> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="86%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">First Tax</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Prepayment</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Face Value:</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">50,000,000</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Discount Rates:</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">9.9</td> <td nowrap="nowrap">%</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Term to Maturity</div></td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">4.3 years</td> <td nowrap="nowrap">&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Based on the discounted cash flow model as at December&nbsp;31, 2010, the fair value of the first tax prepayment was estimated at $36.5&nbsp;million. As a result of this valuation, Ivanhoe Mines recorded an unrealized loss of $14.2&nbsp;million in accumulated other comprehensive income for the year ended December&nbsp;31, 2010.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(c)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;"><i>Money Market Investments</i></div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, Ivanhoe Mines held $45.2&nbsp;million of money market investments with remaining maturities in excess of one year.</div></td></tr></table></div> </div> 93511000 151191000 <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>9.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>LONG-TERM INVESTMENTS</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Investments in companies subject to significant influence:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Altynalmas Gold Ltd. (a)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9,860</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Exco Resources N.L. (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>16,991</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">10,499</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Available-for-sale equity securities (c)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>103,431</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">43,304</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Held-for-trading equity securities (d)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>10,235</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">9,876</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other equity securities, cost method (e)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>20,534</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">19,972</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>151,191</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">93,511</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(a)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;">On October&nbsp;3, 2008, Ivanhoe Mines closed an agreement with several strategic partners whereby Altynalmas issued shares to acquire a 100% participating interest in BMV and a 100% participating interest in Intergold Capital LLP ("IGC"). Both IGC and BMV are limited liability partnerships established under the laws of Kazakhstan that are engaged in the exploration and development of minerals in Kazakhstan. As a result of this transaction, Ivanhoe Mines' investment in Altynalmas was diluted to 49%. Ivanhoe Mines ceased consolidating Altynalmas on October&nbsp;3, 2008 and commenced equity accounting for its investment.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">On March&nbsp;8, 2010, all of the parties to the original agreement agreed to put themselves into the position they would be in as if a certain entity was not a party to the original agreement. The corresponding amendments made to the original agreement resulted in Ivanhoe Mines' interest in Altynalmas increasing from 49% to 50%.</div></td></tr></table> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Amount due from Altynalmas</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>100,545</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">68,533</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Carrying amount of equity method investment</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(100,545</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(58,673</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Net investment in Altynalmas</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9,860</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>9.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>LONG-TERM INVESTMENTS (Continued)</b></div></td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(a)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;">(Continued)</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Amounts advanced to Altynalmas bear interest compounded monthly at a rate per annum equal to the one month London Inter-bank Offered Rate plus 3.0% and are due on demand.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2010, Ivanhoe Mines recorded a $41.9&nbsp;million (2009 &#8212; $44.7&nbsp;million) equity loss on this investment.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(b)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2010, Ivanhoe Mines acquired 13.5&nbsp;million shares of Exco Resources N.L. ("Exco") at a cost of $5.3&nbsp;million (Aud$5.9&nbsp;million).</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2009, Ivanhoe Mines acquired 1.8&nbsp;million shares of Exco at a cost of $0.1 million (Aud$0.2&nbsp;million) on the open market.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2009, Ivanhoe Mines acquired an additional 5.1&nbsp;million shares of Exco at a cost of $1.0&nbsp;million (Aud$1.2&nbsp;million) by way of a private placement. In a subsequent private placement, also during 2009, Ivanhoe Mines acquired an additional 8.3&nbsp;million shares of Exco at a cost of $1.9&nbsp;million (Aud$2.0&nbsp;million).</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2010, Ivanhoe Mines recorded a $0.8&nbsp;million (2009 &#8212; $1.2&nbsp;million) equity loss on this investment.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">At December&nbsp;31, 2010, the market value of Ivanhoe Mines' 22.9% investment in Exco was $45.4&nbsp;million (Aud$44.4&nbsp;million).</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(c)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;"><i>Available-for-sale equity securities</i></div></td></tr></table> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="36%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="5%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="5%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="5%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="5%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="5%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="5%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="5%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="5%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="14" nowrap="nowrap" align="center"><b>December 31, 2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="14" nowrap="nowrap" align="center">December 31, 2009</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Equity</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Cost</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Unrealized</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Fair</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Equity</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Cost</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Unrealized</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Fair</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Interest</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Basis</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Gain (Loss)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Value</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Interest</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Basis</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Gain (Loss)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Value</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Entr&#233;e Gold Inc.</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>12.1</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>19,957</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>27,746</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>47,703</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">14.3</td> <td nowrap="nowrap">%</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">19,957</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">12,799</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">32,756</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Aspire Mining Limited (i)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>19.8</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>20,280</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>31,727</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>52,007</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Emmerson Resources Limited</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>10.0</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3,636</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(304</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3,332</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">10.0</td> <td nowrap="nowrap">%</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,107</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,637</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">9,744</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Intec Ltd. (ii)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>1.9</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>36</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>91</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>127</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">4.8</td> <td nowrap="nowrap">%</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">521</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(3</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">518</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>60</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>202</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>262</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">60</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">226</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">286</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 0px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 0px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>43,969</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>59,462</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>103,431</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">23,645</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">19,659</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">43,304</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(i)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During December&nbsp;2010, Ivanhoe Mines acquired 105.9&nbsp;million common shares of Aspire Mining Limited at a cost of $20.3&nbsp;million (Aud$20.1&nbsp;million) by way of a private placement.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(ii)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2010, Ivanhoe Mines recorded an impairment provision of $0.5 million against the investment in Intec Ltd. ("Intec") based on an assessment of the fair value of Intec.</div></td></tr></table> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>9.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>LONG-TERM INVESTMENTS (Continued)</b></div></td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(d)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;"><i>Held-for-trading equity securities</i></div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, the market value of Ivanhoe Mines' 4.8% investment in Kangaroo Resources Limited was $10.2&nbsp;million, resulting in an unrealized gain of $0.4&nbsp;million during the year ended December&nbsp;31, 2010.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(e)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;"><i>Other equity securities, cost method</i></div></td></tr></table> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="44%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center"><b>December 31, 2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31, 2009</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Equity</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Cost</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Equity</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Cost</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Interest</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Basis</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Interest</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Basis</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Ivanhoe Nickel &amp; Platinum Ltd. (i)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>7.9</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>19,491</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">6.1</td> <td nowrap="nowrap">%</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">18,929</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">GoviEx Gold Inc.</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>1.5</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,043</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">1.5</td> <td nowrap="nowrap">%</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,043</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 0px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 0px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>20,534</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">19,972</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(i)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2010, Ivanhoe Mines acquired 125,665 common shares of Ivanhoe Nickel and Platinum Ltd. ("Ivanplats"), a private company, at a cost of $0.6 million.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2009, Ivanhoe Mines acquired 1.2&nbsp;million common shares of Ivanplats from third parties at a cost of $1.8&nbsp;million. In addition, during December&nbsp;2009, Ivanhoe Mines purchased 220,000 common shares of Ivanplats at a cost of $1.3 million and 250,000 Ivanplats special warrants, convertible into 250,000 common shares of Ivanplats, at a cost of $1.5&nbsp;million from certain directors of the Company.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During November&nbsp;2009, Ivanhoe Mines acquired 1.1&nbsp;million units of Ivanplats at a cost of $9.9&nbsp;million. Each unit is comprised of one common share, one liquidity right and one-half of one initial public offering ("IPO") warrant. Each liquidity right is convertible into 0.1 of an Ivanplats common share for no additional consideration in the event that a liquidity event does not occur on or before December&nbsp;31, 2010. The 550,000 IPO warrants vest upon closing of an IPO. If an IPO occurs prior to December&nbsp;31, 2010, each IPO warrant entitles the holder to purchase one Ivanplats common share at the IPO price up until two years after the closing of the IPO. If an IPO occurs after December&nbsp;31, 2010, each IPO warrant entitles the holder to purchase 1.1 common shares of Ivanplats at the IPO price up until two years after the closing of the IPO. Neither a liquidity event or an IPO occurred on or before December&nbsp;31, 2010. Therefore, on December&nbsp;31, 2010, Ivanhoe Mines acquired 110,000 common shares of Ivanplats upon the conversion of all the liquidity rights.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, Ivanhoe Mines held a 9.8% equity interest in Ivanplats on a fully diluted basis.</div></td></tr></table></div> </div> 4248000 4248000 61465000 61465000 485000 147449000 94999000 30391000 53109000 2236000 30254000 3844000 3900000 3000000 <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>7.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>ACCOUNTS RECEIVABLE</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Contingent income (Note 4 (a))</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>22,105</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">20,868</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Refundable taxes</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>20,338</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">11,787</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Trade receivables</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>15,297</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">5,201</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accrued interest</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,321</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">133</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Related parties (Note 22)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,127</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">676</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3,553</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">684</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>65,741</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">39,349</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p></div> </div> -901918000 -901918000 27386000 11832000 Unlimited Unlimited Unlimited Unlimited <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>6.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHORT-TERM INVESTMENTS</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Short-term investments at December&nbsp;31, 2010 included SouthGobi's balance of $17.5&nbsp;million (December&nbsp;31, 2009 &#8212; $15.0&nbsp;million) and Ivanhoe Australia's balance of $80.8&nbsp;million (December&nbsp;31, 2009 &#8212; $nil), which were not available for Ivanhoe Mines' general corporate purposes.</div></td></tr></table></div></div> </div> 3032000 167000 9730000 125000 1581578 261900 80530509 1622000 1622000 42965000 1265000 41700000 3421000 3421000 685566000 -15554000 701120000 9399000 -44980000 100637000 407811000 502550000 55128000 260528000 <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>13.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>ACCOUNTS PAYABLE AND ACCRUED LIABILITIES</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accounts payable</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>68,646</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">36,454</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accrued construction costs</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>183,030</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">11,737</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Payroll and other employee related payables</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>126</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,097</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Amounts payable to related parties (Note 22)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>8,726</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,840</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>260,528</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">55,128</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div></div> </div> 14345000 11709000 -14578000 33075000 348468000 1303581000 21368000 21368000 931979000 931979000 36175000 36175000 42128000 42128000 141000 199000 <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>17.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>ASSET RETIREMENT OBLIGATIONS</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balance, beginning of year</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>5,436</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">3,922</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Increase in obligations for:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Changes in estimates</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>5,957</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">706</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized foreign exchange</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,049</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">667</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accretion expense</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>199</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">141</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Acquisition of Osborne (Note 11 (c))</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>27,197</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balance, end of year</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>40,838</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">5,436</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The total undiscounted amount of estimated cash flows required to settle the obligations is $90.6&nbsp;million (December&nbsp;31, 2009 &#8212; $21.9&nbsp;million), which has been discounted using credit adjusted risk free rates ranging from 5.6% to 10.8%. The majority of reclamation obligations are not expected to be paid for several years and will be funded from Ivanhoe Mines' cash balances and environmental bonds restricted for the purpose of settling asset retirement obligations.</div></td></tr></table></div></div> </div> 1534681000 3218474000 1054174000 1492047000 277103000 790202000 384110000 965823000 1264031000 <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>5.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>CASH AND CASH EQUIVALENTS</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Cash and cash equivalents at December&nbsp;31, 2010 included SouthGobi's balance of $492.0&nbsp;million (December&nbsp;31, 2009 &#8212; $357.3&nbsp;million) and Ivanhoe Australia's balance of $59.3&nbsp;million (December&nbsp;31, 2009 &#8212; $10.6&nbsp;million), which were not available for Ivanhoe Mines' general corporate purposes.</div></td></tr></table></div></div> </div> 581713000 298208000 688720000 473829000 <div> <b><font style="font-size: 11pt;" lang="EN-CA" class="_mt"> </font></b> <div> <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>21.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>CASH FLOW INFORMATION</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Reconciliation of net loss to net cash flow used in operating activities</i></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Year Ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Net loss</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(278,431</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(305,706</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">(Income) loss from discontinued operations</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(6,585</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,645</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Items not involving use of cash</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Stock-based compensation</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>37,203</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">35,835</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accretion expense</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>11,908</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">14,486</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">General and administrative expenses</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>6,525</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,978</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Depreciation</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>15,402</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">10,140</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Gain on sale of other mineral property rights</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(3,000</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying values of property, plant and equipment</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,338</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,243</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accrued interest income</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(10,600</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(600</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accrued interest expense</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>9,664</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">20,885</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized gain on long-term investments</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(360</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,099</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized gains on other long-term investments</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(4,508</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(438</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Realized gain on redemption of other long-term investments</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(151</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,458</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Change in fair value of derivative</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(135,680</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Change in fair value of embedded derivatives</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(100,637</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">44,980</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Loss on conversion of convertible debenture</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>154,316</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Transaction costs on issuance of convertible debenture</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">9,399</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized foreign exchange gains</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(9,498</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(33,394</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Share of loss of significantly influenced investees</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>42,718</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">45,898</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying value of inventory</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>14,729</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Gain on sale of long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,424</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying value of long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>485</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Deferred income taxes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(15,124</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(14,520</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Bonus shares</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>27,752</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,622</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Net change in non-cash operating working capital items:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 45px;">Increase in:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 60px;">Accounts receivable</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(20,999</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(875</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 60px;">Inventories</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(32,425</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(2,301</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 60px;">Prepaid expenses</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(6,982</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(4,816</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 45px;">Increase in:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 60px;">Accounts payable and accrued liabilities</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>4,664</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">15,488</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Cash used in operating activities of continuing operations</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(294,276</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(164,032</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Cash used in operating activities of discontinued operations</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(19,227</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Cash used in operating activities</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(294,276</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(183,259</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>21.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>CASH FLOW INFORMATION (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(b)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Supplementary information regarding other non-cash transactions</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The non-cash investing and financing activities relating to continuing operations not already disclosed in the Consolidated Statements of Cash Flows were as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Years Ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;"><b>Investing activities:</b></div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Acquisition of property, plant and equipment (i)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(195,357</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;"><b>Financing activites:</b></div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Conversion of convertible credit facility (Note 15 (a))</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(400,832</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Partial conversion of convertible debenture (Note 15 (b))</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(349,079</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(945,268</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="8%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="88%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(i)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">In March&nbsp;2010, the Company and Rio Tinto completed an agreement whereby the Company issued 15.0&nbsp;million common shares to Rio Tinto for net proceeds of $241.1&nbsp;million (Cdn$244.7&nbsp;million) (Note 18 (b)). The Company used $195.4&nbsp;million of the proceeds to purchase from Rio Tinto key mining and milling equipment to be installed during the construction of the Oyu Tolgoi Project.</div></td></tr></table> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(c)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Other supplementary information</i></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Years Ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Interest paid</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>23,163</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">717</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Income taxes paid</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>400</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">1,055</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div></div></div></div> </div> -6511000 <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>24.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>COMMITMENTS AND CONTINGENCIES</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines has, in the normal course of its business, entered into various long-term contracts, which include commitments for future operating payments under contracts for drilling, engineering, equipment rentals and other arrangements as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="86%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">2011</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">864,848</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">2012</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">210,740</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">2013</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,029</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">2014</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,289</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">2015 onwards</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">620</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">1,081,526</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Due to the size, complexity and nature of the Company's operations, various legal and tax matters arise in the ordinary course of business. The Company accrues for such items when a liability is both probable and the amount can be reasonably estimated. In the opinion of management, these matters will not have a material effect on the consolidated financial statements of the Company.</div></td></tr></table></div></div> </div> 425447552 568560669 425447552 568560669 1886789000 3378921000 -294515000 -223633000 <div> <b><font style="font-size: 11pt;" class="_mt"> </font></b> <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>19.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>ACCUMULATED OTHER COMPREHENSIVE INCOME</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accumulated OCI at beginning of year:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Long-term investments, net of tax of $1,896, $nil</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>17,763</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(8,635</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other long-term investments, net of tax of $nil, $nil</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(27,448</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Currency translation adjustment, net of tax of $nil, $nil</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(6,015</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(18,256</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Noncontrolling interests</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,122</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,669</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(14,578</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(24,222</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other comprehensive income (loss)&nbsp;for the year:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Changes in fair value of long-term investments</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>39,801</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">29,718</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Changes in fair value of other long-term investments</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(9,732</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(27,448</td> <td nowrap="nowrap">)</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Currency translation adjustments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>29,054</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">12,241</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Noncontrolling interests (Note 20)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(7,145</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,547</td> <td nowrap="nowrap">)</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Less: reclassification adjustments for (gains)&nbsp;losses recorded in earnings:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Investments:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 45px;">Other than temporary impairment charges</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 45px;">Gains realized on sale</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,424</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other comprehensive income, before tax</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>51,981</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">11,540</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Income tax expense related to OCI</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(4,328</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,896</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other comprehensive income, net of tax</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>47,653</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9,644</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accumulated OCI at end of year:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Long-term investments, net of tax of $6,224, $1,896</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>53,239</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">17,763</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other long-term investments, net of tax of $nil, $nil</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(37,180</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(27,448</td> <td nowrap="nowrap">)</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Currency translation adjustment, net of tax of $nil, $nil</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>23,039</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(6,015</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Noncontrolling interests (Note 20)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(6,023</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,122</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>33,075</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(14,578</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div></div></div> </div> 378916000 544990000 248284000 29425000 94773000 5814000 13306000 254947000 402459000 6953000 16889000 10888000 11123000 4326000 2096000 766238000 <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>4.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>DISCONTINUED OPERATIONS</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Years Ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Savage River (a)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>6,585</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">26,816</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Indonesia Coal Division (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(30,461</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>6,585</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(3,645</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(a)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">In February&nbsp;2005, Ivanhoe Mines sold the Savage River Iron Ore Project in Tasmania, Australia for two initial payments totalling $21.5&nbsp;million, plus a series of five contingent, annual payments that commenced on March&nbsp;31, 2006. The annual payments are based on annual iron ore pellet tonnes sold and an escalating price formula based on the prevailing annual Nibrasco/JSM pellet price.</div></td></tr></table> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>4.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>DISCONTINUED OPERATIONS (Continued)</b></div></td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(a)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">(Continued)</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">In 2010, Ivanhoe Mines received two payments totalling $6.4&nbsp;million in relation to the fifth annual contingent payment. The original purchaser of the Savage River Project has disputed the estimated $22.1&nbsp;million remaining balance of the fifth annual contingent payment. Ivanhoe Mines is committed to collecting this amount in full and has included the $22.1&nbsp;million in accounts receivable as at December&nbsp;31, 2010 (Note 7). In 2010, Ivanhoe Mines initiated arbitration proceedings by filing a Request for Arbitration with the ICC International Court of Arbitration (ICC). In January&nbsp;2011, the ICC determined that the location of arbitration is Sydney, Australia and that the matter will be submitted to a sole arbitrator. The provisional timetable is yet to be finalized between the parties and the sole arbitrator.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">To date, Ivanhoe Mines has received $144.4&nbsp;million in proceeds from the sale.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(b)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During December&nbsp;2009, Ivanhoe Mines sold the Indonesia Coal Division, which was composed entirely of the Mamahak Coal Project ("Mamahak"). Ivanhoe Mines divested its 85.0% interest in Mamahak to Kangaroo Resources Limited ("Kangaroo") for consideration comprising of $1.0&nbsp;million cash and 50.0&nbsp;million shares of Kangaroo possessing a fair value of $8.8&nbsp;million. Ivanhoe Mines incurred transaction costs of $1.0&nbsp;million related to the disposition of Mamahak.</div></td></tr></table></div> </div> 14013000 42729000 31911000 <div> <b><font style="font-size: 11pt;" lang="EN-CA" class="_mt"> </font></b> <div> <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>26.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>DISCLOSURES REGARDING FINANCIAL INSTRUMENTS</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(a)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The estimated fair value of Ivanhoe Mines' financial instruments was as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="44%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="14" nowrap="nowrap" align="center"><b>December 31,</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Carrying</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Fair</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Carrying</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Fair</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Amount</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Value</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Amount</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Value</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Cash and cash equivalents</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>1,264,031</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>1,264,031</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">965,823</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">965,823</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Short-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>98,373</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>98,373</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">14,999</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">14,999</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accounts receivable</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>65,741</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>65,741</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">39,349</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">39,349</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>151,191</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>280,181</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">93,511</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">154,976</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>191,816</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>191,816</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">145,035</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">145,035</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accounts payable and accrued liabilities</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>260,528</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>260,528</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">55,128</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">55,128</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Amounts due under credit facilities</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>54,695</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>54,695</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">55,523</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">55,523</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Rights offering derivative liability</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>766,238</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>766,238</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Convertible credit facilities</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>254,596</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>254,596</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">928,618</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">940,380</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>26.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>DISCLOSURES REGARDING FINANCIAL INSTRUMENTS (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(a)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">(Continued)</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The fair value of Ivanhoe Mines' long-term investments was determined by reference to published market quotations, which may not be reflective of future values.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The fair value of Ivanhoe Mines' other long-term investments, consisting of the Long-Term Notes, T-Bill, first tax prepayment and Money Market investments, was determined by considering the best available data regarding market conditions for such investments, which may not be reflective of future values.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The fair value of the rights offering derivative liability was determined by reference to published market quotations, which may not be reflective of future value.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The fair value of the Rio Tinto convertible credit facility was estimated to approximate the balance of principal and interest outstanding, due primarily to the short-term maturity of this facility.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The fair value of the CIC convertible debenture was estimated to approximate the aggregate carrying amount of the CIC convertible credit facility liability and interest payable. This aggregate carrying amount includes the estimated fair value of the embedded derivative liability which was determined using a Monte Carlo simulation valuation model.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The fair values of Ivanhoe Mines' remaining financial instruments were estimated to approximate their carrying values, due primarily to the immediate or short-term maturity of these financial instruments.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(b)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines is exposed to credit risk with respect to its accounts receivable. The significant concentrations of credit risk are situated in Mongolia and Australia. Ivanhoe Mines does not mitigate the balance of this risk in light of the credit worthiness of its major debtors.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(c)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines is exposed to interest rate risk with respect to the variable rates of interest incurred on the amounts due under credit facilities (Note 14). Interest rate risk is concentrated in Canada. Ivanhoe Mines does not mitigate the balance of this risk.</div></td></tr></table></div></div></div></div> </div> <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>25.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>FAIR VALUE ACCOUNTING</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The ASC establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of the fair value hierarchy are as follows:</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">Level 1:</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">Level 2:</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">Level 3:</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> </div> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>25.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>FAIR VALUE ACCOUNTING (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The following table sets forth the Company's assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="44%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="14" nowrap="nowrap" align="center">Fair Value at December 31, 2010</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Total</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Level 1</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Level 2</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Level 3</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Assets:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Short-term investments</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>98,373</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">98,373</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>113,666</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">113,458</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">208</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>191,816</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">45,173</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">146,643</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>403,855</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">257,004</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">208</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">146,643</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Liabilities:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Rights offering derivative liability</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>766,238</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">766,238</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Embedded derivative liability</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>154,877</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">154,877</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>921,115</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">766,238</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">154,877</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="44%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="14" nowrap="nowrap" align="center">Fair Value at December 31, 2009</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Total</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Level 1</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Level 2</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Level 3</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Assets:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Short-term investments</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>14,999</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">14,999</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>53,180</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">49,119</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,061</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>145,035</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">47,194</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">97,841</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>213,214</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">111,312</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">4,061</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">97,841</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Liabilities:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Rights offering derivative liability</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Embedded derivative liability</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>358,272</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">358,272</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>358,272</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">358,272</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company's short-term and long-term investments are classified within Level 1 and 2 of the fair value hierarchy as they are valued using quoted market prices of certain investments, as well as quoted prices for similar investments.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company's other long-term investments are classified within Level 1 and 3 of the fair value hierarchy and consist of Long-Term Notes, T-Bill, first tax prepayment and Money Market investments.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company's rights offering derivative liability is classified within Level 1 of the fair value hierarchy as it is valued using quoted market prices for the rights.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> </div> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>25.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>FAIR VALUE ACCOUNTING (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company's embedded derivative liability, included within convertible credit facilities (Note 15 (b)), is classified within Level 2 of the fair value hierarchy as it is determined using a Monte Carlo simulation valuation model, which uses readily observable market inputs.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The table below sets forth a summary of changes in the fair value of the Company's Level 3 financial assets (other long-term investments) for the year ended December&nbsp;31, 2010.</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="44%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Long-Term</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Tax</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Notes</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>T-Bills</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Prepayment</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Totals</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balance, December&nbsp;31, 2008</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">22,301</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>22,301</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Additions</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">100,000</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>100,000</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accrued interest</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">600</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>600</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Foreign exchange gains</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,473</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,473</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Fair value redeemed</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(778</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(778</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized gain (loss)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">693</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(27,448</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(26,755</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balance, December&nbsp;31, 2009</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">24,689</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">73,152</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>97,841</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Additions</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">50,000</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>50,000</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accrued interest</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,818</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">645</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3,463</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Foreign exchange gains</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,180</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,180</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Fair value redeemed</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(104</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(104</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized gain (loss)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,998</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,424</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(14,159</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(5,737</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balance, December&nbsp;31, 2010</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>29,763</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>80,394</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>36,486</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>146,643</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> </div></div> </div> 34070000 8700000 3000000 -154316000 45750000 84427000 -269628000 -255416000 -302061000 -285016000 -3645000 6585000 -45898000 -42718000 <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>16.</b> </td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>INCOME TAXES</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As referred to in Note 2(b), Ivanhoe Mines must make significant estimates in respect of its provision for income taxes and the composition of its deferred income tax assets and liabilities. Ivanhoe Mines' operations are, in part, subject to foreign tax laws where interpretations, regulations and legislation are complex and continually changing. As a result, there are usually some tax matters in question that may, upon resolution in the future, result in adjustments to the amount of deferred income tax assets and liabilities, and those adjustments may be material to Ivanhoe Mines' financial position and results of operations.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines' (recovery)&nbsp;provision for income and capital taxes for continuing operations consists of the following:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Years ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Deferred income taxes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(15,124</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(14,520</td> <td nowrap="nowrap">)</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Capital taxes</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,006</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,055</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(13,118</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(13,465</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>16.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>INCOME TAXES (Continued)</b> </div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Deferred income tax assets and liabilities for continuing operations at December&nbsp;31, 2010 and 2009 arise from the following:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Deferred income tax assets</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Long-term investments</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>60,380</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">42,642</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Loss carry-forwards</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>401,271</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">281,308</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>21,052</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">13,290</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>482,703</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">337,240</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Valuation allowance</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(465,814</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(330,287</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Net deferred income tax assets</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>16,889</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,953</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Deferred income tax liabilities</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Property, plant and equipment</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>11,123</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">10,888</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>11,123</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">10,888</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Deferred income tax assets (liabilities), net</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>5,766</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(3,935</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">A reconciliation of the provision for income and capital taxes for continuing operations is as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Years ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Recovery of income taxes based on the combined Canadian federal and provincial statutory tax rates of 28.5% in 2010 and 30.0% in 2009 applied to the net loss from continuing operations</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>65,887</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">86,997</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Deduct</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Lower foreign tax rates</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,705</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(3,696</td> <td nowrap="nowrap">)</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Tax benefit of losses not recognized</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(72,969</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(60,189</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Capital taxes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(2,006</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,055</td> <td nowrap="nowrap">)</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Foreign exchange and other</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>19,501</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(8,592</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Recovery for income and capital taxes</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>13,118</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">13,465</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>16.</b> </td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>INCOME TAXES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">At December&nbsp;31, 2010, Ivanhoe Mines had the following unused tax losses from continuing operations:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="44%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Local</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">U.S. Dollar</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Expiry</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Currency</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Equivalent (i)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Dates</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Non-capital losses:</div></td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Canada</div></td> <td>&nbsp;</td> <td valign="top" colspan="3" align="right">Canadian</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">249,258</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">249,757</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" nowrap="nowrap" align="right">2011 to 2030</td> <td valign="top">&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Australia</div></td> <td>&nbsp;</td> <td valign="top" colspan="3" align="right">Australian</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">207,869</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">212,712</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" nowrap="nowrap" align="left">&nbsp;</td> <td valign="top" align="center">(a)</td> <td valign="top" nowrap="nowrap">&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Mongolia</div></td> <td>&nbsp;</td> <td valign="top" colspan="3" nowrap="nowrap" align="right">Mongolian Tugrik</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">2,457,256,318</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">1,951,752</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" nowrap="nowrap" align="left">&nbsp;</td> <td valign="top" align="center">(b)</td> <td valign="top" nowrap="nowrap">&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Mongolia</div></td> <td>&nbsp;</td> <td valign="top" colspan="3" nowrap="nowrap" align="right">Mongolian Tugrik</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">42,793,003</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">33,990</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" nowrap="nowrap" align="center">2011 to 2020</td> <td valign="top">&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Mongolia</div></td> <td>&nbsp;</td> <td valign="top" colspan="3" align="right">Mongolian Tugrik</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">61,570,681</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">48,904</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" nowrap="nowrap" align="center">2011 to 2018</td> <td valign="top">&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Indonesia</div></td> <td>&nbsp;</td> <td valign="top" colspan="3" nowrap="nowrap" align="right">Indonesian Rupiah</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">101,038,528</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">11,231</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" nowrap="nowrap" align="center">2011 to 2015</td> <td valign="top">&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Hong Kong</div></td> <td>&nbsp;</td> <td valign="top" colspan="3" align="right">Hong Kong</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">46,272</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">5,953</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" nowrap="nowrap" align="left">&nbsp;</td> <td valign="top" align="center">(c)</td> <td valign="top" nowrap="nowrap">&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Capital losses:</div></td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Canada</div></td> <td>&nbsp;</td> <td valign="top" colspan="3" align="right">Canadian</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">26,970</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">27,024</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" nowrap="nowrap" align="left">&nbsp;</td> <td valign="top" align="center">(d)</td> <td valign="top" nowrap="nowrap">&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(i)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Translated using the year-end exchange rate.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(a)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">These losses are carried forward indefinitely, subject to continuity of ownership and business tests.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(b)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">These losses are carried forward until production from a mine commences; thereafter, they can be amortized on a straight-line basis.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(c)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">These losses are carried forward indefinitely.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(d)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">These losses are carried forward indefinitely for utilization against future net realized capital gains.</div></td></tr></table> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="4%" nowrap="nowrap" align="left">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines also has deductible temporary differences and unused tax losses in certain other foreign jurisdictions that are not disclosed above, as it is currently highly unlikely that these items will be utilized.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="4%" nowrap="nowrap" align="left">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines had no unrecognized tax benefits as of December&nbsp;31, 2010 and 2009. Under current conditions and expectations, management does not foresee any significant changes in unrecognized tax benefits that would have a material impact on the Company's financial statements.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="4%" nowrap="nowrap" align="left">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">During 2010 and 2009, Ivanhoe Mines did not recognize any accrued interest or penalties related to unrecognized tax benefits within the statement of operations or balance sheet.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="4%" nowrap="nowrap" align="left">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines is subject to taxes in Canada, Mongolia, Australia and various foreign countries. The tax years of major tax jurisdictions which remain subject to examination as of December&nbsp;31, 2010 are as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="86%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Canada</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="right">2003 to 2010</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Mongolia</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="right">2005 to 2010</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Australia</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="right">2006 to 2010</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p></div> </div> -13465000 -13118000 4565000 18889000 21601000 32827000 4712000 6312000 <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>8.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>INVENTORIES</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Stockpiles</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>3,637</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9,553</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Materials and supplies</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>36,927</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">8,462</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>40,564</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">18,015</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div></div> </div> 18015000 40564000 14729000 3587000 16567000 1055593000 1402031000 1534681000 3218474000 456300000 1047693000 1424000 23611000 66738000 5436000 40838000 952000 2610000 <div> <b><font style="font-size: 11pt;" lang="EN-CA" class="_mt"> </font></b> <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>20.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>NONCONTROLLING INTERESTS</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">At December&nbsp;31, 2010 there were noncontrolling interests in SouthGobi, Ivanhoe Australia and Oyu Tolgoi:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="44%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="14" nowrap="nowrap" align="center">Noncontrolling Interests</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Ivanhoe</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Oyu Tolgoi</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">SouthGobi</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Australia</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">(a)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Total</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balance, December&nbsp;31, 2008</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">17,623</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">3,069</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">20,692</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Noncontrolling interests' share of loss</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(19,515</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(6,020</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(25,535</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Noncontrolling interests' share of other comprehensive loss</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,547</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,547</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Changes in noncontrolling interests arising from changes in ownership interests</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,258</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(122</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,136</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Derivative contract</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,594</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,594</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Purchase Metals division from subsidiary</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">518</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">518</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balance, December&nbsp;31, 2009</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">2,478</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1,526</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">952</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Noncontrolling interests' share of loss</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(33,193</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(17,056</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(16,703</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(66,952</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Noncontrolling interests' share of other comprehensive income</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">11,868</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">7,918</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,382</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">21,168</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Changes in noncontrolling interests arising from changes in ownership interests</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">305,766</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">79,756</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(338,080</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">47,442</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balance, December&nbsp;31, 2010</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">286,919</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">69,092</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(353,401</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">2,610</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div align="left"> <div style="margin-top: 6pt; width: 18%; font-size: 3pt; border-top: #000000 0px solid;"> </div></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(a)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Oyu Tolgoi Shareholders' Agreement, which was signed and approved on October&nbsp;6, 2009, established the basis upon which the Mongolian Government would, in accordance with Mongolian law, through its wholly-state-owned company, Erdenes MGL LLC, obtain and hold an initial 34% equity interest in Oyu Tolgoi and provides for the respective rights and obligations of the shareholders of Oyu Tolgoi.</div></td></tr></table> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="4%" nowrap="nowrap" align="left">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">On May&nbsp;31, 2010, pursuant to the terms of the Oyu Tolgoi Shareholders' Agreement, the Mongolian Government obtained a 34% interest in Oyu Tolgoi upon the receipt of fully registered shares of Oyu Tolgoi. In accordance with the ASC guidance for consolidation accounting, the Company continued to consolidate its remaining 66% interest in Oyu Tolgoi. No value was assigned to the consideration received by the Company as the fair value of neither the consideration received nor the asset relinquished was determinable within reasonable limits. Accordingly, on May&nbsp;31, 2010, the Company recognized a deficit noncontrolling interest balance of $338.1&nbsp;million associated with the noncontrolling interest's share of the carrying amount of Oyu Tolgoi's net deficit. Accumulated other comprehensive income and additional paid-in capital were adjusted by $14.0&nbsp;million and $324.1&nbsp;million, respectively.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p></div></div> </div> <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>1.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>NATURE OF OPERATIONS</b></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines Ltd. (the "Company"), together with its subsidiaries (collectively referred to as "Ivanhoe Mines"), is an international mineral exploration, development and production company holding interests in and conducting operations on mineral resource properties principally located in Central Asia and Australia.</div></td></tr></table></div></div> </div> 912591000 1426989000 -190348000 -866416000 -183837000 -866416000 -183259000 -294276000 -280171000 -211479000 -25535000 -66952000 -218909000 -322682000 30250000 1243000 2338000 16227000 33883000 11191000 9644000 1547000 54798000 47653000 7145000 -2470000 -172000 -1027000 38975000 675198000 14999000 80844000 10387000 15988000 23338000 485000000 38725000 6442000 392877000 785203000 37575000 3897000 655417000 15000000 -305706000 -25535000 -280171000 -278431000 -66952000 -211479000 <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>11.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>PROPERTY, PLANT AND EQUIPMENT</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="28%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="7%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="7%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="7%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="7%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="7%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="7%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="22" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="10" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="10" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Accumulated</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Accumulated</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Depletion and</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Depletion and</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Depreciation,</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Depreciation,</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Including</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Net Book</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Including</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Net Book</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Cost</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Write-downs</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Value</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Cost</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Write-downs</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Value</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Mining plant and equipment</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Ovoot Tolgoi, Mongolia (b)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>10,647</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(1,428</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>9,219</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9,991</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(359</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9,632</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other mineral property interests</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Oyu Tolgoi, Mongolia (a)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>48,120</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(6,316</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>41,804</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">43,792</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(6,296</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">37,496</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Ovoot Tolgoi, Mongolia (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>26,831</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(766</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>26,065</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">16,264</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(83</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">16,181</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Australia (c)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>25,470</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(126</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>25,344</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">24,403</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(126</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">24,277</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other exploration projects</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,252</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(1,244</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>8</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,335</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,306</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">29</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>101,673</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(8,452</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>93,221</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">85,794</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(7,811</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">77,983</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other capital assets</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Oyu Tolgoi, Mongolia (a)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>24,203</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(14,471</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>9,732</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">16,119</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(11,756</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">4,363</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Ovoot Tolgoi, Mongolia (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>228,241</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(24,154</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>204,087</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">74,469</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(8,323</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">66,146</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Australia (c)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>46,785</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(2,723</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>44,062</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">5,724</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,557</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,167</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other exploration projects</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3,351</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(2,573</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>778</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,657</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(2,128</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">529</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>302,580</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(43,921</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>258,659</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">98,969</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(23,764</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">75,205</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Capital works in progress</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Oyu Tolgoi, Mongolia (a) (d)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>953,581</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>953,581</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">54,991</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">54,991</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Ovoot Tolgoi, Mongolia (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>16,364</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>16,364</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">970</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">970</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Australia (c)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,604</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,604</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>971,549</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>971,549</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">55,961</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">55,961</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>1,386,449</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(53,801</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>1,332,648</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">250,715</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(31,934</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">218,781</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(a)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines has a 66% interest in the Oyu Tolgoi copper-gold project located in Mongolia. On April&nbsp;1, 2010, Ivanhoe Mines commenced capitalizing Oyu Tolgoi Project development costs. As of this date, reserve estimates for the Oyu Tolgoi Project had been announced and the procedural and administrative conditions contained in the Investment Agreement were satisfied. During the year ended December&nbsp;31, 2010, additions to property, plant and equipment for the Oyu Tolgoi Project totalled $911.0 million, which included development costs.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">A significant portion of exploration expenses incurred prior to April&nbsp;1, 2010 relate directly to the development of Oyu Tolgoi. Included in exploration expenses were shaft sinking, engineering, and development costs that have been expensed and not capitalized (Note 3).</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Certain costs incurred prior to April&nbsp;1, 2010 to construct surface assets at Oyu Tolgoi have been capitalized. Ivanhoe Mines determined that these costs met the definition of an asset and that they were recoverable through salvage value or transfer of the assets to other locations. These costs were tested for impairment using estimated future cash flows based on reserves and resources beyond proven and probable reserves, in accordance with accounting policy Note 2 (j)&nbsp;for property, plant and equipment.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(b)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">SouthGobi holds a 100% interest in the Ovoot Tolgoi coal project located in Mongolia. In 2008, SouthGobi began open pit operations at Ovoot Tolgoi.</div></td></tr></table> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>11.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>PROPERTY, PLANT AND EQUIPMENT (Continued)</b></div></td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(c)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines through its majority owned subsidiary, Ivanhoe Australia, owns certain mining and exploration leases in Queensland, Australia, which contain prospective molybdenum, rhenium, copper, gold, zinc, silver and uranium occurrences.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">On September&nbsp;30, 2010, Ivanhoe Mines completed its acquisition of the Osborne Copper and Gold complex ("Osborne") located in Australia. The assets acquired include a concentrator, infrastructure and tenements.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(d)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">In March&nbsp;2010, Ivanhoe Mines and Rio Tinto completed an agreement whereby the Company issued 15&nbsp;million common shares to Rio Tinto for net proceeds of $241.1&nbsp;million (Cdn$244.7&nbsp;million). Ivanhoe Mines used $195.4&nbsp;million of the proceeds to purchase from Rio Tinto key mining and milling equipment to be installed during the construction of the Oyu Tolgoi Project (Note 21 (b)).</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Much of the equipment originally was ordered by Ivanhoe Mines from various manufacturers while it was waiting for an Investment Agreement with the Government of Mongolia. Ivanhoe Mines sold the equipment for $121.5&nbsp;million to Rio Tinto in August&nbsp;2008 under an agreement between the companies. Additional equipment also was acquired by Rio Tinto directly from suppliers.</div></td></tr></table></div> </div> 218781000 1332648000 39349000 65741000 <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>22.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>RELATED PARTY TRANSACTIONS</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The following tables summarize transactions with related parties which were primarily incurred on a cost-recovery basis with a company affiliated with Ivanhoe Mines, companies related by way of directors or shareholders in common or a legal firm which an officer of a subsidiary of the Company is a partner of. The tables summarize related party transactions by related party and by type:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Years Ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Rio Tinto plc (a)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>23,836</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">8,588</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Global Mining Management Corporation (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>13,627</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">8,982</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Ivanhoe Capital Aviation LLC (c)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>6,465</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">5,940</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Fognani &amp; Faught, PLLC (d)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>476</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">60</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Ivanhoe Capital Corporation (e)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>434</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">211</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Ivanhoe Capital Services Ltd. (f)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>752</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">618</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>45,590</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">24,399</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Years Ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Exploration and development</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>23,836</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">8,588</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Salaries and benefits</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>11,437</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">7,379</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Travel (including aircraft rental)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>6,465</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">5,940</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Office and administrative</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3,376</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,432</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Legal</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>476</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">60</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>45,590</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">24,399</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The above noted transactions were in the normal course of operations and were measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Accounts receivable and accounts payable at December&nbsp;31, 2010, included $2.1&nbsp;million and $8.7 million, respectively (December&nbsp;31, 2009 &#8212; $0.7&nbsp;million and $4.8&nbsp;million, respectively), which were due from/to a company affiliated with Ivanhoe Mines, companies related by way of directors or shareholders in common, or a legal firm which an officer of a subsidiary of the Company is a partner of.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(a)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In 2010 and 2009, Rio Tinto completed certain equity transactions with the Company (Note 18 (b)), which increased Rio Tinto's equity ownership in the Company to 40.3% (December&nbsp;31, 2009 &#8212; 19.7%). Rio Tinto provides services for the Oyu Tolgoi Project on a cost-recovery basis. At December&nbsp;31, 2010, $14.0&nbsp;million (December&nbsp;31, 2009 &#8212; $nil) in payables to Rio Tinto have been classified as non-current. Payment of these amounts have been deferred until Ivanhoe Mines reaches certain production milestones at the Oyu Tolgoi Project.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> </div> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>22.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>RELATED PARTY TRANSACTIONS (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(b)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Global Mining Management Corporation ("Global") is a private company based in Vancouver owned equally by seven companies, one of which is Ivanhoe Mines. Global has a director in common with the Company. Global provides administration, accounting, and other office services to the Company on a cost-recovery basis.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(c)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Capital Aviation LLC ("Aviation") is a private company 100% owned by the Company's Chairman and Chief Executive Officer. Aviation operates an aircraft which is rented by the Company on a cost-recovery basis.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(d)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">An officer of a subsidiary of the Company is a partner with Fognani &amp; Faught, PLLC, a legal firm which provides legal services to Ivanhoe Mines.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(e)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Capital Corporation ("ICC") is a private company 100% owned by the Company's Chairman and Chief Executive Officer. ICC provides administration and other office services in London on a cost-recovery basis.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(f)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Capital Services Ltd. ("ICS") is a private company 100% owned by the Company's Chairman and Chief Executive Officer. ICS provides management services out of Singapore and London on a cost-recovery basis.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanplats is a private company 38% owned by the Company's Chairman and Chief Executive Officer. During 2010, Ivanhoe Mines purchased common shares of Ivanplats (Note 9 (e)(i)). In January&nbsp;2011, Ivanhoe Mines sold 1.4&nbsp;million common shares of Ivanplats for proceeds of $14.0 million.</div></td></tr></table></div></div> </div> 2193000 3244000 -1800179000 -2913576000 36038000 79777000 <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>14.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>AMOUNTS DUE UNDER CREDIT FACILITIES</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;"><i>Current</i></div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Non-revolving bank loans (a)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>14,615</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">14,544</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Revolving line of credit facility (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,000</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>14,615</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">17,544</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;"><i>Non-Current</i></div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Two-year extendible loan facility (c)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>40,080</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">37,979</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(a)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">In October&nbsp;2007, Ivanhoe Mines obtained non-revolving bank loans which are due on demand and secured against certain securities and other investments.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(b)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">In December&nbsp;2009, Ivanhoe Mines obtained a one year revolving line of credit facility, which is secured against certain equipment in Mongolia.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(c)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">In April&nbsp;2009, Ivanhoe Mines obtained a non-revolving, two-year extendible loan facility, which is secured against certain securities and other investments.</div></td></tr></table></div> </div> <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>12.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>OTHER ASSETS</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Environmental bond</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>22,555</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">3,427</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Deferred rights offering fees</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>4,404</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Deferred SouthGobi Hong Kong listing fees</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,565</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Transaction costs (Note 15 (b))</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,800</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">5,601</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Advances</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,253</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,187</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Restricted cash</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>965</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">852</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,906</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">595</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>33,883</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">16,227</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div></div> </div> 17544000 14615000 37979000 40080000 <div> <b><font style="font-size: 11pt;" lang="EN-CA" class="_mt"> </font></b> <div> <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>23.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SEGMENT DISCLOSURES</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="40%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="18" nowrap="nowrap" align="center">Year Ended December 31, 2010</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Development</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Exploration</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Coal</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Corporate</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Consolidated</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">REVENUE</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">79,777</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>79,777</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">COST OF SALES</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Production and delivery</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(66,738</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(66,738</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Depreciation and depletion</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(13,306</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(13,306</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying value of inventory</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(14,729</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(14,729</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">COST OF SALES</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(94,773</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(94,773</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">EXPENSES</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Exploration</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(83,358</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(86,093</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(49,175</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(218,626</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">General and administrative</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(84,427</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(84,427</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Depreciation</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(645</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,226</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(79</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(146</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(2,096</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accretion of asset retirement obligations</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(89</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(110</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(199</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Gain on sale of other mineral property rights</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying values of property, plant and equipment</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(2,338</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(2,338</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">TOTAL EXPENSES</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(84,092</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(87,319</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(146,475</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(84,573</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(402,459</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">OPERATING LOSS</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(84,092</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(87,319</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(66,698</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(84,573</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(322,682</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">OTHER INCOME (EXPENSES)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Interest income</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,731</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,928</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,441</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,467</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>16,567</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Interest expense</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(24,125</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(8,702</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(32,827</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accretion of convertible credit facilities</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(59</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(11,650</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(11,709</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Foreign exchange gains</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">995</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">606</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,611</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">5,488</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>8,700</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized gains on long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">360</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>360</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized gains on other long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">510</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,998</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>4,508</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Realized gain on redemption of other long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">151</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>151</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Change in fair value of derivative</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">135,680</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>135,680</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Change in fair value of embedded derivatives</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">100,637</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>100,637</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Loss on conversion of convertible credit facility</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(154,316</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(154,316</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Transaction costs on issuance of convertible debenture</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying value of long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(485</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(485</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Gain on sale of long-term investment</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">SouthGobi Hong Kong listing fees</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">LOSS BEFORE INCOME TAXES AND OTHER ITEMS</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(79,366</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(82,785</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(139,639</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">46,374</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(255,416</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Recovery (provision)&nbsp;for income taxes</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">89</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,157</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">11,919</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,267</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>13,118</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Share of loss of significantly influenced investees</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(846</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(41,872</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(42,718</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">NET LOSS FROM CONTINUING OPERATIONS</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(79,277</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(84,788</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(127,720</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,769</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(285,016</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">INCOME FROM DISCONTINUED OPERATIONS</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,585</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>6,585</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">NET LOSS</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(79,277</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(84,788</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(127,720</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">13,354</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(278,431</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">16,703</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">17,056</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">33,193</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>66,952</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">NET LOSS ATTRIBUTABLE TO IVANHOE MINES LTD.</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(62,574</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(67,732</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(94,527</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">13,354</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(211,479</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">CAPITAL EXPENDITURES</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">479,575</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">19,965</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">175,566</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">92</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>675,198</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">TOTAL ASSETS</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">1,404,329</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">318,611</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">960,204</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">535,330</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>3,218,474</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt; font-size: 10pt;" align="justify">During the year ended December&nbsp;31, 2010, all of the coal division's revenue arose from coal sales in Mongolia. Revenues from the two largest customers were $45.5&nbsp;million and $31.9&nbsp;million, respectively. </div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>23.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SEGMENT DISCLOSURES (Continued)</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="40%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="18" nowrap="nowrap" align="center">Year Ended December 31, 2009</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Development</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Exploration</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Coal</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Corporate</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Consolidated</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">REVENUE</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">36,038</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>36,038</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">COST OF SALES</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Production and delivery</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(23,611</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(23,611</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Depreciation and depletion</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(5,814</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(5,814</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying value of inventory</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">COST OF SALES</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(29,425</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(29,425</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">EXPENSES</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Exploration</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(107,381</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(48,182</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(21,499</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(177,062</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">General and administrative</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(45,750</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(45,750</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Depreciation</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(2,865</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,321</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(20</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(120</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(4,326</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accretion of asset retirement obligations</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(88</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(53</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(141</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Gain on sale of other mineral property rights</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,000</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3,000</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying values of property, plant and equipment</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(266</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(977</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(1,243</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">TOTAL EXPENSES</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(110,334</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(46,769</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(50,997</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(46,847</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(254,947</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">OPERATING LOSS</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(110,334</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(46,769</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(14,959</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(46,847</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(218,909</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">OTHER INCOME (EXPENSES)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Interest income</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">622</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,199</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">77</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,689</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3,587</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Interest expense</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(4,721</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(16,880</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(21,601</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accretion of convertible credit facilities</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(10</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(14,335</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(14,345</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Foreign exchange gains</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(233</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(55</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,070</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">35,428</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>34,070</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized gains on long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,099</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,099</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized gains on other long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(255</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">693</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>438</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Realized gain on redemption of other long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,458</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,458</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Change in fair value of derivative</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Change in fair value of embedded derivatives</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(44,980</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(44,980</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Loss on conversion of convertible credit facility</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Transaction costs on issuance of convertible debenture</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(9,399</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(9,399</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying value of long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Gain on sale of long-term investment</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,424</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,424</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">SouthGobi Hong Kong listing fees</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(2,470</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(2,470</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">LOSS BEFORE INCOME TAXES AND OTHER ITEMS</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(109,945</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(45,625</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(76,688</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(37,370</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(269,628</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Recovery (provision)&nbsp;for income taxes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(27</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,254</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,337</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">5,901</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>13,465</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Share of loss of significantly influenced investees</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,191</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(44,707</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(45,898</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">NET LOSS FROM CONTINUING OPERATIONS</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(109,972</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(45,562</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(70,351</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(76,176</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(302,061</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">INCOME FROM DISCONTINUED OPERATIONS</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(30,461</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">26,816</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(3,645</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">NET LOSS</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(109,972</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(45,562</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(100,812</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(49,360</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(305,706</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,019</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">19,516</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>25,535</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">NET LOSS ATTRIBUTABLE TO IVANHOE MINES LTD.</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(109,972</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(39,543</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(81,296</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(49,360</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(280,171</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">CAPITAL EXPENDITURES</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">1,315</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">1,446</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">36,175</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">39</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>38,975</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">TOTAL ASSETS</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">160,613</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">110,899</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">576,568</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">686,601</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>1,534,681</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt; font-size: 10pt;" align="justify">During the year ended December&nbsp;31, 2009, all of the coal division's revenue arose from coal sales in Mongolia to two customers. Total revenues by customer were $23.0&nbsp;million and $13.0 million. </div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>23.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SEGMENT DISCLOSURES (Continued)</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Property, plant and equipment at the end of the year:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Mongolia</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>1,259,764</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">189,837</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Australia</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>71,010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">28,444</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Canada</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>935</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">168</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>939</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">332</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>1,332,648</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">218,781</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> </div></div></div></div> </div> 378046013 425447552 568560669 14999000 98373000 <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>2.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SIGNIFICANT ACCOUNTING POLICIES</b></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The significant accounting policies used in these consolidated financial statements are as follows:</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Principles of consolidation</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">These consolidated financial statements include the accounts of the Company and those entities in which the Company has a controlling financial interest either through voting rights or means other than voting rights. For these entities, the Company records 100% of the revenues, expenses, cash flows, assets and liabilities in the consolidated financial statements. For entities that the Company controls but holds less than a 100% ownership interest, a noncontrolling interest is recorded in the consolidated statement of operations and balance sheet to reflect the noncontrolling interest's share of the net income (loss)&nbsp;and net assets of the entity, respectively.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company has assessed all entities, including those entities that hold economic interests in projects that are in the exploration or development stage, in which the Company holds an economic interest, to determine if they are variable interest entities ("VIEs"). If they are determined to be VIEs, the Company assesses on an ongoing basis who the primary beneficiary is based on who has the power to direct matters that most significantly impact the VIE's economic performance and who has the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. Matters that may have a significant impact on the VIE's economic performance include, but are not limited to, approval of budgets and programs, financing decisions, construction decisions and delegation of certain responsibilities to the operator of the project. For VIEs where the Company is the primary beneficiary, the Company consolidates the entity and records a noncontrolling interest, measured initially at its estimated fair value, for the interest held by other equity owners. For VIEs where the Company has shared power with unrelated parties over the aforementioned matters that most significantly impact the VIE's economic performance, the Company uses the equity method of accounting to report their results.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br /><br />Notes to the Consolidated Financial Statements<br /><br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>2.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SIGNIFICANT ACCOUNTING POLICIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Principles of consolidation (Continued)</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The following table illustrates the Company's policy used to account for its interests in significant entities where the Company holds less than a 100% economic interest. The Company consolidates all entities where it holds a 100% economic interest.</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Economic interest</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>at December 31, 2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Method</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Ivanhoe Australia Limited (i)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="center">62.0%</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">Consolidation</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">SouthGobi Resources Ltd. (ii)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="center">57.1%</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">Consolidation</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Oyu Tolgoi LLC (iii)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="center">66.0%</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">Consolidation</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Altynalmas Gold Ltd. (iv)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="center">50.0%</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right"><font style="white-space: nowrap;" class="_mt">Equity Method</font></td> <td>&nbsp;</td></tr></table></div> <div align="left"> <div style="margin-top: 3pt; width: 18%; font-size: 3pt; border-top: #000000 0px solid;"> </div></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="8%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="88%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(i)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Company holds a 62.0% interest in Ivanhoe Australia Limited ("Ivanhoe Australia"), which is developing its copper-gold discoveries in the Cloncurry region of Queensland, Australia, and also is planning the development of its wholly-owned Merlin Project, a high-grade molybdenum and rhenium deposit.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(ii)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Company holds a 57.1% interest in SouthGobi Resources Ltd. ("SouthGobi"), which is selling coal produced at its Ovoot Tolgoi mine in southern Mongolia to customers in China and is conducting ongoing exploration and development programs at several other Mongolian coal prospects.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(iii)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Wholly-owned subsidiaries of the Company together hold a 66.0% interest in Oyu Tolgoi LLC ("Oyu Tolgoi"), a VIE whose principal asset is the Oyu Tolgoi copper and gold project under construction in southern Mongolia.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">On May&nbsp;31, 2010, pursuant to the terms of the Oyu Tolgoi Shareholders' Agreement, the Mongolian Government obtained a 34% interest in Oyu Tolgoi. The Company has determined that no individual party has both: (a)&nbsp;the unilateral power to direct the activities that most significantly impact Oyu Tolgoi's economic performance and (b)&nbsp;the obligation to absorb losses or the right to receive benefits that could potentially be significant to Oyu Tolgoi. The Company has continued to consolidate its 66% interest in Oyu Tolgoi as it remains a member of a related party group with such attributes and is the entity within the group that is most closely associated with Oyu Tolgoi.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Company has historically funded 100% of the Oyu Tolgoi copper and gold project's exploration and development costs via equity and debt investments in Oyu Tolgoi. At December&nbsp;31, 2010, the consolidated carrying amounts (100%) of Oyu Tolgoi's assets and liabilities were $1.4&nbsp;billion and $0.2&nbsp;billion, respectively. The maximum exposure to loss related to this VIE is $2.4&nbsp;billion, calculated as the aggregate of the carrying amounts of the Company's common share interest, preferred share interest, shareholder loan interests and certain obligations of Oyu Tolgoi guaranteed by the Company.</div></td></tr></table> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br /><br />Notes to the Consolidated Financial Statements<br /><br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>2.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SIGNIFICANT ACCOUNTING POLICIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Principles of consolidation (Continued)</i></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(iv)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company holds a 50.0% interest in Altynalmas Gold Ltd. ("Altynalmas"), which owns the Kyzyl Gold Project that hosts the Bakyrchik and Bolshevik gold deposits in Kazakhstan. The Company accounts for its interest in this VIE using the equity method. The maximum exposure related to this VIE is limited to the carrying amount of the shareholder loan due from Altynalmas (Note 9(a)).</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(b)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Measurement uncertainties</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Generally accepted accounting principles require management to make assumptions and estimates that affect the reported amounts and other disclosures in these consolidated financial statements. Actual results may differ from those estimates.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Significant estimates used in the preparation of these consolidated financial statements include, among other things, the recoverability of accounts receivable and investments, the proven and probable ore reserves, the estimated recoverable tonnes of ore from each mine area, the estimated net realizable value of inventories, the provision for income taxes and composition of deferred income tax assets and deferred income tax liabilities, the expected economic lives of and the estimated future operating results and net cash flows from property, plant and equipment, depreciation and depletion, stock-based compensation, beneficial conversion feature, estimated fair value of share purchase warrants, estimated fair value of derivatives and embedded derivatives, and the anticipated costs and timing of asset retirement obligations.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(c)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Foreign currencies</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company has determined the U.S. dollar to be its functional currency as it is the currency of the primary economic environment in which the Company and its subsidiaries operate. Accordingly, monetary assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect at the balance sheet date and non-monetary assets and liabilities are translated at the exchange rates in effect at the time of acquisition or issue. Revenues and expenses are translated at rates approximating the exchange rates in effect at the time of the transactions. All exchange gains and losses are included in operations.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">For foreign subsidiaries whose functional currency is the local currency, assets and liabilities are translated into U.S. dollars at the exchange rate in effect at the balance sheet date, while revenues and expenses are translated at average rates in effect for the period. The related translation gains and losses are included in accumulated other comprehensive income (loss)&nbsp;within shareholders' equity.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> </div> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br /><br />Notes to the Consolidated Financial Statements<br /><br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>2.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SIGNIFICANT ACCOUNTING POLICIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(d)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Revenue recognition</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Sales revenues are recognized when the risks and rewards of ownership pass to the customer, collection is reasonably assured and the price is reasonably determinable. This occurs when coal is either loaded onto a train or truck or when it is unloaded at the final destination, depending on the terms of the sales contract.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(e)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Cash and cash equivalents</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Cash and cash equivalents include short-term money market instruments with terms to maturity, at the date of acquisition, not exceeding 90&nbsp;days.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(f)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Short-term investments</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Short-term investments include money market instruments with terms to maturity, at the date of acquisition, exceeding 90&nbsp;days and with remaining terms at December&nbsp;31, 2010 of less than one year.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(g)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Inventories</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Stockpiles are valued at the lower of production cost and net realizable value. Production cost includes direct and indirect labour, operating materials and supplies, transportation costs, and an applicable portion of operating overhead, including depreciation and depletion. Net realizable value is the expected average selling price of the finished product less the costs to get the product into saleable form and to the selling location.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Mine stores and supplies are valued at the lower of the weighted average cost, less allowances for obsolescence, and replacement cost.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(h)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Long-term investments</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Long-term investments in companies in which Ivanhoe Mines has voting interests between 20% and 50%, or where Ivanhoe Mines has the ability to exercise significant influence, are accounted for using the equity method. Under this method, Ivanhoe Mines' share of the investees' earnings and losses is included in operations and its investments therein are adjusted by a like amount. Dividends received are credited to the investment accounts.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Long-term investments in equity securities that have readily determinable fair values and are not subject to significant influence are classified as either "available-for-sale" or "held-for-trading". Available-for-sale investments are measured at fair value with unrealized gains and losses recognized in accumulated other comprehensive income as a separate component of shareholders' equity, unless the declines in market value are judged to be other than temporary, in which case the losses are recognized in income for the period. Held-for-trading investments are measured at fair value with changes in those fair values recognized in income for the period.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br /><br />Notes to the Consolidated Financial Statements<br /><br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>2.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SIGNIFICANT ACCOUNTING POLICIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(h)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Long-term investments (Continued)</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The cost method is used to account for long-term investments in equity securities that are not accounted for using the equity method or classified as either "available-for-sale" or "held-for-trading".</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(i)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Exploration and development</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">All direct costs related to the acquisition of mineral property interests are capitalized in the period incurred.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Generally, exploration costs are charged to operations in the period incurred until such time as it has been determined that a property has economically recoverable reserves, in which case subsequent exploration costs and the costs incurred to develop a property are capitalized. Exploration costs include value-added taxes incurred in foreign jurisdictions when recoverability of those taxes is uncertain.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(j)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Property, plant and equipment</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Property, plant and equipment are carried at cost (including development and preproduction costs, capitalized interest, other financing costs and all direct administrative support costs incurred during the construction period, net of cost recoveries and incidental revenues), less accumulated depletion and depreciation including write-downs. Following the construction period, interest, other financing costs and administrative costs are expensed as incurred.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">On the commencement of commercial production, depletion of each mining property is provided on the unit-of-production basis, using estimated proven and probable reserves as the depletion basis.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Property, plant and equipment are depreciated, following the commencement of commercial production, over their expected economic lives using either the unit-of-production method or the straight-line method (over one to twenty years).</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Capital works in progress are not depreciated until the capital asset has been put into operation.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines reviews the carrying values of its property, plant and equipment whenever events or changes in circumstances indicate that their carrying values may not be recoverable. An impairment is considered to exist if total estimated future cash flows, or probability-weighted cash flows on an undiscounted basis, are less than the carrying value of the assets. An impairment loss is measured and recorded based on discounted estimated future cash flows associated with values beyond proven and probable reserves and resources. In estimating future cash flows, assets are grouped at the lowest level for which there is identifiable future cash flows that are largely independent of cash flows from other asset groups. Generally, in estimating future cash flows, all assets are grouped at a particular mine for which there is identifiable cash flows.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> </div> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br /><br />Notes to the Consolidated Financial Statements<br /><br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>2.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SIGNIFICANT ACCOUNTING POLICIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(k)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Stripping costs</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Stripping costs incurred during the production phase of a mine are variable production costs that are included in the costs of inventory produced during the period that the stripping costs are incurred.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(l)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Asset retirement obligations</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines recognizes liabilities for statutory, contractual or legal obligations associated with the retirement of property, plant and equipment, when those obligations result from the acquisition, construction, development or normal operation of the assets. Initially, a liability for an asset retirement obligation is recognized at its fair value in the period in which it is incurred. Upon initial recognition of the liability, the corresponding asset retirement cost is added to the carrying amount of that asset and the cost is amortized as an expense over the economic life of the related asset. Following the initial recognition of the asset retirement obligation, the carrying amount of the liability is increased for the passage of time and adjusted for changes to the amount or timing of the underlying cash flows needed to settle the obligation.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(m)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Stock-based compensation</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company has an Employees' and Directors' Equity Incentive Plan which is disclosed in Note 18. The fair value of stock options at the date of grant is amortized to operations, with an offsetting credit to additional paid-in capital, on a straight-line basis over the vesting period. If and when the stock options are ultimately exercised, the applicable amounts of additional paid-in capital are transferred to share capital.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(n)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Deferred income taxes</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The provision for deferred income taxes is based on the liability method. Deferred taxes arise from the recognition of the tax consequences of temporary differences by applying statutory tax rates applicable to future years to differences between the financial statement's carrying amounts and the tax bases of certain assets and liabilities. The Company records a valuation allowance against any portion of those deferred income tax assets that management believes will, more likely than not, fail to be realized.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br /><br />Notes to the Consolidated Financial Statements<br /><br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>2.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SIGNIFICANT ACCOUNTING POLICIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(o)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Loss per share</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The basic loss per share is computed by dividing the net loss attributable to common stock by the weighted average number of common shares outstanding during the year. All stock options and share purchase warrants outstanding at each period end have been excluded from the weighted average share calculation. The effect of potentially dilutive stock options, share purchase warrants and the Rio Tinto convertible credit facility was antidilutive in the years ending December&nbsp;31, 2010 and 2009.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The potentially dilutive shares excluded from the loss per share calculation due to antidilution are as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Options</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>16,712,070</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">21,158,270</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Share purchase warrants</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>47,962,941</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">128,493,450</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Convertible credit facility</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">39,067,775</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Total potentially dilutive shares</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>64,675,011</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">188,719,495</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In February&nbsp;2011, the Company completed a rights offering which was open to all shareholders on a dilution free, equal participation basis at a subscription price less than the fair value of a common share of the Company (Note 18 (d)). In accordance with the Financial Accounting Standards Board Accounting Standards Codification ("ASC") guidance for earnings per share, basic and diluted loss per share for all periods presented have been adjusted retroactively for a bonus element contained in the rights offering. Specifically, the weighted average number of common shares outstanding used to compute basic and diluted loss per share for the years ended December&nbsp;31, 2010 and 2009 have been multiplied by a factor of 1.06.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(p)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Segmented reporting</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company has three operating segments, its development division located in Mongolia, its coal division located in Mongolia, and its exploration division with projects located primarily in Australia and Mongolia.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(q)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Comparative figures</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Certain of the comparative figures have been adjusted retroactively for a bonus element contained in the rights offering (Note 2 (o)). In particular, the Company has adjusted the weighted average number of common shares outstanding and loss per share in the prior period.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br /><br />Notes to the Consolidated Financial Statements<br /><br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>2.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SIGNIFICANT ACCOUNTING POLICIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(r)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Accounting changes</i></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In January&nbsp;2010, the ASC guidance for fair value measurements and disclosures was updated to require additional disclosures related to transfers in and out of level 1 and 2 fair value measurements and enhanced detail in the level 3 reconciliation. The updated guidance clarified the level of disaggregation required for assets and liabilities and the disclosures required for inputs and valuation techniques used to measure the fair value of assets and liabilities that fall in either level 2 or level 3. The updated guidance was effective for the Company's fiscal year beginning January&nbsp;1, 2010, except for the level 3 disaggregation which is effective for the Company's fiscal year beginning January 1, 2011. The adoption of the updated guidance had no impact on the Company's consolidated financial position, results of operations or cash flows.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In June&nbsp;2009, the ASC guidance for consolidation accounting was updated to require an entity to perform a qualitative analysis to determine whether the enterprise's variable interest gives it a controlling financial interest in a VIE. This qualitative analysis identifies the primary beneficiary of a VIE as the entity that has both of the following characteristics: (i)&nbsp;the power to direct the activities of a VIE that most significantly impact the entity's economic performance and (ii)&nbsp;the obligation to absorb losses or receive benefits from the entity that could potentially be significant to the VIE. The updated guidance was effective for the Company's fiscal year beginning January&nbsp;1, 2010. The adoption of the updated guidance had no impact on the Company's consolidated financial position, results of operations or cash flows.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(s)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Recent accounting pronouncements</i></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In December&nbsp;2010, the ASC guidance for business combinations was updated to clarify existing guidance requiring a public entity to disclose pro forma revenue and earnings of the combined entity as though the business combination(s) that occurred during the current year had occurred as of the beginning of the comparable prior annual period only. The update also expands the supplemental pro forma disclosures required to include a description of the nature and amount of material, nonrecurring pro forma adjustments directly attributable to the business combination included in the reported pro forma revenue and earnings. The updated guidance is effective for the Company's fiscal year beginning January&nbsp;1, 2011. The Company does not expect the updated guidance to have a material impact on its financial position or results of operations.</div></td></tr></table></div></div> </div> 478136000 1813833000 317254000 28883000 32560000 -24222000 293485000 1485864000 20692000 -1520008000 479088000 30250000 27386000 -14578000 348468000 1886789000 952000 -1800179000 1816443000 0 11832000 33075000 1303581000 3378921000 2610000 -2913576000 <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>18.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHARE CAPITAL</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Equity Incentive Plan</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company has an Employees' and Directors' Equity Incentive Plan (the "Equity Incentive Plan"), which includes three components: (i)&nbsp;a Share Option Plan; (ii)&nbsp;a Share Bonus Plan; and (iii)&nbsp;a Share Purchase Plan.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(i)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Share Option Plan authorizes the Board of Directors of the Company to grant options to directors and employees of Ivanhoe Mines to acquire Common Shares of the Company at a price based on the weighted average trading price of the Common Shares for the five days preceding the date of the grant. Options vest over four years and have seven year contractual terms unless otherwise determined from time to time by the Board of Directors, on the recommendation of the Compensation and Benefits Committee. The Share Option Plan also provides that these options may, upon approval of the Board of Directors, be converted into stock appreciation rights.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(ii)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Share Bonus Plan permits the Board of Directors of the Company to authorize the issuance, from time to time, of Common Shares of the Company to employees of the Company and its affiliates.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(iii)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Share Purchase Plan entitles each eligible employee of Ivanhoe Mines to contribute up to seven percent of each employee's annual basic salary in semi-monthly instalments. At the end of each calendar quarter, each employee participating in the Share Purchase Plan is issued Common Shares of the Company equal to 1.5 times the aggregate amount contributed by the participant, based on the weighted average trading price of the Common Shares during the preceding three months.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>18.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHARE CAPITAL (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Equity Incentive Plan (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company is authorized to issue a maximum of 6.5% of the issued and outstanding Common Shares (December&nbsp;31, 2010 &#8212; 36,956,443) pursuant to the Equity Incentive Plan. At December&nbsp;31, 2010, an aggregate of 20,244,373 Common Shares were available for future grants of awards under the plan.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model. The Black-Scholes option-pricing model requires the input of subjective assumptions, including the expected term of the option award and stock price volatility. The expected term of options granted is derived from historical data on employee exercise and post-vesting employment termination behaviour. Expected volatility is based on the historical volatility of the Company's stock. These estimates involve inherent uncertainties and the application of management judgment. In addition, the Company is required to estimate the expected forfeiture rate and only recognize expense for those options expected to vest. As a result, if other assumptions had been used, the recorded stock-based compensation expense could have been materially different from that reported.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The weighted average grant-date fair value of stock options granted during 2010 and 2009 was Cdn$9.08 and Cdn$5.08, respectively. The fair value of these options was determined using a Black-Scholes option pricing model, recognizing forfeitures as they occur, using the following weighted average assumptions:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Risk-free interest rate</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>2.42</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">2.10</td> <td nowrap="nowrap">%</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Expected life</div></td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right"><b>3.6 years</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">3.7 years</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Expected volatility</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>77</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">74</td> <td nowrap="nowrap">%</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Expected dividends</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td nowrap="nowrap" align="right"><b>Nil</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td nowrap="nowrap" align="right">Nil</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>18.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHARE CAPITAL (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Equity Incentive Plan (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">A summary of stock option activity and information concerning outstanding and exercisable options at December&nbsp;31, 2010 is as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="58%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Options</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Weighted</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Available</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Options</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Average</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">for Grant</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Outstanding</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Exercise Price</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">(Expressed in</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Canadian dollars)</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balances, December&nbsp;31, 2008</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">439,893</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">18,810,470</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9.04</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Increase in amount authorized</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">9,500,794</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Options granted</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(9,400,500</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">9,400,500</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">9.59</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Options exercised</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(867,500</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">7.47</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Options cancelled</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,185,200</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(6,185,200</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">10.77</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Bonus shares</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(125,000</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Shares issued under share purchase plan</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(104,566</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balances, December&nbsp;31, 2009</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,495,821</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">21,158,270</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">8.84</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Increase in amount authorized</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">16,560,424</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Options granted</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,337,500</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,337,500</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">15.70</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Options exercised</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(5,639,650</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">8.63</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Options cancelled</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">144,050</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(144,050</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">8.99</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Bonus shares</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,581,578</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Shares issued under share purchase plan</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(36,844</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balances, December&nbsp;31, 2010</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">20,244,373</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">16,712,070</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9.45</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">At December&nbsp;31, 2010, the U.S. dollar equivalent of the weighted average exercise price was $9.47 (December&nbsp;31, 2009 &#8212; $8.39).</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The total intrinsic value of options exercised during the years ended December&nbsp;31, 2010 and 2009 was $71.7&nbsp;million and $4.7&nbsp;million, respectively.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, options vested and expected to vest totalled 16,712,070 (December&nbsp;31, 2009 &#8212; 21,158,270) and had an aggregate intrinsic value of $226.9 million (December&nbsp;31, 2009 &#8212; $132.1&nbsp;million).</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>18.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHARE CAPITAL (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Equity Incentive Plan (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The following table summarizes information concerning outstanding and exercisable options at December&nbsp;31, 2010:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="30%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="10" nowrap="nowrap" align="center">Options Outstanding</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Options Exercisable</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Weighted</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Weighted</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Weighted</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td nowrap="nowrap" align="left">Range of</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Average</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Average</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Average</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td nowrap="nowrap" align="left">Exercise</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Number</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Remaining</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Exercise Price</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Number</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Exercise Price</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="left">Prices</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Outstanding</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Life (in years)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Per Share</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Exercisable</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Per Share</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td nowrap="nowrap" align="left">(Expressed in</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">(Expressed in</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">(Expressed in</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td nowrap="nowrap" align="left">Canadian</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Canadian</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Canadian</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td nowrap="nowrap" align="left">dollars)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">dollars)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">dollars)</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">$2.82 to $7.03</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,575,345</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4.82</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">3.29</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">631,810</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">3.12</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">$7.04 to $8.20</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,502,625</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4.79</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">8.10</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,347,500</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">8.01</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">$8.21 to $8.96</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,214,100</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3.48</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">8.46</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">470,350</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">8.41</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">$8.97 to $12.62</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,789,300</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2.36</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">10.02</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,298,100</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">9.92</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">$12.63 to $26.04</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,630,700</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">5.44</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">14.33</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">730,700</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">13.72</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">16,712,070</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4.40</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9.45</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,478,460</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">8.88</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010 there was $37.1&nbsp;million of total unrecognized compensation cost related to unvested stock options. This cost is expected to be recognized over a weighted-average period of approximately 1.3&nbsp;years.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010 the aggregate intrinsic value for fully vested stock options was $91.6&nbsp;million (December&nbsp;31, 2009 &#8212; $48.1&nbsp;million).</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Upon the closing of the rights offering (Note 18 (d)), the outstanding stock options were adjusted. Specifically, the number of stock options outstanding was increased to 19,206,493.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Stock-based compensation charged to operations was allocated between exploration expenses and general and administrative expenses as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Year ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Exploration (i)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>33,019</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">21,937</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">General and administrative</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>31,936</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">13,898</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>64,955</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">35,835</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="8%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="88%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(i)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2010, stock-based compensation of $17.1&nbsp;million (2009 &#8212; $nil) relating to the development of the Oyu Tolgoi Project was capitalized as property, plant and equipment.</div></td></tr></table> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>18.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHARE CAPITAL (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Equity Incentive Plan (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Stock-based compensation charged to operations was incurred by Ivanhoe Mines as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Year ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Ivanhoe Mines Ltd. (i)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>42,855</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">21,507</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">SouthGobi Resources Ltd.</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>12,062</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">7,019</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Ivanhoe Australia Ltd.</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>10,038</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">7,309</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>64,955</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">35,835</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="8%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="88%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(i)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2010, stock-based compensation of $17.1&nbsp;million (2009 &#8212; $nil) relating to the development of the Oyu Tolgoi Project was capitalized as property, plant and equipment.</div></td></tr></table> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(b)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Rio Tinto Placements</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In 2006, the Company and Rio Tinto formed a strategic partnership and entered into a private placement agreement whereby Rio Tinto would invest in Ivanhoe Mines. In October&nbsp;2006, Rio Tinto completed the first private placement tranche by purchasing approximately 37.1&nbsp;million shares at a price of $8.18 per share for total proceeds of $303.4&nbsp;million. The second private placement tranche was completed in October&nbsp;2009, whereby Rio Tinto purchased 46.3&nbsp;million shares at a price of $8.38 per share for total proceeds of $388.0&nbsp;million. As a result of completing the second tranche, the $5.2 million carrying amount of the share issuance commitment was reclassified to share capital.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In addition to the first and second private placement tranches, Rio Tinto was granted 92.1&nbsp;million warrants in 2006, divided into two series (Series&nbsp;A and Series&nbsp;B). In June&nbsp;2010, Rio Tinto exercised its entire allotment of Series&nbsp;A Warrants. Pursuant to the exercise of the Series&nbsp;A Warrants, the Company issued 46.0&nbsp;million shares to Rio Tinto at $8.54 per share for total proceeds of $393.1&nbsp;million. As a result, the $8.9 million carrying value of the Series&nbsp;A Warrants was reclassified from share purchase warrants to share capital.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In December&nbsp;2010, Rio Tinto exercised 33.8&nbsp;million Series&nbsp;B Warrants. Pursuant to the partial exercise of the Series&nbsp;B Warrants, the Company issued 33.8&nbsp;million shares to Rio Tinto at $8.88 per share for total proceeds of $300.0&nbsp;million. As a result, $6.6 million of the carrying value of the Series&nbsp;B Warrants was reclassified from share purchase warrants to share capital.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>18.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHARE CAPITAL (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(b)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Rio Tinto Placements (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, 12.2&nbsp;million Series&nbsp;B Warrants were outstanding. Each warrant is non-transferable and entitles Rio Tinto to purchase one common share of the Company at a price of:</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(i)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">$8.88 during the period commencing 366&nbsp;days after the warrant determination date and ending 545&nbsp;days after the warrant determination date; and</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(ii)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">$9.02 during the period commencing 546&nbsp;days after the warrant determination date and ending 725&nbsp;days after the warrant determination date.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The warrant determination date is the earlier of the date an approved Investment Agreement is reached or October&nbsp;27, 2009.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Upon the closing of the rights offering (Note 18 (d)), the outstanding Series&nbsp;B Warrants were adjusted. Specifically, the number of Series&nbsp;B Warrants outstanding was increased to 14.1&nbsp;million, the minimum exercise price was reduced from $8.88 to $8.37 and the maximum exercise price was reduced from $9.02 to $8.51.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">During 2008, Rio Tinto received 243,772 shares and 1.4&nbsp;million additional share purchase warrants (the "Anti-Dilution Warrants"), divided into two series. In October 2010, Rio Tinto exercised 720,203 of its Anti-Dilution Warrants. Pursuant to the exercise of the Anti-Dilution Warrants, the Company issued 720,203 shares to Rio Tinto at Cdn$3.15 per share for total proceeds of $2.2&nbsp;million (Cdn$2.3&nbsp;million).</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, 720,203 Anti-Dilution Warrants were outstanding. The life of the remaining Anti-Dilution Warrants is identical to the Series&nbsp;B Warrants. Each Anti-Dilution Warrant entitles Rio Tinto to purchase one Common Share of the Company at a price of Cdn$3.15. Upon the closing of the rights offering (Note 18 (d)), the outstanding Anti-Dilution Warrants were adjusted. Specifically, the number of Anti-Dilution Warrants outstanding was increased to 827,706 and the exercise price reduced to Cdn$2.97.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Rio Tinto, as part of the Heads of Agreement between Ivanhoe Mines and Rio Tinto dated December&nbsp;8, 2010, committed to complete the exercise of its remaining Series&nbsp;B Warrants and Anti-Dilution Warrants by their scheduled October&nbsp;2011 expiry.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In March&nbsp;2010, the Company issued 15.0&nbsp;million shares to Rio Tinto at Cdn$16.31 per share for total proceeds of $241.1&nbsp;million (Cdn$244.7&nbsp;million) (Note 21 (b)).</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In September&nbsp;2010, the Company issued 40.1&nbsp;million shares to Rio Tinto upon the conversion of Rio Tinto's maturing convertible credit facility (Note 15 (a)&nbsp;and 21 (b)).</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, Rio Tinto's equity ownership in the Company was 40.3% (December&nbsp;31, 2009 &#8212; 19.7%).</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>18.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHARE CAPITAL (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(c)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Rio Tinto Financing</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As part of the credit facility transaction disclosed in Note 15 (a), Rio Tinto received Series&nbsp;C Warrants exercisable to purchase up to 35.0&nbsp;million common shares of Ivanhoe Mines at a price of $10.00 per share at any time on or before October&nbsp;24, 2012. As at December&nbsp;31, 2010, 35.0&nbsp;million Series&nbsp;C Warrants were exercisable.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Rio Tinto, as part of the Heads of Agreement between Ivanhoe Mines and Rio Tinto dated December&nbsp;8, 2010, committed to complete the exercise of its entire allotment of Series C Warrants, progressively as required, by January&nbsp;18, 2012.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Upon the closing of the rights offering (Note 18 (d)), the outstanding Series&nbsp;C Warrants were adjusted. Specifically, the number of Series&nbsp;C Warrants outstanding was increased to 40.2&nbsp;million and the exercise price reduced to $9.43.<br /></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(d)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Rights Offering</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In December&nbsp;2010, the Company filed a final short form prospectus for a rights offering open to all shareholders on a dilution-free, equal participation basis. In accordance with the terms of the rights offering, each shareholder of record as at December&nbsp;31, 2010 received one right for each common share held. Every 100 rights held entitled the holder thereof to purchase 15 common shares of the Company at $13.88 per share or Cdn$13.93 per share, at the election of the holder. The rights traded on the TSX, NYSE and NASDAQ and expired on January&nbsp;26, 2011.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Upon the closing of the rights offering, the Company issued a total of 84,867,671 common shares for gross proceeds of $1.18&nbsp;billion. Expenses and fees relating to the rights offering totalled approximately $27.1&nbsp;million.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Under the terms of the rights offering, the monetary amount to be received by the Company upon the exercise of rights was not fixed. Each holder of rights could elect either the $13.88 or Cdn$13.93 subscription price. Furthermore, the Cdn$13.93 subscription price is not denominated in the Company's U.S. dollar functional currency. Therefore, the pro rata distribution of rights to the Company's shareholders was accounted for as a derivative financial liability measured at fair value.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">On December&nbsp;23, 2010, rights to be issued under the rights offering began trading on a "when issued" basis. On this date, the Company recognized a derivative financial liability of $901.9&nbsp;million associated with the Company's legal obligation to carry out the rights offering. Deficit was adjusted by a corresponding amount. Each reporting period the derivative financial liability is remeasured at fair value with changes being recognized in earnings. During 2010, Ivanhoe Mines recognized a derivative gain of $135.7&nbsp;million.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>18.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHARE CAPITAL (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(d)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Rights Offering (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The derivative financial liability is settled as rights are exercised or expire unexercised. The fair value of rights exercised shall be reclassified from the derivative financial liability to share capital at the time of exercise. The fair value of rights that expire unexercised shall be reclassified from the derivative financial liability to additional paid-in capital at the time of expiry.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The fair value of the derivative financial liability was determined by reference to published market quotations for the rights.</div></td></tr></table></div></div> </div> 40083206 104566 36844 46304473 15000000 867500 5619080 400832000 -36314000 437146000 469000 469000 565000 565000 384999000 -5174000 390173000 240749000 240749000 6101000 -2560000 8661000 47172000 -20259000 67431000 135680000 EX-101.SCH 3 ivn-20101231.xsd EX-101 SCHEMA DOCUMENT 00100 - 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<table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>12.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>OTHER ASSETS</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Environmental bond</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>22,555</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">3,427</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Deferred rights offering fees</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>4,404</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Deferred SouthGobi Hong Kong listing fees</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,565</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Transaction costs (Note 15 (b))</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,800</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">5,601</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Advances</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,253</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,187</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Restricted cash</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>965</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">852</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,906</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">595</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>33,883</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">16,227</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div></div> </div>12. &nbsp; OTHER ASSETS &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; DecemberfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis block of 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availablefalsefalse3false0us-gaap_RelatedPartyTransactionsDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>22.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>RELATED PARTY TRANSACTIONS</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The following tables summarize transactions with related parties which were primarily incurred on a cost-recovery basis with a company affiliated with Ivanhoe Mines, companies related by way of directors or shareholders in common or a legal firm which an officer of a subsidiary of the Company is a partner of. The tables summarize related party transactions by related party and by type:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Years Ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Rio Tinto plc (a)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>23,836</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">8,588</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Global Mining Management Corporation (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>13,627</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">8,982</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Ivanhoe Capital Aviation LLC (c)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>6,465</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">5,940</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Fognani &amp; Faught, PLLC (d)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>476</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">60</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Ivanhoe Capital Corporation (e)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>434</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">211</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Ivanhoe Capital Services Ltd. (f)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>752</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">618</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>45,590</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">24,399</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Years Ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Exploration and development</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>23,836</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">8,588</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Salaries and benefits</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>11,437</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">7,379</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Travel (including aircraft rental)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>6,465</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">5,940</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Office and administrative</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3,376</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,432</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Legal</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>476</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">60</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>45,590</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">24,399</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The above noted transactions were in the normal course of operations and were measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Accounts receivable and accounts payable at December&nbsp;31, 2010, included $2.1&nbsp;million and $8.7 million, respectively (December&nbsp;31, 2009 &#8212; $0.7&nbsp;million and $4.8&nbsp;million, respectively), which were due from/to a company affiliated with Ivanhoe Mines, companies related by way of directors or shareholders in common, or a legal firm which an officer of a subsidiary of the Company is a partner of.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(a)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In 2010 and 2009, Rio Tinto completed certain equity transactions with the Company (Note 18 (b)), which increased Rio Tinto's equity ownership in the Company to 40.3% (December&nbsp;31, 2009 &#8212; 19.7%). Rio Tinto provides services for the Oyu Tolgoi Project on a cost-recovery basis. At December&nbsp;31, 2010, $14.0&nbsp;million (December&nbsp;31, 2009 &#8212; $nil) in payables to Rio Tinto have been classified as non-current. Payment of these amounts have been deferred until Ivanhoe Mines reaches certain production milestones at the Oyu Tolgoi Project.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> </div> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>22.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>RELATED PARTY TRANSACTIONS (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(b)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Global Mining Management Corporation ("Global") is a private company based in Vancouver owned equally by seven companies, one of which is Ivanhoe Mines. Global has a director in common with the Company. Global provides administration, accounting, and other office services to the Company on a cost-recovery basis.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(c)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Capital Aviation LLC ("Aviation") is a private company 100% owned by the Company's Chairman and Chief Executive Officer. Aviation operates an aircraft which is rented by the Company on a cost-recovery basis.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(d)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">An officer of a subsidiary of the Company is a partner with Fognani &amp; Faught, PLLC, a legal firm which provides legal services to Ivanhoe Mines.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(e)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Capital Corporation ("ICC") is a private company 100% owned by the Company's Chairman and Chief Executive Officer. ICC provides administration and other office services in London on a cost-recovery basis.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(f)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Capital Services Ltd. ("ICS") is a private company 100% owned by the Company's Chairman and Chief Executive Officer. ICS provides management services out of Singapore and London on a cost-recovery basis.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanplats is a private company 38% owned by the Company's Chairman and Chief Executive Officer. During 2010, Ivanhoe Mines purchased common shares of Ivanplats (Note 9 (e)(i)). In January&nbsp;2011, Ivanhoe Mines sold 1.4&nbsp;million common shares of Ivanplats for proceeds of $14.0 million.</div></td></tr></table></div></div> </div>22. &nbsp; RELATED PARTY TRANSACTIONS &nbsp; &nbsp; The following tables summarize transactions with related parties which were primarily incurred on afalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element may be used for the entire related party transactions disclosure as a single block of text. Disclosure may include: the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph b -Article 3A Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 57 -Paragraph 1-4 falsefalse12Related Party TransactionsUnKnownUnKnownUnKnownUnKnownfalsetrue XML 10 R11.xml IDEA: Discontinued Operations 2.2.0.25falsefalse10401 - Disclosure - Discontinued Operationstruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>4.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>DISCONTINUED OPERATIONS</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Years Ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Savage River (a)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>6,585</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">26,816</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Indonesia Coal Division (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(30,461</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>6,585</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(3,645</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(a)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">In February&nbsp;2005, Ivanhoe Mines sold the Savage River Iron Ore Project in Tasmania, Australia for two initial payments totalling $21.5&nbsp;million, plus a series of five contingent, annual payments that commenced on March&nbsp;31, 2006. The annual payments are based on annual iron ore pellet tonnes sold and an escalating price formula based on the prevailing annual Nibrasco/JSM pellet price.</div></td></tr></table> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>4.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>DISCONTINUED OPERATIONS (Continued)</b></div></td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(a)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">(Continued)</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">In 2010, Ivanhoe Mines received two payments totalling $6.4&nbsp;million in relation to the fifth annual contingent payment. The original purchaser of the Savage River Project has disputed the estimated $22.1&nbsp;million remaining balance of the fifth annual contingent payment. Ivanhoe Mines is committed to collecting this amount in full and has included the $22.1&nbsp;million in accounts receivable as at December&nbsp;31, 2010 (Note 7). In 2010, Ivanhoe Mines initiated arbitration proceedings by filing a Request for Arbitration with the ICC International Court of Arbitration (ICC). In January&nbsp;2011, the ICC determined that the location of arbitration is Sydney, Australia and that the matter will be submitted to a sole arbitrator. The provisional timetable is yet to be finalized between the parties and the sole arbitrator.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">To date, Ivanhoe Mines has received $144.4&nbsp;million in proceeds from the sale.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(b)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During December&nbsp;2009, Ivanhoe Mines sold the Indonesia Coal Division, which was composed entirely of the Mamahak Coal Project ("Mamahak"). Ivanhoe Mines divested its 85.0% interest in Mamahak to Kangaroo Resources Limited ("Kangaroo") for consideration comprising of $1.0&nbsp;million cash and 50.0&nbsp;million shares of Kangaroo possessing a fair value of $8.8&nbsp;million. Ivanhoe Mines incurred transaction costs of $1.0&nbsp;million related to the disposition of Mamahak.</div></td></tr></table></div> </div>4. &nbsp; DISCONTINUED OPERATIONS &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Years Ended DecemberfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDisclosure includes the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain or loss recognized in the income statement and the income statement caption that includes that gain or loss, amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43-48 falsefalse12Discontinued OperationsUnKnownUnKnownUnKnownUnKnownfalsetrue XML 11 R10.xml IDEA: Exploration Expenses 2.2.0.25falsefalse10301 - Disclosure - Exploration Expensestruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0ivn_ExplorationExpensesAbstractivnfalsenadurationNo definition availablefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition availablefalsefalse3false0ivn_ExplorationExpensesTextBlockivnfalsenadurationSummary of exploration expenditures by location during the reporting period.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>3.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>EXPLORATION EXPENSES</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Generally, exploration costs are charged to operations in the period incurred until it has been determined that a property has economically recoverable reserves, at which time subsequent exploration costs and the costs incurred to develop a property are capitalized.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Summary of exploration expenditures by location:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="6" nowrap="nowrap" align="center">Years Ended</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Mongolia</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Oyu Tolgoi <sup style="font-size: 85%; vertical-align: text-top;">(1)</sup></div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>83,358</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">107,381</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Coal Division</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>49,175</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">21,499</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other Mongolia Exploration</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,007</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,004</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>134,540</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">130,884</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Australia</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>73,844</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">41,465</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Indonesia</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>4,594</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,145</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>5,648</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,568</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>218,626</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">177,062</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top;">(1)</sup></td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Until March&nbsp;31, 2010, exploration costs charged to operations included development costs associated with the Oyu Tolgoi Project in Mongolia. On April&nbsp;1, 2010, Ivanhoe Mines commenced capitalizing Oyu Tolgoi Project development costs. As of this date, reserve estimates for the Oyu Tolgoi Project had been announced and the procedural and administrative conditions contained in the Investment Agreement were satisfied. During the year ended December&nbsp;31, 2010, additions to property, plant and equipment for the Oyu Tolgoi Project totalled $911.0&nbsp;million, which included development costs.</div></td></tr></table></div> </div>3. &nbsp; EXPLORATION EXPENSES &nbsp; &nbsp; Generally, exploration costs are charged to operations in the period incurred until it has been determinedfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringSummary of exploration expenditures by location during the reporting period.No authoritative reference available.falsefalse12Exploration ExpensesUnKnownUnKnownUnKnownUnKnownfalsetrue XML 12 R30.xml IDEA: Segment Disclosures 2.2.0.25falsefalse12301 - Disclosure - Segment Disclosurestruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0ivn_SegmentDisclosuresAbstractivnfalsenadurationNo definition availablefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition availablefalsefalse3false0us-gaap_SegmentReportingDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <b><font style="font-size: 11pt;" lang="EN-CA" class="_mt"> </font></b> <div> <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>23.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SEGMENT DISCLOSURES</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="40%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="18" nowrap="nowrap" align="center">Year Ended December 31, 2010</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Development</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Exploration</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Coal</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Corporate</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Consolidated</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">REVENUE</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">79,777</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>79,777</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">COST OF SALES</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Production and delivery</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(66,738</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(66,738</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Depreciation and depletion</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(13,306</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(13,306</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying value of inventory</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(14,729</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(14,729</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">COST OF SALES</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(94,773</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(94,773</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">EXPENSES</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Exploration</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(83,358</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(86,093</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(49,175</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(218,626</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">General and administrative</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(84,427</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(84,427</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Depreciation</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(645</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,226</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(79</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(146</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(2,096</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accretion of asset retirement obligations</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(89</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(110</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(199</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Gain on sale of other mineral property rights</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying values of property, plant and equipment</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(2,338</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(2,338</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">TOTAL EXPENSES</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(84,092</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(87,319</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(146,475</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(84,573</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(402,459</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">OPERATING LOSS</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(84,092</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(87,319</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(66,698</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(84,573</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(322,682</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">OTHER INCOME (EXPENSES)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Interest income</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,731</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,928</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,441</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,467</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>16,567</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Interest expense</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(24,125</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(8,702</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(32,827</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accretion of convertible credit facilities</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(59</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(11,650</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(11,709</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Foreign exchange gains</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">995</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">606</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,611</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">5,488</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>8,700</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized gains on long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">360</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>360</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized gains on other long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">510</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,998</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>4,508</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Realized gain on redemption of other long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">151</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>151</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Change in fair value of derivative</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">135,680</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>135,680</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Change in fair value of embedded derivatives</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">100,637</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>100,637</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Loss on conversion of convertible credit facility</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(154,316</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(154,316</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Transaction costs on issuance of convertible debenture</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying value of long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(485</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(485</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Gain on sale of long-term investment</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">SouthGobi Hong Kong listing fees</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">LOSS BEFORE INCOME TAXES AND OTHER ITEMS</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(79,366</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(82,785</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(139,639</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">46,374</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(255,416</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Recovery (provision)&nbsp;for income taxes</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">89</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,157</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">11,919</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,267</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>13,118</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Share of loss of significantly influenced investees</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(846</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(41,872</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(42,718</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">NET LOSS FROM CONTINUING OPERATIONS</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(79,277</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(84,788</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(127,720</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,769</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(285,016</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">INCOME FROM DISCONTINUED OPERATIONS</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,585</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>6,585</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">NET LOSS</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(79,277</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(84,788</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(127,720</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">13,354</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(278,431</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">16,703</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">17,056</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">33,193</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>66,952</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">NET LOSS ATTRIBUTABLE TO IVANHOE MINES LTD.</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(62,574</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(67,732</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(94,527</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">13,354</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(211,479</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">CAPITAL EXPENDITURES</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">479,575</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">19,965</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">175,566</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">92</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>675,198</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">TOTAL ASSETS</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">1,404,329</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">318,611</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">960,204</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">535,330</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>3,218,474</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt; font-size: 10pt;" align="justify">During the year ended December&nbsp;31, 2010, all of the coal division's revenue arose from coal sales in Mongolia. Revenues from the two largest customers were $45.5&nbsp;million and $31.9&nbsp;million, respectively. </div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>23.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SEGMENT DISCLOSURES (Continued)</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="40%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="18" nowrap="nowrap" align="center">Year Ended December 31, 2009</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Development</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Exploration</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Coal</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Corporate</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Consolidated</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">REVENUE</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">36,038</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>36,038</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">COST OF SALES</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Production and delivery</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(23,611</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(23,611</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Depreciation and depletion</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(5,814</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(5,814</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying value of inventory</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">COST OF SALES</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(29,425</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(29,425</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">EXPENSES</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Exploration</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(107,381</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(48,182</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(21,499</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(177,062</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">General and administrative</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(45,750</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(45,750</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Depreciation</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(2,865</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,321</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(20</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(120</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(4,326</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accretion of asset retirement obligations</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(88</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(53</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(141</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Gain on sale of other mineral property rights</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,000</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3,000</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying values of property, plant and equipment</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(266</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(977</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(1,243</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">TOTAL EXPENSES</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(110,334</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(46,769</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(50,997</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(46,847</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(254,947</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">OPERATING LOSS</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(110,334</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(46,769</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(14,959</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(46,847</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(218,909</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">OTHER INCOME (EXPENSES)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Interest income</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">622</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,199</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">77</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,689</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3,587</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Interest expense</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(4,721</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(16,880</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(21,601</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accretion of convertible credit facilities</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(10</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(14,335</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(14,345</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Foreign exchange gains</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(233</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(55</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,070</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">35,428</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>34,070</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized gains on long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,099</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,099</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized gains on other long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(255</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">693</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>438</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Realized gain on redemption of other long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,458</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,458</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Change in fair value of derivative</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Change in fair value of embedded derivatives</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(44,980</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(44,980</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Loss on conversion of convertible credit facility</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Transaction costs on issuance of convertible debenture</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(9,399</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(9,399</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying value of long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Gain on sale of long-term investment</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,424</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,424</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">SouthGobi Hong Kong listing fees</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(2,470</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(2,470</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">LOSS BEFORE INCOME TAXES AND OTHER ITEMS</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(109,945</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(45,625</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(76,688</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(37,370</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(269,628</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Recovery (provision)&nbsp;for income taxes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(27</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,254</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,337</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">5,901</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>13,465</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Share of loss of significantly influenced investees</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,191</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(44,707</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(45,898</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">NET LOSS FROM CONTINUING OPERATIONS</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(109,972</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(45,562</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(70,351</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(76,176</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(302,061</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">INCOME FROM DISCONTINUED OPERATIONS</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(30,461</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">26,816</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(3,645</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">NET LOSS</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(109,972</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(45,562</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(100,812</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(49,360</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(305,706</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,019</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">19,516</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>25,535</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">NET LOSS ATTRIBUTABLE TO IVANHOE MINES LTD.</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(109,972</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(39,543</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(81,296</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(49,360</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(280,171</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">CAPITAL EXPENDITURES</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">1,315</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">1,446</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">36,175</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">39</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>38,975</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">TOTAL ASSETS</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">160,613</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">110,899</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">576,568</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">686,601</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>1,534,681</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt; font-size: 10pt;" align="justify">During the year ended December&nbsp;31, 2009, all of the coal division's revenue arose from coal sales in Mongolia to two customers. Total revenues by customer were $23.0&nbsp;million and $13.0 million. </div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>23.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SEGMENT DISCLOSURES (Continued)</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Property, plant and equipment at the end of the year:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Mongolia</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>1,259,764</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">189,837</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Australia</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>71,010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">28,444</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Canada</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>935</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">168</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>939</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">332</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>1,332,648</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">218,781</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> </div></div></div></div> </div>23. &nbsp; SEGMENTfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element may be used to capture the complete disclosure of reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10% or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 falsefalse12Segment DisclosuresUnKnownUnKnownUnKnownUnKnownfalsetrue XML 13 R8.xml IDEA: Nature of Operations 2.2.0.25falsefalse10101 - Disclosure - Nature of Operationstruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0ivn_NatureOfOperationsAbstractivnfalsenadurationNo definition availablefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition availablefalsefalse3false0us-gaap_NatureOfOperationsus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>1.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>NATURE OF OPERATIONS</b></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines Ltd. (the "Company"), together with its subsidiaries (collectively referred to as "Ivanhoe Mines"), is an international mineral exploration, development and production company holding interests in and conducting operations on mineral resource properties principally located in Central Asia and Australia.</div></td></tr></table></div></div> </div>1. &nbsp; NATURE OF OPERATIONS &nbsp; &nbsp; &nbsp; Ivanhoe Mines Ltd. (the "Company"), together with its subsidiaries (collectively referred to asfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescribes the nature of an entity's business, the major products or services it sells or provides and its principal markets, including the locations of those markets. If the entity operates in more than one business, the disclosure also indicates the relative importance of its operations in each business and the basis for the determination (for example, assets, revenues, or earnings). Disclosures about the nature of operations need not be quantified; relative importance could be conveyed by use of terms such as "predominately", "about equally", or "major and other". This element is also referred to as "Business Description".Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 94-6 -Paragraph 10 falsefalse12Nature of OperationsUnKnownUnKnownUnKnownUnKnownfalsetrue XML 14 R22.xml IDEA: Convertible Credit Facilities 2.2.0.25falsefalse11501 - Disclosure - Convertible Credit Facilitiestruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0ivn_ConvertibleCreditFacilitiesAbstractivnfalsenadurationNo definition availablefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition availablefalsefalse3false0ivn_ConvertibleCreditFacilitiesTextblockivnfalsenadurationThe entire disclosure of convertible credit facilities.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>15.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>CONVERTIBLE CREDIT FACILITIES</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Rio Tinto</i></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center"><b>December 31,</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Principal amount of convertible credit facility</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>350,000</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">350,000</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accrued paid-in-kind interest</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>50,832</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">40,678</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>400,832</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">390,678</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">(Deduct) add:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Beneficial conversion feature</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(36,314</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(30,250</td> <td nowrap="nowrap">)</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Share purchase warrants</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(9,403</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(9,403</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accretion of discount</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>45,717</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">27,891</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>400,832</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">378,916</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Credited to share capital upon conversion</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(400,832</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">378,916</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In September&nbsp;2007, Rio Tinto provided the Company with a $350.0&nbsp;million convertible credit facility to finance ongoing mine development activities at the Oyu Tolgoi Project. In 2007, the Company made an initial draw against the credit facility of $150.0&nbsp;million and further draws totalling $200.0&nbsp;million were made in 2008.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>15.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>CONVERTIBLE CREDIT FACILITIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Rio Tinto (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Amounts advanced under the credit facility bore interest at a rate per annum equal to the three-month London Inter-Bank Offered Rate plus 3.3%, and matured on September&nbsp;12, 2010. In September&nbsp;2010, the Company issued 40.1&nbsp;million common shares to Rio Tinto upon the automatic conversion of the maturing convertible credit facility. The $350.0 million outstanding principal and $50.8&nbsp;million accrued interest were converted at a price of $10.00 per common share.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">On the date of conversion, the $437.1&nbsp;million aggregate carrying amount of the convertible credit facility liability ($400.8&nbsp;million) and associated beneficial conversion feature ($36.3&nbsp;million) was credited to share capital to reflect the common shares issued.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As part of the credit facility transaction, Rio Tinto also received share purchase warrants exercisable to purchase up to 35.0&nbsp;million common shares of the Company at a price of $10.00 per share for a period of five years (Note 18 (c)).</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">During 2010, Ivanhoe Mines capitalized $2.7&nbsp;million of interest expense and $6.2 million of accretion expense incurred on the convertible credit facility.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(b)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>China Investment Corporation</i></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center"><b>December 31,</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Principal amount of convertible debenture</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>500,000</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">500,000</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">(Deduct) add:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Bifurcation of embedded derivative liability</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(313,292</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(313,292</td> <td nowrap="nowrap">)</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accretion of discount</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>69</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">10</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Reduction of carrying amount upon partial conversion</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(93,370</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Carrying amount of debt host contract</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>93,407</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">186,718</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Embedded derivative liability</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>154,877</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">358,272</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Convertible credit facility</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>248,284</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">544,990</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accrued interest</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>6,312</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,712</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Transaction costs allocated to deferred charges</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(2,800</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(5,601</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Net carrying amount of convertible debenture</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>251,796</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">544,101</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>15.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>CONVERTIBLE CREDIT FACILITIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(b)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>China Investment Corporation (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">On November&nbsp;19, 2009, SouthGobi issued a convertible debenture to a wholly owned subsidiary of China Investment Corporation ("CIC") for $500.0&nbsp;million. The convertible debenture is secured, bears interest at 8.0% and has a term of 30&nbsp;years. The financing primarily will support an accelerated investment program in Mongolia and up to $120.0 million of the financing may also be used for working capital, repayment of debt due on funding, general and administrative expense and other general corporate purposes.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Key financial terms of the convertible debenture include:</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Interest &#8212; 6.4% payable semi-annually in cash and 1.6% payable annually in shares of SouthGobi. The number of SouthGobi shares issued upon the settlement of interest is calculated using the 50-day volume-weighted average price ("VWAP").</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Term &#8212; 30&nbsp;years.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Security &#8212; First charge over SouthGobi's assets, including shares of its material subsidiaries.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Conversion price &#8212; Lower of Cdn$11.88 or the 50-day VWAP at the date of conversion, subject to a floor price of Cdn$8.88 per share.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Investor's conversion option &#8212; CIC has the right to convert the debenture, in whole or in part, into common shares of SouthGobi from November&nbsp;19, 2010 onwards.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Issuer's conversion option &#8212; SouthGobi has the right to convert up to $250.0 million of the debenture on the earlier of November&nbsp;19, 2011 or upon achieving a public float of 25.0% of its common shares under certain agreed circumstances if the conversion price is at least Cdn$10.66. After November&nbsp;19, 2014, SouthGobi is entitled to convert the debenture, in whole or in part, into its common shares at the conversion price if the conversion price is at least Cdn$10.66.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The convertible debenture is a hybrid instrument containing a debt host contract and three embedded derivatives: the investor's conversion option, issuer's conversion option and share-based interest payment provision. These embedded derivatives were bifurcated from the debt host contract, measured at fair value and bundled together as a single compound embedded derivative liability. Each reporting period the embedded derivative liability is remeasured at fair value with changes in fair value being recognized in earnings.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The initial $186.7&nbsp;million carrying amount of the debt host contract is the residual principal amount after bifurcating the $313.3&nbsp;million fair value of the embedded derivative liability. A debt discount arises due to the difference between the initial carrying amount of the debt host contract and the amount payable at maturity.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Transaction costs of $15.0&nbsp;million were allocated between the embedded derivative liability and debt host contract in proportion to the allocation of the total proceeds between the two components. The $9.4&nbsp;million allocated to the embedded derivative liability was expensed immediately. Whereas, the $5.6&nbsp;million allocated to the debt host contract is reported in the balance sheet as a deferred charge.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>15.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>CONVERTIBLE CREDIT FACILITIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(b)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>China Investment Corporation (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Both the debt discount and deferred charge are amortized as accretion expense over the 30&nbsp;year contractual life of the convertible debenture using the interest method.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Pursuant to the convertible debentures' terms, SouthGobi had the right to call for the conversion of up to $250.0&nbsp;million of the convertible debenture upon SouthGobi achieving a public float of 25.0% of its common shares under certain agreed circumstances. On March&nbsp;29, 2010, SouthGobi exercised this right and completed the conversion of $250.0&nbsp;million of the convertible debenture into 21.5&nbsp;million shares at a conversion price of $11.64 (Cdn$11.88). Also on March&nbsp;29, 2010, SouthGobi settled the $1.4&nbsp;million accrued interest payable in shares on the $250.0&nbsp;million converted by issuing 0.1&nbsp;million shares at the 50-day VWAP conversion price of $15.97 (Cdn$16.29). On April&nbsp;1, 2010, SouthGobi settled the outstanding accrued interest payable in cash on the $250.0&nbsp;million converted with a cash payment of $5.7&nbsp;million.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As at March&nbsp;29, 2010, the fair value of the embedded derivative liability associated with the $250.0&nbsp;million converted was $102.8&nbsp;million, a decrease of $9.4 million compared to its fair value at December&nbsp;31, 2009. The $347.6&nbsp;million fair value of the SouthGobi shares issued upon conversion exceeded the $193.3&nbsp;million aggregate carrying value of the debt host contract, embedded derivative liability and deferred charges. The difference of $154.3&nbsp;million was recorded as a loss on conversion of the convertible debenture.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The embedded derivative liability was valued using a Monte Carlo simulation valuation model. A Monte Carlo simulation model is a valuation model that relies on random sampling and is often used when modeling systems with a large number of inputs and where there is significant uncertainty in the future value of inputs and where the movement in the inputs can be independent of each other. Some of the key inputs used by the Monte Carlo simulation include: floor and ceiling conversion prices, risk-free rate of return, expected volatility of SouthGobi's share price, forward Cdn$ exchange rate curves and spot Cdn$ exchange rates.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, the fair value of the embedded derivative liability was determined to be $154.9&nbsp;million (December&nbsp;31, 2009 &#8212; $358.3&nbsp;million).</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>15.</b> </td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>CONVERTIBLE CREDIT FACILITIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(b)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>China Investment Corporation (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Assumptions used in the Monte Carlo valuation model are as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>December 31,</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Floor conversion price</div></td> <td>&nbsp;</td> <td colspan="2" align="right"><b>Cdn$8.88</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" align="right">Cdn$8.88</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Ceiling conversion price</div></td> <td>&nbsp;</td> <td colspan="2" align="right"><b>Cdn$11.88</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" align="right">Cdn$11.88</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Expected volatility</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>73</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">75</td> <td nowrap="nowrap">%</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Risk-free rate of return</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>3.48</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">4.09</td> <td nowrap="nowrap">%</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Spot Cdn$ exchange rate</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1.01</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">0.96</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Forward Cdn$ exchange rate curve</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="right"><b>0.97 - 1.14</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="right">0.90 - 0.95</td> <td>&nbsp;</td></tr></table></div></div> </div>15. &nbsp; CONVERTIBLE CREDIT FACILITIES &nbsp; (a) &nbsp; RiofalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThe entire disclosure of convertible credit facilities.No authoritative reference available.falsefalse12Convertible Credit FacilitiesUnKnownUnKnownUnKnownUnKnownfalsetrue XML 15 R31.xml IDEA: Commitments and Contingencies 2.2.0.25falsefalse12401 - Disclosure - Commitments and Contingenciestruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0ivn_CommitmentsAndContingenciesAbstractivnfalsenadurationNo definition availablefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition availablefalsefalse3false0us-gaap_CommitmentsAndContingenciesDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>24.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>COMMITMENTS AND CONTINGENCIES</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines has, in the normal course of its business, entered into various long-term contracts, which include commitments for future operating payments under contracts for drilling, engineering, equipment rentals and other arrangements as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="86%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">2011</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">864,848</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">2012</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">210,740</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">2013</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,029</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">2014</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,289</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">2015 onwards</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">620</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">1,081,526</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Due to the size, complexity and nature of the Company's operations, various legal and tax matters arise in the ordinary course of business. The Company accrues for such items when a liability is both probable and the amount can be reasonably estimated. In the opinion of management, these matters will not have a material effect on the consolidated financial statements of the Company.</div></td></tr></table></div></div> </div>24. &nbsp; COMMITMENTS AND CONTINGENCIES &nbsp; &nbsp; Ivanhoe Mines has, in the normal course of its business, entered into various long-termfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringIncludes disclosure of commitments and contingencies. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 14 -Paragraph 3 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 5 -Paragraph 9, 10, 11, 12 falsefalse12Commitments and ContingenciesUnKnownUnKnownUnKnownUnKnownfalsetrue XML 16 R18.xml IDEA: Property, Plant and Equipment 2.2.0.25falsefalse11101 - Disclosure - Property, Plant and Equipmenttruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_PropertyPlantAndEquipmentAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_PropertyPlantAndEquipmentDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>11.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>PROPERTY, PLANT AND EQUIPMENT</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="28%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="7%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="7%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="7%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="7%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="7%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="7%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="22" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="10" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="10" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Accumulated</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Accumulated</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Depletion and</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Depletion and</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Depreciation,</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Depreciation,</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Including</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Net Book</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Including</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Net Book</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Cost</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Write-downs</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Value</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Cost</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Write-downs</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Value</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Mining plant and equipment</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Ovoot Tolgoi, Mongolia (b)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>10,647</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(1,428</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>9,219</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9,991</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(359</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9,632</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other mineral property interests</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Oyu Tolgoi, Mongolia (a)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>48,120</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(6,316</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>41,804</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">43,792</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(6,296</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">37,496</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Ovoot Tolgoi, Mongolia (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>26,831</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(766</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>26,065</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">16,264</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(83</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">16,181</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Australia (c)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>25,470</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(126</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>25,344</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">24,403</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(126</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">24,277</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other exploration projects</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,252</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(1,244</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>8</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,335</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,306</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">29</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>101,673</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(8,452</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>93,221</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">85,794</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(7,811</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">77,983</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other capital assets</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Oyu Tolgoi, Mongolia (a)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>24,203</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(14,471</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>9,732</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">16,119</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(11,756</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">4,363</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Ovoot Tolgoi, Mongolia (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>228,241</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(24,154</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>204,087</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">74,469</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(8,323</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">66,146</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Australia (c)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>46,785</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(2,723</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>44,062</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">5,724</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,557</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,167</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other exploration projects</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3,351</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(2,573</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>778</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,657</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(2,128</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">529</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>302,580</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(43,921</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>258,659</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">98,969</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(23,764</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">75,205</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Capital works in progress</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Oyu Tolgoi, Mongolia (a) (d)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>953,581</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>953,581</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">54,991</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">54,991</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Ovoot Tolgoi, Mongolia (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>16,364</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>16,364</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">970</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">970</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Australia (c)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,604</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,604</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>971,549</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>971,549</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">55,961</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">55,961</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>1,386,449</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(53,801</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>1,332,648</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">250,715</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(31,934</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">218,781</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(a)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines has a 66% interest in the Oyu Tolgoi copper-gold project located in Mongolia. On April&nbsp;1, 2010, Ivanhoe Mines commenced capitalizing Oyu Tolgoi Project development costs. As of this date, reserve estimates for the Oyu Tolgoi Project had been announced and the procedural and administrative conditions contained in the Investment Agreement were satisfied. During the year ended December&nbsp;31, 2010, additions to property, plant and equipment for the Oyu Tolgoi Project totalled $911.0 million, which included development costs.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">A significant portion of exploration expenses incurred prior to April&nbsp;1, 2010 relate directly to the development of Oyu Tolgoi. Included in exploration expenses were shaft sinking, engineering, and development costs that have been expensed and not capitalized (Note 3).</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Certain costs incurred prior to April&nbsp;1, 2010 to construct surface assets at Oyu Tolgoi have been capitalized. Ivanhoe Mines determined that these costs met the definition of an asset and that they were recoverable through salvage value or transfer of the assets to other locations. These costs were tested for impairment using estimated future cash flows based on reserves and resources beyond proven and probable reserves, in accordance with accounting policy Note 2 (j)&nbsp;for property, plant and equipment.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(b)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">SouthGobi holds a 100% interest in the Ovoot Tolgoi coal project located in Mongolia. In 2008, SouthGobi began open pit operations at Ovoot Tolgoi.</div></td></tr></table> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>11.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>PROPERTY, PLANT AND EQUIPMENT (Continued)</b></div></td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(c)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines through its majority owned subsidiary, Ivanhoe Australia, owns certain mining and exploration leases in Queensland, Australia, which contain prospective molybdenum, rhenium, copper, gold, zinc, silver and uranium occurrences.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">On September&nbsp;30, 2010, Ivanhoe Mines completed its acquisition of the Osborne Copper and Gold complex ("Osborne") located in Australia. The assets acquired include a concentrator, infrastructure and tenements.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(d)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">In March&nbsp;2010, Ivanhoe Mines and Rio Tinto completed an agreement whereby the Company issued 15&nbsp;million common shares to Rio Tinto for net proceeds of $241.1&nbsp;million (Cdn$244.7&nbsp;million). Ivanhoe Mines used $195.4&nbsp;million of the proceeds to purchase from Rio Tinto key mining and milling equipment to be installed during the construction of the Oyu Tolgoi Project (Note 21 (b)).</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Much of the equipment originally was ordered by Ivanhoe Mines from various manufacturers while it was waiting for an Investment Agreement with the Government of Mongolia. Ivanhoe Mines sold the equipment for $121.5&nbsp;million to Rio Tinto in August&nbsp;2008 under an agreement between the companies. Additional equipment also was acquired by Rio Tinto directly from suppliers.</div></td></tr></table></div> </div>11. &nbsp; PROPERTY, PLANT ANDfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDisclosure of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, building and production equipment. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures. This element may be used as a single block of text to include the entire PPE disclosure, including data and tables.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 falsefalse12Property, Plant and EquipmentUnKnownUnKnownUnKnownUnKnownfalsetrue XML 17 R32.xml IDEA: Fair Value Accounting 2.2.0.25falsefalse12501 - Disclosure - Fair Value Accountingtruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0ivn_FairValueAccountingAbstractivnfalsenadurationNo definition availablefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition availablefalsefalse3false0us-gaap_FairValueMeasurementInputsDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>25.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>FAIR VALUE ACCOUNTING</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The ASC establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of the fair value hierarchy are as follows:</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">Level 1:</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">Level 2:</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">Level 3:</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> </div> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>25.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>FAIR VALUE ACCOUNTING (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The following table sets forth the Company's assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="44%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="14" nowrap="nowrap" align="center">Fair Value at December 31, 2010</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Total</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Level 1</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Level 2</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Level 3</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Assets:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Short-term investments</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>98,373</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">98,373</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>113,666</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">113,458</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">208</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>191,816</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">45,173</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">146,643</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>403,855</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">257,004</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">208</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">146,643</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Liabilities:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Rights offering derivative liability</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>766,238</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">766,238</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Embedded derivative liability</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>154,877</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">154,877</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>921,115</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">766,238</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">154,877</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="44%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="14" nowrap="nowrap" align="center">Fair Value at December 31, 2009</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Total</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Level 1</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Level 2</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Level 3</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Assets:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Short-term investments</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>14,999</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">14,999</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>53,180</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">49,119</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,061</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>145,035</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">47,194</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">97,841</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>213,214</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">111,312</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">4,061</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">97,841</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Liabilities:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Rights offering derivative liability</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Embedded derivative liability</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>358,272</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">358,272</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>358,272</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">358,272</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company's short-term and long-term investments are classified within Level 1 and 2 of the fair value hierarchy as they are valued using quoted market prices of certain investments, as well as quoted prices for similar investments.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company's other long-term investments are classified within Level 1 and 3 of the fair value hierarchy and consist of Long-Term Notes, T-Bill, first tax prepayment and Money Market investments.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company's rights offering derivative liability is classified within Level 1 of the fair value hierarchy as it is valued using quoted market prices for the rights.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> </div> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>25.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>FAIR VALUE ACCOUNTING (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company's embedded derivative liability, included within convertible credit facilities (Note 15 (b)), is classified within Level 2 of the fair value hierarchy as it is determined using a Monte Carlo simulation valuation model, which uses readily observable market inputs.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The table below sets forth a summary of changes in the fair value of the Company's Level 3 financial assets (other long-term investments) for the year ended December&nbsp;31, 2010.</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="44%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Long-Term</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Tax</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Notes</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>T-Bills</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Prepayment</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Totals</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balance, December&nbsp;31, 2008</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">22,301</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>22,301</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Additions</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">100,000</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>100,000</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accrued interest</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">600</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>600</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Foreign exchange gains</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,473</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,473</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Fair value redeemed</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(778</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(778</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized gain (loss)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">693</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(27,448</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(26,755</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balance, December&nbsp;31, 2009</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">24,689</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">73,152</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>97,841</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Additions</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">50,000</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>50,000</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accrued interest</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,818</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">645</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3,463</b></td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Foreign exchange gains</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,180</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,180</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Fair value redeemed</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(104</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(104</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized gain (loss)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,998</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,424</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(14,159</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(5,737</b></td> <td nowrap="nowrap"><b>)</b></td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balance, December&nbsp;31, 2010</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>29,763</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>80,394</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>36,486</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>146,643</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> </div></div> </div>25. &nbsp; FAIR VALUE ACCOUNTING &nbsp; &nbsp; The ASC establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used tofalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element represents the disclosure related to the fair value measurement of assets and liabilities which includes [financial] instruments measured at fair value that are classified in stockholders' equity. Such assets and liabilities may be measured on a recurring or nonrecurring basis. The disclosures which may be required or desired include: (1) for assets and liabilities measured on a recurring basis, disclosure may include: (a) the fair value measurements at the reporting date; (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); (c) for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (ii) purchases, sales, issuances, and settlements (net); (iii) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs); (d) the amount of the total gains or losses for the period in subparagraph (c) (i) above included in earnings (or changes in net assets) that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of income (or activities); (e) the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period and (2) for assets and liabilities that are measured at fair value on a nonrecurring basis (for example, impaired assets) disclosure may include, in addition to (a) above: (a) the reasons for the fair value measurements recorded; (b) the same as (b) above; (c) for fair value measurements using significant unobservable inputs (Level 3), a description of the inputs and the information used to develop the inputs; and (d) the valuation technique(s) used to measure fair value and a discussion of changes, if any, in the valuation technique(s) used to measure similar assets and/or liabilities in prior periods.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 6 -Footnote 4 falsefalse12Fair Value AccountingUnKnownUnKnownUnKnownUnKnownfalsetrue XML 18 R12.xml IDEA: Cash and Cash Equivalents 2.2.0.25falsefalse10501 - Disclosure - Cash and Cash Equivalentstruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0ivn_CashAndCashEquivalentsAbstractivnfalsenadurationNo definition availablefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition availablefalsefalse3false0us-gaap_CashAndCashEquivalentsDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>5.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>CASH AND CASH EQUIVALENTS</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Cash and cash equivalents at December&nbsp;31, 2010 included SouthGobi's balance of $492.0&nbsp;million (December&nbsp;31, 2009 &#8212; $357.3&nbsp;million) and Ivanhoe Australia's balance of $59.3&nbsp;million (December&nbsp;31, 2009 &#8212; $10.6&nbsp;million), which were not available for Ivanhoe Mines' general corporate purposes.</div></td></tr></table></div></div> </div>5. &nbsp; CASH AND CASH EQUIVALENTS &nbsp; &nbsp; Cash and cash equivalents at December&nbsp;31, 2010 included SouthGobi's balance offalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThe entire cash and cash equivalents footnote disclosure, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section H -Subsection 3 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7 -Footnote 1 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 8, 9, 10 falsefalse12Cash and Cash EquivalentsUnKnownUnKnownUnKnownUnKnownfalsetrue XML 19 R3.xml IDEA: Consolidated Balance Sheets (Parenthetical) 2.2.0.25falsefalse00105 - Statement - Consolidated Balance Sheets (Parenthetical)truefalsefalse1falsefalseUSDfalsefalse12/31/2010 USD ($) / shares USD ($) $As_Of_12_31_2010http://www.sec.gov/CIK0001158041instant2010-12-31T00:00:000001-01-01T00:00:00Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit1Standardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2falsefalseUSDfalsefalse12/31/2009 USD ($) USD ($) / shares $As_Of_12_31_2009http://www.sec.gov/CIK0001158041instant2009-12-31T00:00:000001-01-01T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0Unit1Standardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_StatementOfFinancialPositionAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_PreferredStockNoParValueus-gaaptruenainstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00&nbsp;&nbsp;falsefalsefalsefalsefalse2falsefalsefalse00&nbsp;&nbsp;falsefalsefalsefalsefalseEPSus-types:perShareItemTypedecimalIssuance value per share of no-par value, nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 3, 4, 5, 6, 7, 8 falsetrue4false0ivn_SharesAuthorizedPreferredStockivnfalsenainstantThe maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer)...falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00UnlimitedUnlimitedfalsefalsefalsefalsefalse2falsefalsefalse00UnlimitedUnlimitedfalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringThe maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.No authoritative reference available.falsefalse5false0us-gaap_CommonStockNoParValueus-gaaptruenainstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00&nbsp;&nbsp;falsefalsefalsefalsefalse2falsefalsefalse00&nbsp;&nbsp;falsefalsefalsefalsefalseEPSus-types:perShareItemTypedecimalIssuance value per share of no-par value common stock; generally not indicative of the fair market value per share.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5 falsetrue6false0ivn_SharesAuthorizedCommonStockivnfalsenainstantThe maximum number of common shares permitted to be issued by an entity's charter and bylaws.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00UnlimitedUnlimitedfalsefalsefalsefalsefalse2falsefalsefalse00UnlimitedUnlimitedfalsefalsefalsefalsefalseOtherxbrli:stringItemTypestringThe maximum number of common shares permitted to be issued by an entity's charter and bylaws.No authoritative reference available.falsefalse7false0us-gaap_CommonStockSharesIssuedus-gaaptruenainstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse568560669568560669falsefalsefalsefalsefalse2truefalsefalse425447552425447552falsefalsefalsefalsefalseSharesxbrli:sharesItemTypesharesTotal number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5 falsefalse8false0us-gaap_CommonStockSharesOutstandingus-gaaptruenainstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse568560669568560669falsefalsefalsefalsefalse2truefalsefalse425447552425447552falsefalsefalsefalsefalseSharesxbrli:sharesItemTypesharesTotal number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Excludes common shares repurchased by the entity and held as Treasury shares. Shares outstanding equals shares issued minus shares held in treasury. Does not include common shares that have been repurchased.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5 falsefalse27Consolidated Balance Sheets (Parenthetical) (USD $)UnKnownNoRoundingUnKnownUnKnownfalsetrue XML 20 R14.xml IDEA: Accounts Receivable 2.2.0.25falsefalse10701 - Disclosure - Accounts Receivabletruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0ivn_ReceivablesAbstractivnfalsenadurationNo definition availablefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition availablefalsefalse3false0ivn_ReceivablesNetCurrentDisclosureTextBlockivnfalsenadurationIncludes disclosure of the total amount due to the entity within one year of the balance sheet date (or one operating cycle,...falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>7.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>ACCOUNTS RECEIVABLE</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Contingent income (Note 4 (a))</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>22,105</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">20,868</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Refundable taxes</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>20,338</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">11,787</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Trade receivables</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>15,297</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">5,201</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accrued interest</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,321</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">133</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Related parties (Note 22)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,127</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">676</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3,553</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">684</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>65,741</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">39,349</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p></div> </div>7. &nbsp; ACCOUNTS RECEIVABLE &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; DecemberfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringIncludes disclosure of the total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.No authoritative reference available.falsefalse12Accounts ReceivableUnKnownUnKnownUnKnownUnKnownfalsetrue XML 21 R15.xml IDEA: Inventories 2.2.0.25falsefalse10801 - Disclosure - Inventoriestruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0ivn_InventoryAbstractivnfalsenadurationNo definition availablefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition availablefalsefalse3false0us-gaap_InventoryDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>8.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>INVENTORIES</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Stockpiles</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>3,637</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9,553</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Materials and supplies</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>36,927</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">8,462</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>40,564</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">18,015</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div></div> </div>8. &nbsp; INVENTORIES &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; DecemberfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element represents the complete disclosure related to inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Chapter 3 -Section A -Paragraph 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 6 -Subparagraph a, b, c -Article 5 falsefalse12InventoriesUnKnownUnKnownUnKnownUnKnownfalsetrue XML 22 R24.xml IDEA: Asset Retirement Obligations 2.2.0.25falsefalse11701 - Disclosure - Asset Retirement Obligationstruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0ivn_AssetRetirementObligationDisclosureAbstractivnfalsenadurationNo definition availablefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition availablefalsefalse3false0us-gaap_AssetRetirementObligationDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>17.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>ASSET RETIREMENT OBLIGATIONS</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balance, beginning of year</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>5,436</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">3,922</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Increase in obligations for:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Changes in estimates</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>5,957</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">706</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized foreign exchange</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,049</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">667</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accretion expense</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>199</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">141</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Acquisition of Osborne (Note 11 (c))</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>27,197</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balance, end of year</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>40,838</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">5,436</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The total undiscounted amount of estimated cash flows required to settle the obligations is $90.6&nbsp;million (December&nbsp;31, 2009 &#8212; $21.9&nbsp;million), which has been discounted using credit adjusted risk free rates ranging from 5.6% to 10.8%. The majority of reclamation obligations are not expected to be paid for several years and will be funded from Ivanhoe Mines' cash balances and environmental bonds restricted for the purpose of settling asset retirement obligations.</div></td></tr></table></div></div> </div>17. &nbsp; ASSET RETIREMENT OBLIGATIONS &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; DecemberfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescription of the asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. This element may be used for all the disclosures related to asset retirement obligations.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 143 -Paragraph 22 falsefalse12Asset Retirement ObligationsUnKnownUnKnownUnKnownUnKnownfalsetrue XML 23 R20.xml IDEA: Accounts Payable and Accrued Liabilities 2.2.0.25falsefalse11301 - Disclosure - Accounts Payable and Accrued Liabilitiestruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0ivn_PayablesAndAccrualsAbstractivnfalsenadurationNo definition availablefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition availablefalsefalse3false0us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>13.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>ACCOUNTS PAYABLE AND ACCRUED LIABILITIES</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accounts payable</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>68,646</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">36,454</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accrued construction costs</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>183,030</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">11,737</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Payroll and other employee related payables</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>126</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,097</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Amounts payable to related parties (Note 22)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>8,726</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,840</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>260,528</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">55,128</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div></div> </div>13. &nbsp; ACCOUNTS PAYABLE AND ACCRUED LIABILITIES &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; DecemberfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescription and amounts of accounts payable and accrued disclosure at the end of the reporting period. This element may be used for the entire disclosure as a single block of text.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Subparagraph a -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 24 -Article 5 falsefalse12Accounts Payable and Accrued LiabilitiesUnKnownUnKnownUnKnownUnKnownfalsetrue XML 24 R4.xml IDEA: Consolidated Statements of Operations 2.2.0.25falsefalse00200 - Statement - Consolidated Statements of OperationstruefalseIn Thousands, except Per Share datafalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares 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font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>20.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>NONCONTROLLING INTERESTS</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">At December&nbsp;31, 2010 there were noncontrolling interests in SouthGobi, Ivanhoe Australia and Oyu Tolgoi:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="44%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="14" nowrap="nowrap" align="center">Noncontrolling Interests</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Ivanhoe</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Oyu Tolgoi</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">SouthGobi</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Australia</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">(a)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Total</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balance, December&nbsp;31, 2008</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">17,623</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">3,069</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">20,692</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Noncontrolling interests' share of loss</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(19,515</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(6,020</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(25,535</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Noncontrolling interests' share of other comprehensive loss</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,547</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,547</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Changes in noncontrolling interests arising from changes in ownership interests</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,258</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(122</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,136</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Derivative contract</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,594</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,594</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Purchase Metals division from subsidiary</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">518</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">518</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balance, December&nbsp;31, 2009</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">2,478</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1,526</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">952</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Noncontrolling interests' share of loss</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(33,193</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(17,056</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(16,703</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(66,952</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Noncontrolling interests' share of other comprehensive income</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">11,868</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">7,918</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,382</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">21,168</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Changes in noncontrolling interests arising from changes in ownership interests</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">305,766</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">79,756</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(338,080</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">47,442</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balance, December&nbsp;31, 2010</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">286,919</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">69,092</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(353,401</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">2,610</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div align="left"> <div style="margin-top: 6pt; width: 18%; font-size: 3pt; border-top: #000000 0px solid;"> </div></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(a)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Oyu Tolgoi Shareholders' Agreement, which was signed and approved on October&nbsp;6, 2009, established the basis upon which the Mongolian Government would, in accordance with Mongolian law, through its wholly-state-owned company, Erdenes MGL LLC, obtain and hold an initial 34% equity interest in Oyu Tolgoi and provides for the respective rights and obligations of the shareholders of Oyu Tolgoi.</div></td></tr></table> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="4%" nowrap="nowrap" align="left">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">On May&nbsp;31, 2010, pursuant to the terms of the Oyu Tolgoi Shareholders' Agreement, the Mongolian Government obtained a 34% interest in Oyu Tolgoi upon the receipt of fully registered shares of Oyu Tolgoi. In accordance with the ASC guidance for consolidation accounting, the Company continued to consolidate its remaining 66% interest in Oyu Tolgoi. No value was assigned to the consideration received by the Company as the fair value of neither the consideration received nor the asset relinquished was determinable within reasonable limits. Accordingly, on May&nbsp;31, 2010, the Company recognized a deficit noncontrolling interest balance of $338.1&nbsp;million associated with the noncontrolling interest's share of the carrying amount of Oyu Tolgoi's net deficit. Accumulated other comprehensive income and additional paid-in capital were adjusted by $14.0&nbsp;million and $324.1&nbsp;million, respectively.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p></div></div> </div>20. &nbsp; NONCONTROLLING INTERESTS &nbsp; &nbsp; At December&nbsp;31, 2010 there were noncontrolling interests in SouthGobi, Ivanhoe Australia and OyufalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescription of noncontrolling interest in consolidated subsidiaries which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net income (loss) of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 falsefalse12Noncontrolling InterestsUnKnownUnKnownUnKnownUnKnownfalsetrue XML 26 R33.xml IDEA: Disclosures Regarding Financial Instruments 2.2.0.25falsefalse12601 - Disclosure - Disclosures Regarding Financial Instrumentstruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0ivn_DisclosuresRegardingFinancialInstrumentsAbstractivnfalsenadurationNo definition availablefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition availablefalsefalse3false0us-gaap_FairValueDisclosuresTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <b><font style="font-size: 11pt;" lang="EN-CA" class="_mt"> </font></b> <div> <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>26.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>DISCLOSURES REGARDING FINANCIAL INSTRUMENTS</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(a)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The estimated fair value of Ivanhoe Mines' financial instruments was as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="44%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="14" nowrap="nowrap" align="center"><b>December 31,</b></td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Carrying</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Fair</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Carrying</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Fair</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Amount</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Value</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Amount</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Value</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Cash and cash equivalents</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>1,264,031</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>1,264,031</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">965,823</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">965,823</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Short-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>98,373</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>98,373</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">14,999</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">14,999</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accounts receivable</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>65,741</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>65,741</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">39,349</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">39,349</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>151,191</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>280,181</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">93,511</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">154,976</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>191,816</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>191,816</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">145,035</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">145,035</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accounts payable and accrued liabilities</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>260,528</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>260,528</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">55,128</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">55,128</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Amounts due under credit facilities</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>54,695</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>54,695</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">55,523</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">55,523</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Rights offering derivative liability</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>766,238</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>766,238</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Convertible credit facilities</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>254,596</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>254,596</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">928,618</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">940,380</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>26.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>DISCLOSURES REGARDING FINANCIAL INSTRUMENTS (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(a)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">(Continued)</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The fair value of Ivanhoe Mines' long-term investments was determined by reference to published market quotations, which may not be reflective of future values.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The fair value of Ivanhoe Mines' other long-term investments, consisting of the Long-Term Notes, T-Bill, first tax prepayment and Money Market investments, was determined by considering the best available data regarding market conditions for such investments, which may not be reflective of future values.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The fair value of the rights offering derivative liability was determined by reference to published market quotations, which may not be reflective of future value.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The fair value of the Rio Tinto convertible credit facility was estimated to approximate the balance of principal and interest outstanding, due primarily to the short-term maturity of this facility.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The fair value of the CIC convertible debenture was estimated to approximate the aggregate carrying amount of the CIC convertible credit facility liability and interest payable. This aggregate carrying amount includes the estimated fair value of the embedded derivative liability which was determined using a Monte Carlo simulation valuation model.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The fair values of Ivanhoe Mines' remaining financial instruments were estimated to approximate their carrying values, due primarily to the immediate or short-term maturity of these financial instruments.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(b)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines is exposed to credit risk with respect to its accounts receivable. The significant concentrations of credit risk are situated in Mongolia and Australia. Ivanhoe Mines does not mitigate the balance of this risk in light of the credit worthiness of its major debtors.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(c)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines is exposed to interest rate risk with respect to the variable rates of interest incurred on the amounts due under credit facilities (Note 14). Interest rate risk is concentrated in Canada. Ivanhoe Mines does not mitigate the balance of this risk.</div></td></tr></table></div></div></div></div> </div>26. &nbsp; DISCLOSURES REGARDING FINANCIAL INSTRUMENTS &nbsp; (a) &nbsp; The estimated fair value of Ivanhoe Mines' financial instruments was asfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis item represents the complete disclosure regarding the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the Company is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risk is are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15B -Subparagraph a, b Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 3, 10, 14, 15 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44A, 44B Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32, 33, 34 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15C, 15D Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15A -Subparagraph a-d Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 17-22, 27, 28 falsefalse12Disclosures Regarding Financial InstrumentsUnKnownUnKnownUnKnownUnKnownfalsetrue XML 27 R16.xml IDEA: Long-Term Investments 2.2.0.25falsefalse10901 - Disclosure - Long-Term Investmentstruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0ivn_LongTermInvestmentsEquitySecuritiesAbstractivnfalsenadurationNo definition availablefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition availablefalsefalse3false0ivn_LongTermInvestmentsEquitySecuritiesTextBlockivnfalsenadurationThis item represents the entire disclosure related to investments in equity securities that are intended to be held for an...falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>9.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>LONG-TERM INVESTMENTS</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Investments in companies subject to significant influence:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Altynalmas Gold Ltd. (a)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9,860</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Exco Resources N.L. (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>16,991</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">10,499</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Available-for-sale equity securities (c)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>103,431</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">43,304</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Held-for-trading equity securities (d)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>10,235</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">9,876</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other equity securities, cost method (e)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>20,534</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">19,972</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>151,191</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">93,511</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(a)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;">On October&nbsp;3, 2008, Ivanhoe Mines closed an agreement with several strategic partners whereby Altynalmas issued shares to acquire a 100% participating interest in BMV and a 100% participating interest in Intergold Capital LLP ("IGC"). Both IGC and BMV are limited liability partnerships established under the laws of Kazakhstan that are engaged in the exploration and development of minerals in Kazakhstan. As a result of this transaction, Ivanhoe Mines' investment in Altynalmas was diluted to 49%. Ivanhoe Mines ceased consolidating Altynalmas on October&nbsp;3, 2008 and commenced equity accounting for its investment.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">On March&nbsp;8, 2010, all of the parties to the original agreement agreed to put themselves into the position they would be in as if a certain entity was not a party to the original agreement. The corresponding amendments made to the original agreement resulted in Ivanhoe Mines' interest in Altynalmas increasing from 49% to 50%.</div></td></tr></table> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Amount due from Altynalmas</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>100,545</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">68,533</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Carrying amount of equity method investment</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(100,545</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(58,673</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Net investment in Altynalmas</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9,860</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>9.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>LONG-TERM INVESTMENTS (Continued)</b></div></td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(a)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;">(Continued)</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Amounts advanced to Altynalmas bear interest compounded monthly at a rate per annum equal to the one month London Inter-bank Offered Rate plus 3.0% and are due on demand.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2010, Ivanhoe Mines recorded a $41.9&nbsp;million (2009 &#8212; $44.7&nbsp;million) equity loss on this investment.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(b)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2010, Ivanhoe Mines acquired 13.5&nbsp;million shares of Exco Resources N.L. ("Exco") at a cost of $5.3&nbsp;million (Aud$5.9&nbsp;million).</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2009, Ivanhoe Mines acquired 1.8&nbsp;million shares of Exco at a cost of $0.1 million (Aud$0.2&nbsp;million) on the open market.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2009, Ivanhoe Mines acquired an additional 5.1&nbsp;million shares of Exco at a cost of $1.0&nbsp;million (Aud$1.2&nbsp;million) by way of a private placement. In a subsequent private placement, also during 2009, Ivanhoe Mines acquired an additional 8.3&nbsp;million shares of Exco at a cost of $1.9&nbsp;million (Aud$2.0&nbsp;million).</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2010, Ivanhoe Mines recorded a $0.8&nbsp;million (2009 &#8212; $1.2&nbsp;million) equity loss on this investment.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">At December&nbsp;31, 2010, the market value of Ivanhoe Mines' 22.9% investment in Exco was $45.4&nbsp;million (Aud$44.4&nbsp;million).</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(c)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;"><i>Available-for-sale equity securities</i></div></td></tr></table> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="36%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="5%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="5%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="5%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="5%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="5%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="5%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="5%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="5%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="14" nowrap="nowrap" align="center"><b>December 31, 2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="14" nowrap="nowrap" align="center">December 31, 2009</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Equity</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Cost</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Unrealized</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Fair</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Equity</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Cost</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Unrealized</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Fair</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Interest</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Basis</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Gain (Loss)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Value</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Interest</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Basis</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Gain (Loss)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Value</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Entr&#233;e Gold Inc.</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>12.1</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>19,957</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>27,746</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>47,703</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">14.3</td> <td nowrap="nowrap">%</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">19,957</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">12,799</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">32,756</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Aspire Mining Limited (i)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>19.8</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>20,280</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>31,727</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>52,007</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Emmerson Resources Limited</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>10.0</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3,636</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(304</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3,332</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">10.0</td> <td nowrap="nowrap">%</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,107</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,637</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">9,744</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Intec Ltd. (ii)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>1.9</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>36</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>91</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>127</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">4.8</td> <td nowrap="nowrap">%</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">521</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(3</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">518</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>60</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>202</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>262</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">60</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">226</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">286</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 0px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 0px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>43,969</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>59,462</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>103,431</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">23,645</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">19,659</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">43,304</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(i)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During December&nbsp;2010, Ivanhoe Mines acquired 105.9&nbsp;million common shares of Aspire Mining Limited at a cost of $20.3&nbsp;million (Aud$20.1&nbsp;million) by way of a private placement.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(ii)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2010, Ivanhoe Mines recorded an impairment provision of $0.5 million against the investment in Intec Ltd. ("Intec") based on an assessment of the fair value of Intec.</div></td></tr></table> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>9.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>LONG-TERM INVESTMENTS (Continued)</b></div></td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(d)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;"><i>Held-for-trading equity securities</i></div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, the market value of Ivanhoe Mines' 4.8% investment in Kangaroo Resources Limited was $10.2&nbsp;million, resulting in an unrealized gain of $0.4&nbsp;million during the year ended December&nbsp;31, 2010.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(e)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;"><i>Other equity securities, cost method</i></div></td></tr></table> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="44%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center"><b>December 31, 2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31, 2009</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Equity</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Cost</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Equity</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Cost</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Interest</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Basis</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Interest</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Basis</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Ivanhoe Nickel &amp; Platinum Ltd. (i)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>7.9</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>19,491</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">6.1</td> <td nowrap="nowrap">%</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">18,929</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">GoviEx Gold Inc.</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>1.5</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,043</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">1.5</td> <td nowrap="nowrap">%</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,043</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 0px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 0px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>20,534</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">19,972</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(i)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2010, Ivanhoe Mines acquired 125,665 common shares of Ivanhoe Nickel and Platinum Ltd. ("Ivanplats"), a private company, at a cost of $0.6 million.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2009, Ivanhoe Mines acquired 1.2&nbsp;million common shares of Ivanplats from third parties at a cost of $1.8&nbsp;million. In addition, during December&nbsp;2009, Ivanhoe Mines purchased 220,000 common shares of Ivanplats at a cost of $1.3 million and 250,000 Ivanplats special warrants, convertible into 250,000 common shares of Ivanplats, at a cost of $1.5&nbsp;million from certain directors of the Company.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During November&nbsp;2009, Ivanhoe Mines acquired 1.1&nbsp;million units of Ivanplats at a cost of $9.9&nbsp;million. Each unit is comprised of one common share, one liquidity right and one-half of one initial public offering ("IPO") warrant. Each liquidity right is convertible into 0.1 of an Ivanplats common share for no additional consideration in the event that a liquidity event does not occur on or before December&nbsp;31, 2010. The 550,000 IPO warrants vest upon closing of an IPO. If an IPO occurs prior to December&nbsp;31, 2010, each IPO warrant entitles the holder to purchase one Ivanplats common share at the IPO price up until two years after the closing of the IPO. If an IPO occurs after December&nbsp;31, 2010, each IPO warrant entitles the holder to purchase 1.1 common shares of Ivanplats at the IPO price up until two years after the closing of the IPO. Neither a liquidity event or an IPO occurred on or before December&nbsp;31, 2010. Therefore, on December&nbsp;31, 2010, Ivanhoe Mines acquired 110,000 common shares of Ivanplats upon the conversion of all the liquidity rights.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, Ivanhoe Mines held a 9.8% equity interest in Ivanplats on a fully diluted basis.</div></td></tr></table></div> </div>9. &nbsp; LONG-TERM INVESTMENTS &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; DecemberfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis item represents the entire disclosure related to investments in equity securities that are intended to be held for an extended period of time (longer than one operating cycle).No authoritative reference available.falsefalse12Long-Term InvestmentsUnKnownUnKnownUnKnownUnKnownfalsetrue XML 28 R28.xml IDEA: Cash Flow Information 2.2.0.25falsefalse12101 - Disclosure - Cash Flow Informationtruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_SupplementalCashFlowInformationAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_CashFlowSupplementalDisclosuresTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <b><font style="font-size: 11pt;" lang="EN-CA" class="_mt"> </font></b> <div> <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>21.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>CASH FLOW INFORMATION</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Reconciliation of net loss to net cash flow used in operating activities</i></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Year Ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Net loss</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(278,431</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(305,706</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">(Income) loss from discontinued operations</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(6,585</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,645</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Items not involving use of cash</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Stock-based compensation</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>37,203</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">35,835</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accretion expense</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>11,908</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">14,486</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">General and administrative expenses</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>6,525</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,978</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Depreciation</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>15,402</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">10,140</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Gain on sale of other mineral property rights</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(3,000</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying values of property, plant and equipment</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,338</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,243</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accrued interest income</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(10,600</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(600</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Accrued interest expense</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>9,664</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">20,885</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized gain on long-term investments</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(360</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,099</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized gains on other long-term investments</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(4,508</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(438</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Realized gain on redemption of other long-term investments</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(151</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,458</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Change in fair value of derivative</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(135,680</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Change in fair value of embedded derivatives</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(100,637</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">44,980</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Loss on conversion of convertible debenture</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>154,316</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Transaction costs on issuance of convertible debenture</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">9,399</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Unrealized foreign exchange gains</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(9,498</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(33,394</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Share of loss of significantly influenced investees</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>42,718</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">45,898</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying value of inventory</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>14,729</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Gain on sale of long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,424</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Write-down of carrying value of long-term investments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>485</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Deferred income taxes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(15,124</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(14,520</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Bonus shares</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>27,752</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,622</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Net change in non-cash operating working capital items:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 45px;">Increase in:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 60px;">Accounts receivable</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(20,999</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(875</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 60px;">Inventories</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(32,425</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(2,301</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 60px;">Prepaid expenses</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(6,982</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(4,816</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 45px;">Increase in:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 60px;">Accounts payable and accrued liabilities</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>4,664</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">15,488</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Cash used in operating activities of continuing operations</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(294,276</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(164,032</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Cash used in operating activities of discontinued operations</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(19,227</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Cash used in operating activities</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(294,276</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(183,259</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>21.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>CASH FLOW INFORMATION (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(b)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Supplementary information regarding other non-cash transactions</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The non-cash investing and financing activities relating to continuing operations not already disclosed in the Consolidated Statements of Cash Flows were as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Years Ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;"><b>Investing activities:</b></div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Acquisition of property, plant and equipment (i)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(195,357</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;"><b>Financing activites:</b></div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Conversion of convertible credit facility (Note 15 (a))</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(400,832</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Partial conversion of convertible debenture (Note 15 (b))</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(349,079</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(945,268</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="8%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="88%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(i)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">In March&nbsp;2010, the Company and Rio Tinto completed an agreement whereby the Company issued 15.0&nbsp;million common shares to Rio Tinto for net proceeds of $241.1&nbsp;million (Cdn$244.7&nbsp;million) (Note 18 (b)). The Company used $195.4&nbsp;million of the proceeds to purchase from Rio Tinto key mining and milling equipment to be installed during the construction of the Oyu Tolgoi Project.</div></td></tr></table> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(c)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Other supplementary information</i></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Years Ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Interest paid</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>23,163</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">717</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Income taxes paid</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>400</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">1,055</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div></div></div></div> </div>21. &nbsp; CASH FLOW INFORMATION &nbsp; (a) &nbsp; Reconciliation of net loss to net cash flow used in operatingfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDesignated to encapsulate the entire footnote disclosure that provides information on the supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 32 falsefalse12Cash Flow InformationUnKnownUnKnownUnKnownUnKnownfalsetrue XML 29 R9.xml IDEA: Significant Accounting Policies 2.2.0.25falsefalse10201 - Disclosure - Significant Accounting Policiestruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_GeneralPoliciesAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_SignificantAccountingPoliciesTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>2.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SIGNIFICANT ACCOUNTING POLICIES</b></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The significant accounting policies used in these consolidated financial statements are as follows:</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Principles of consolidation</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">These consolidated financial statements include the accounts of the Company and those entities in which the Company has a controlling financial interest either through voting rights or means other than voting rights. For these entities, the Company records 100% of the revenues, expenses, cash flows, assets and liabilities in the consolidated financial statements. For entities that the Company controls but holds less than a 100% ownership interest, a noncontrolling interest is recorded in the consolidated statement of operations and balance sheet to reflect the noncontrolling interest's share of the net income (loss)&nbsp;and net assets of the entity, respectively.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company has assessed all entities, including those entities that hold economic interests in projects that are in the exploration or development stage, in which the Company holds an economic interest, to determine if they are variable interest entities ("VIEs"). If they are determined to be VIEs, the Company assesses on an ongoing basis who the primary beneficiary is based on who has the power to direct matters that most significantly impact the VIE's economic performance and who has the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. Matters that may have a significant impact on the VIE's economic performance include, but are not limited to, approval of budgets and programs, financing decisions, construction decisions and delegation of certain responsibilities to the operator of the project. For VIEs where the Company is the primary beneficiary, the Company consolidates the entity and records a noncontrolling interest, measured initially at its estimated fair value, for the interest held by other equity owners. For VIEs where the Company has shared power with unrelated parties over the aforementioned matters that most significantly impact the VIE's economic performance, the Company uses the equity method of accounting to report their results.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br /><br />Notes to the Consolidated Financial Statements<br /><br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>2.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SIGNIFICANT ACCOUNTING POLICIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Principles of consolidation (Continued)</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The following table illustrates the Company's policy used to account for its interests in significant entities where the Company holds less than a 100% economic interest. The Company consolidates all entities where it holds a 100% economic interest.</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center"><b>Economic interest</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>at December 31, 2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>Method</b></td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Ivanhoe Australia Limited (i)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="center">62.0%</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">Consolidation</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">SouthGobi Resources Ltd. (ii)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="center">57.1%</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">Consolidation</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Oyu Tolgoi LLC (iii)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="center">66.0%</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">Consolidation</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Altynalmas Gold Ltd. (iv)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="center">50.0%</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right"><font style="white-space: nowrap;" class="_mt">Equity Method</font></td> <td>&nbsp;</td></tr></table></div> <div align="left"> <div style="margin-top: 3pt; width: 18%; font-size: 3pt; border-top: #000000 0px solid;"> </div></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="8%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="88%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(i)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Company holds a 62.0% interest in Ivanhoe Australia Limited ("Ivanhoe Australia"), which is developing its copper-gold discoveries in the Cloncurry region of Queensland, Australia, and also is planning the development of its wholly-owned Merlin Project, a high-grade molybdenum and rhenium deposit.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(ii)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Company holds a 57.1% interest in SouthGobi Resources Ltd. ("SouthGobi"), which is selling coal produced at its Ovoot Tolgoi mine in southern Mongolia to customers in China and is conducting ongoing exploration and development programs at several other Mongolian coal prospects.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(iii)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Wholly-owned subsidiaries of the Company together hold a 66.0% interest in Oyu Tolgoi LLC ("Oyu Tolgoi"), a VIE whose principal asset is the Oyu Tolgoi copper and gold project under construction in southern Mongolia.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">On May&nbsp;31, 2010, pursuant to the terms of the Oyu Tolgoi Shareholders' Agreement, the Mongolian Government obtained a 34% interest in Oyu Tolgoi. The Company has determined that no individual party has both: (a)&nbsp;the unilateral power to direct the activities that most significantly impact Oyu Tolgoi's economic performance and (b)&nbsp;the obligation to absorb losses or the right to receive benefits that could potentially be significant to Oyu Tolgoi. The Company has continued to consolidate its 66% interest in Oyu Tolgoi as it remains a member of a related party group with such attributes and is the entity within the group that is most closely associated with Oyu Tolgoi.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Company has historically funded 100% of the Oyu Tolgoi copper and gold project's exploration and development costs via equity and debt investments in Oyu Tolgoi. At December&nbsp;31, 2010, the consolidated carrying amounts (100%) of Oyu Tolgoi's assets and liabilities were $1.4&nbsp;billion and $0.2&nbsp;billion, respectively. The maximum exposure to loss related to this VIE is $2.4&nbsp;billion, calculated as the aggregate of the carrying amounts of the Company's common share interest, preferred share interest, shareholder loan interests and certain obligations of Oyu Tolgoi guaranteed by the Company.</div></td></tr></table> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br /><br />Notes to the Consolidated Financial Statements<br /><br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>2.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SIGNIFICANT ACCOUNTING POLICIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Principles of consolidation (Continued)</i></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(iv)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company holds a 50.0% interest in Altynalmas Gold Ltd. ("Altynalmas"), which owns the Kyzyl Gold Project that hosts the Bakyrchik and Bolshevik gold deposits in Kazakhstan. The Company accounts for its interest in this VIE using the equity method. The maximum exposure related to this VIE is limited to the carrying amount of the shareholder loan due from Altynalmas (Note 9(a)).</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(b)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Measurement uncertainties</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Generally accepted accounting principles require management to make assumptions and estimates that affect the reported amounts and other disclosures in these consolidated financial statements. Actual results may differ from those estimates.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Significant estimates used in the preparation of these consolidated financial statements include, among other things, the recoverability of accounts receivable and investments, the proven and probable ore reserves, the estimated recoverable tonnes of ore from each mine area, the estimated net realizable value of inventories, the provision for income taxes and composition of deferred income tax assets and deferred income tax liabilities, the expected economic lives of and the estimated future operating results and net cash flows from property, plant and equipment, depreciation and depletion, stock-based compensation, beneficial conversion feature, estimated fair value of share purchase warrants, estimated fair value of derivatives and embedded derivatives, and the anticipated costs and timing of asset retirement obligations.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(c)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Foreign currencies</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company has determined the U.S. dollar to be its functional currency as it is the currency of the primary economic environment in which the Company and its subsidiaries operate. Accordingly, monetary assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect at the balance sheet date and non-monetary assets and liabilities are translated at the exchange rates in effect at the time of acquisition or issue. Revenues and expenses are translated at rates approximating the exchange rates in effect at the time of the transactions. All exchange gains and losses are included in operations.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">For foreign subsidiaries whose functional currency is the local currency, assets and liabilities are translated into U.S. dollars at the exchange rate in effect at the balance sheet date, while revenues and expenses are translated at average rates in effect for the period. The related translation gains and losses are included in accumulated other comprehensive income (loss)&nbsp;within shareholders' equity.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> </div> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br /><br />Notes to the Consolidated Financial Statements<br /><br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>2.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SIGNIFICANT ACCOUNTING POLICIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(d)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Revenue recognition</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Sales revenues are recognized when the risks and rewards of ownership pass to the customer, collection is reasonably assured and the price is reasonably determinable. This occurs when coal is either loaded onto a train or truck or when it is unloaded at the final destination, depending on the terms of the sales contract.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(e)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Cash and cash equivalents</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Cash and cash equivalents include short-term money market instruments with terms to maturity, at the date of acquisition, not exceeding 90&nbsp;days.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(f)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Short-term investments</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Short-term investments include money market instruments with terms to maturity, at the date of acquisition, exceeding 90&nbsp;days and with remaining terms at December&nbsp;31, 2010 of less than one year.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(g)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Inventories</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Stockpiles are valued at the lower of production cost and net realizable value. Production cost includes direct and indirect labour, operating materials and supplies, transportation costs, and an applicable portion of operating overhead, including depreciation and depletion. Net realizable value is the expected average selling price of the finished product less the costs to get the product into saleable form and to the selling location.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Mine stores and supplies are valued at the lower of the weighted average cost, less allowances for obsolescence, and replacement cost.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(h)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Long-term investments</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Long-term investments in companies in which Ivanhoe Mines has voting interests between 20% and 50%, or where Ivanhoe Mines has the ability to exercise significant influence, are accounted for using the equity method. Under this method, Ivanhoe Mines' share of the investees' earnings and losses is included in operations and its investments therein are adjusted by a like amount. Dividends received are credited to the investment accounts.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Long-term investments in equity securities that have readily determinable fair values and are not subject to significant influence are classified as either "available-for-sale" or "held-for-trading". Available-for-sale investments are measured at fair value with unrealized gains and losses recognized in accumulated other comprehensive income as a separate component of shareholders' equity, unless the declines in market value are judged to be other than temporary, in which case the losses are recognized in income for the period. Held-for-trading investments are measured at fair value with changes in those fair values recognized in income for the period.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br /><br />Notes to the Consolidated Financial Statements<br /><br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>2.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SIGNIFICANT ACCOUNTING POLICIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(h)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Long-term investments (Continued)</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The cost method is used to account for long-term investments in equity securities that are not accounted for using the equity method or classified as either "available-for-sale" or "held-for-trading".</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(i)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Exploration and development</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">All direct costs related to the acquisition of mineral property interests are capitalized in the period incurred.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Generally, exploration costs are charged to operations in the period incurred until such time as it has been determined that a property has economically recoverable reserves, in which case subsequent exploration costs and the costs incurred to develop a property are capitalized. Exploration costs include value-added taxes incurred in foreign jurisdictions when recoverability of those taxes is uncertain.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(j)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Property, plant and equipment</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Property, plant and equipment are carried at cost (including development and preproduction costs, capitalized interest, other financing costs and all direct administrative support costs incurred during the construction period, net of cost recoveries and incidental revenues), less accumulated depletion and depreciation including write-downs. Following the construction period, interest, other financing costs and administrative costs are expensed as incurred.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">On the commencement of commercial production, depletion of each mining property is provided on the unit-of-production basis, using estimated proven and probable reserves as the depletion basis.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Property, plant and equipment are depreciated, following the commencement of commercial production, over their expected economic lives using either the unit-of-production method or the straight-line method (over one to twenty years).</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Capital works in progress are not depreciated until the capital asset has been put into operation.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines reviews the carrying values of its property, plant and equipment whenever events or changes in circumstances indicate that their carrying values may not be recoverable. An impairment is considered to exist if total estimated future cash flows, or probability-weighted cash flows on an undiscounted basis, are less than the carrying value of the assets. An impairment loss is measured and recorded based on discounted estimated future cash flows associated with values beyond proven and probable reserves and resources. In estimating future cash flows, assets are grouped at the lowest level for which there is identifiable future cash flows that are largely independent of cash flows from other asset groups. Generally, in estimating future cash flows, all assets are grouped at a particular mine for which there is identifiable cash flows.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> </div> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br /><br />Notes to the Consolidated Financial Statements<br /><br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>2.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SIGNIFICANT ACCOUNTING POLICIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(k)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Stripping costs</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Stripping costs incurred during the production phase of a mine are variable production costs that are included in the costs of inventory produced during the period that the stripping costs are incurred.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(l)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Asset retirement obligations</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines recognizes liabilities for statutory, contractual or legal obligations associated with the retirement of property, plant and equipment, when those obligations result from the acquisition, construction, development or normal operation of the assets. Initially, a liability for an asset retirement obligation is recognized at its fair value in the period in which it is incurred. Upon initial recognition of the liability, the corresponding asset retirement cost is added to the carrying amount of that asset and the cost is amortized as an expense over the economic life of the related asset. Following the initial recognition of the asset retirement obligation, the carrying amount of the liability is increased for the passage of time and adjusted for changes to the amount or timing of the underlying cash flows needed to settle the obligation.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(m)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Stock-based compensation</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company has an Employees' and Directors' Equity Incentive Plan which is disclosed in Note 18. The fair value of stock options at the date of grant is amortized to operations, with an offsetting credit to additional paid-in capital, on a straight-line basis over the vesting period. If and when the stock options are ultimately exercised, the applicable amounts of additional paid-in capital are transferred to share capital.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(n)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Deferred income taxes</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The provision for deferred income taxes is based on the liability method. Deferred taxes arise from the recognition of the tax consequences of temporary differences by applying statutory tax rates applicable to future years to differences between the financial statement's carrying amounts and the tax bases of certain assets and liabilities. The Company records a valuation allowance against any portion of those deferred income tax assets that management believes will, more likely than not, fail to be realized.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br /><br />Notes to the Consolidated Financial Statements<br /><br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>2.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SIGNIFICANT ACCOUNTING POLICIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(o)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Loss per share</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The basic loss per share is computed by dividing the net loss attributable to common stock by the weighted average number of common shares outstanding during the year. All stock options and share purchase warrants outstanding at each period end have been excluded from the weighted average share calculation. The effect of potentially dilutive stock options, share purchase warrants and the Rio Tinto convertible credit facility was antidilutive in the years ending December&nbsp;31, 2010 and 2009.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The potentially dilutive shares excluded from the loss per share calculation due to antidilution are as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Options</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>16,712,070</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">21,158,270</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Share purchase warrants</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>47,962,941</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">128,493,450</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Convertible credit facility</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">39,067,775</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Total potentially dilutive shares</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>64,675,011</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">188,719,495</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In February&nbsp;2011, the Company completed a rights offering which was open to all shareholders on a dilution free, equal participation basis at a subscription price less than the fair value of a common share of the Company (Note 18 (d)). In accordance with the Financial Accounting Standards Board Accounting Standards Codification ("ASC") guidance for earnings per share, basic and diluted loss per share for all periods presented have been adjusted retroactively for a bonus element contained in the rights offering. Specifically, the weighted average number of common shares outstanding used to compute basic and diluted loss per share for the years ended December&nbsp;31, 2010 and 2009 have been multiplied by a factor of 1.06.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(p)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Segmented reporting</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company has three operating segments, its development division located in Mongolia, its coal division located in Mongolia, and its exploration division with projects located primarily in Australia and Mongolia.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(q)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Comparative figures</i></div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Certain of the comparative figures have been adjusted retroactively for a bonus element contained in the rights offering (Note 2 (o)). In particular, the Company has adjusted the weighted average number of common shares outstanding and loss per share in the prior period.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br /><br />Notes to the Consolidated Financial Statements<br /><br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>2.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SIGNIFICANT ACCOUNTING POLICIES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(r)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Accounting changes</i></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In January&nbsp;2010, the ASC guidance for fair value measurements and disclosures was updated to require additional disclosures related to transfers in and out of level 1 and 2 fair value measurements and enhanced detail in the level 3 reconciliation. The updated guidance clarified the level of disaggregation required for assets and liabilities and the disclosures required for inputs and valuation techniques used to measure the fair value of assets and liabilities that fall in either level 2 or level 3. The updated guidance was effective for the Company's fiscal year beginning January&nbsp;1, 2010, except for the level 3 disaggregation which is effective for the Company's fiscal year beginning January 1, 2011. The adoption of the updated guidance had no impact on the Company's consolidated financial position, results of operations or cash flows.</div></td></tr> <tr><td style="font-size: 8pt;">&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In June&nbsp;2009, the ASC guidance for consolidation accounting was updated to require an entity to perform a qualitative analysis to determine whether the enterprise's variable interest gives it a controlling financial interest in a VIE. This qualitative analysis identifies the primary beneficiary of a VIE as the entity that has both of the following characteristics: (i)&nbsp;the power to direct the activities of a VIE that most significantly impact the entity's economic performance and (ii)&nbsp;the obligation to absorb losses or receive benefits from the entity that could potentially be significant to the VIE. The updated guidance was effective for the Company's fiscal year beginning January&nbsp;1, 2010. The adoption of the updated guidance had no impact on the Company's consolidated financial position, results of operations or cash flows.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(s)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Recent accounting pronouncements</i></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In December&nbsp;2010, the ASC guidance for business combinations was updated to clarify existing guidance requiring a public entity to disclose pro forma revenue and earnings of the combined entity as though the business combination(s) that occurred during the current year had occurred as of the beginning of the comparable prior annual period only. The update also expands the supplemental pro forma disclosures required to include a description of the nature and amount of material, nonrecurring pro forma adjustments directly attributable to the business combination included in the reported pro forma revenue and earnings. The updated guidance is effective for the Company's fiscal year beginning January&nbsp;1, 2011. 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Includes deferred gains (losses) on qualifying hedges, unrealized holding gains (losses) on available-for-sale securities, minimum pension liability, and cumulative translation adjustment.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph c(3) Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 130 -Paragraph 22, 23, 24, 25 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 31 -Article 5 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 falsefalse5false0us-gaap_ComprehensiveIncomeNetOfTaxus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse-294515000-294515falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A5 -Appendix A Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 30 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph c(3) Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 8, 9, 10, 11, 12, 13, 14 falsefalse6true0us-gaap_IncreaseDecreaseInStockholdersEquityRollForwardus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringA roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.falsefalse7false0us-gaap_StockIssuedDuringPeriodValueStockOptionsExercisedus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse86610008661falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4truefalsefalse-2560000-2560falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse61010006101falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryValue stock issued during the period as a result of the exercise of stock options.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 falsefalse8false0us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercisedus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse867500867500falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8falsefalsefalse00falsefalsefalsefalsefalseSharesxbrli:sharesItemTypesharesNumber of shares issued during the period as a result of the exercise of stock options.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30 -Article 5 falsefalse9false0us-gaap_StockIssuedDuringPeriodValueNewIssuesus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse390173000390173falsefalsefalsetruefalse2truefalsefalse-5174000-5174falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse384999000384999falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryValue of new stock issued during the period.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 falsefalse10false0us-gaap_StockIssuedDuringPeriodSharesNewIssuesus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse4630447346304473falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8falsefalsefalse00falsefalsefalsefalsefalseSharesxbrli:sharesItemTypesharesNumber of new stock issued during the period.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30 -Article 5 falsefalse11false0ivn_StockIssuedDuringPeriodValueBonusSharesivnfalsecreditdurationValue of shares issued during the period to employees as bonus shares.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse16220001622falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse16220001622falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryValue of shares issued during the period to employees as bonus shares.No authoritative reference available.falsefalse12false0ivn_StockIssuedDuringPeriodSharesBonusSharesivnfalsenadurationNumber of shares issued during the period to employees as bonus shares.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse125000125000falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8falsefalsefalse00falsefalsefalsefalsefalseSharesxbrli:sharesItemTypesharesNumber of shares issued during the period to employees as bonus shares.No authoritative reference available.falsefalse13false0us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlanus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse469000469falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse469000469falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryAggregate change in value for stock issued during the period as a result of employee stock purchase plan.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 falsefalse14false0us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlansus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse104566104566falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8falsefalsefalse00falsefalsefalsefalsefalseSharesxbrli:sharesItemTypesharesNumber of shares issued during the period as a result of an employee stock purchase plan.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 5 falsefalse15false0ivn_IncreaseBeneficialConversionFeatureivnfalsecreditdurationIncrease in beneficial conversion feature during the reporting period.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3truefalsefalse13670001367falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse13670001367falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryIncrease in beneficial conversion feature during the reporting period.No authoritative reference available.falsefalse16false0ivn_MinorityInterestIncreaseDecreaseivnfalsecreditdurationNet increase (decrease) in balance of noncontrolling interest during the reporting period.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1falsefalsefalse00falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7truefalsefalse42480004248falsefalsefalsetruefalse8truefalsefalse42480004248falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryNet increase (decrease) in balance of noncontrolling interest during the reporting period.No authoritative reference available.falsefalse17false0us-gaap_AdjustmentsToAdditionalPaidInCapitalReallocationOfMinorityInterestus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4truefalsefalse2136800021368falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse2136800021368falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryChange in additional paid in capital as a result of a reallocation of a subsidiary's stockholders' equity to noncontrolling interest due to the subsidiary issuing stock. This reallocation is from a capital transaction.No authoritative reference available.falsefalse18false0us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValueus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4truefalsefalse3617500036175falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse3617500036175falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThis element represents the amount of recognized share-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 39 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64 -Subparagraph b Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph A91 falsefalse19false0us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestus-gaaptruecreditinstantNo definition available.falsefalsefalsetruefalsefalsefalsefalsetruefalseperiodendlabelinstant2009-12-31T00:00:000001-01-01T00:00:001truefalsefalse18867890001886789falsefalsefalsetruefalse2truefalsefalse2738600027386falsefalsefalsetruefalse3truefalsefalse3025000030250falsefalsefalsetruefalse4truefalsefalse348468000348468falsefalsefalsetruefalse5truefalsefalse-14578000-14578falsefalsefalsetruefalse6truefalsefalse-1800179000-1800179falsefalsefalsetruefalse7truefalsefalse952000952falsefalsefalsetruefalse8truefalsefalse479088000479088falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryTotal of Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 25 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 26 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A3 -Appendix A falsefalse20false0us-gaap_SharesIssuedus-gaaptruenainstantNo definition available.falsefalsefalsetruefalsefalsefalsefalsetruefalseperiodendlabelinstant2009-12-31T00:00:000001-01-01T00:00:001truefalsefalse425447552425447552falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8falsefalsefalse00falsefalsefalsefalsefalseSharesxbrli:sharesItemTypesharesNumber of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury.No authoritative reference available.falsefalse21false0us-gaap_ProfitLossus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6truefalsefalse-211479000-211479falsefalsefalsetruefalse7truefalsefalse-66952000-66952falsefalsefalsetruefalse8truefalsefalse-278431000-278431falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A1, A4, A5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 5 -Subparagraph b Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 29 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph a Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph c(1) falsefalse22false0us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5truefalsefalse4765300047653falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7truefalsefalse71450007145falsefalsefalsetruefalse8truefalsefalse5479800054798falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThis element represents Other Comprehensive Income (Loss), Net of Tax, for the period. Includes deferred gains (losses) on qualifying hedges, unrealized holding gains (losses) on available-for-sale securities, minimum pension liability, and cumulative translation adjustment.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph c(3) Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 130 -Paragraph 22, 23, 24, 25 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 31 -Article 5 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 falsefalse23false0us-gaap_ComprehensiveIncomeNetOfTaxus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse-223633000-223633falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A5 -Appendix A Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 30 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph c(3) Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 8, 9, 10, 11, 12, 13, 14 falsefalse24true0us-gaap_IncreaseDecreaseInStockholdersEquityRollForwardus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringA roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.falsefalse25false0us-gaap_StockIssuedDuringPeriodValueStockOptionsExercisedus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse6743100067431falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4truefalsefalse-20259000-20259falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse4717200047172falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryValue stock issued during the period as a result of the exercise of stock options.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 falsefalse26false0us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercisedus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse56190805619080falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8falsefalsefalse00falsefalsefalsefalsefalseSharesxbrli:sharesItemTypesharesNumber of shares issued during the period as a result of the exercise of stock options.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30 -Article 5 falsefalse27false0ivn_StockIssuedDuringPeriodValueSharePurchaseWarrantsExercisedivnfalsecreditdurationValue of shares issued during the period from the exercise of share purchase warrants.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse701120000701120falsefalsefalsetruefalse2truefalsefalse-15554000-15554falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse685566000685566falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryValue of shares issued during the period from the exercise of share purchase warrants.No authoritative reference available.falsefalse28false0ivn_StockIssuedDuringPeriodSharesSharePurchaseWarrantsExercisedivnfalsenadurationNumber of shares issued 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This excludes temporary equity and is sometimes called permanent equity.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 25 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 26 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A3 -Appendix A falsefalse45false0us-gaap_SharesIssuedus-gaaptruenainstantNo definition available.falsefalsefalsetruefalsefalsefalsefalsetruefalseperiodendlabelinstant2010-12-31T00:00:000001-01-01T00:00:001truefalsefalse568560669568560669falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8falsefalsefalse00falsefalsefalsefalsefalseSharesxbrli:sharesItemTypesharesNumber of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury.No authoritative reference available.falsefalse845Consolidated Statements of Equity (USD $)ThousandsNoRoundingUnKnownUnKnownfalsetrue XML 32 R23.xml IDEA: Income Taxes 2.2.0.25falsefalse11601 - Disclosure - Income Taxestruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0ivn_IncomeTaxDisclosureAbstractivnfalsenadurationNo definition availablefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition availablefalsefalse3false0us-gaap_IncomeTaxDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>16.</b> </td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>INCOME TAXES</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As referred to in Note 2(b), Ivanhoe Mines must make significant estimates in respect of its provision for income taxes and the composition of its deferred income tax assets and liabilities. Ivanhoe Mines' operations are, in part, subject to foreign tax laws where interpretations, regulations and legislation are complex and continually changing. As a result, there are usually some tax matters in question that may, upon resolution in the future, result in adjustments to the amount of deferred income tax assets and liabilities, and those adjustments may be material to Ivanhoe Mines' financial position and results of operations.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines' (recovery)&nbsp;provision for income and capital taxes for continuing operations consists of the following:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Years ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Deferred income taxes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(15,124</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(14,520</td> <td nowrap="nowrap">)</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Capital taxes</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,006</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,055</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(13,118</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(13,465</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>16.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>INCOME TAXES (Continued)</b> </div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Deferred income tax assets and liabilities for continuing operations at December&nbsp;31, 2010 and 2009 arise from the following:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Deferred income tax assets</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Long-term investments</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>60,380</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">42,642</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Loss carry-forwards</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>401,271</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">281,308</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>21,052</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">13,290</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>482,703</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">337,240</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Valuation allowance</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(465,814</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(330,287</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Net deferred income tax assets</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>16,889</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,953</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Deferred income tax liabilities</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Property, plant and equipment</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>11,123</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">10,888</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>11,123</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">10,888</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Deferred income tax assets (liabilities), net</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>5,766</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(3,935</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">A reconciliation of the provision for income and capital taxes for continuing operations is as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Years ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Recovery of income taxes based on the combined Canadian federal and provincial statutory tax rates of 28.5% in 2010 and 30.0% in 2009 applied to the net loss from continuing operations</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>65,887</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">86,997</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Deduct</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Lower foreign tax rates</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>2,705</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(3,696</td> <td nowrap="nowrap">)</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Tax benefit of losses not recognized</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(72,969</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(60,189</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Capital taxes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(2,006</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,055</td> <td nowrap="nowrap">)</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Foreign exchange and other</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>19,501</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(8,592</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Recovery for income and capital taxes</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>13,118</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">13,465</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>16.</b> </td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>INCOME TAXES (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">At December&nbsp;31, 2010, Ivanhoe Mines had the following unused tax losses from continuing operations:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="44%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Local</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">U.S. Dollar</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Expiry</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Currency</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Equivalent (i)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Dates</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Non-capital losses:</div></td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Canada</div></td> <td>&nbsp;</td> <td valign="top" colspan="3" align="right">Canadian</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">249,258</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">249,757</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" nowrap="nowrap" align="right">2011 to 2030</td> <td valign="top">&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Australia</div></td> <td>&nbsp;</td> <td valign="top" colspan="3" align="right">Australian</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">207,869</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">212,712</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" nowrap="nowrap" align="left">&nbsp;</td> <td valign="top" align="center">(a)</td> <td valign="top" nowrap="nowrap">&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Mongolia</div></td> <td>&nbsp;</td> <td valign="top" colspan="3" nowrap="nowrap" align="right">Mongolian Tugrik</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">2,457,256,318</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">1,951,752</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" nowrap="nowrap" align="left">&nbsp;</td> <td valign="top" align="center">(b)</td> <td valign="top" nowrap="nowrap">&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Mongolia</div></td> <td>&nbsp;</td> <td valign="top" colspan="3" nowrap="nowrap" align="right">Mongolian Tugrik</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">42,793,003</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">33,990</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" nowrap="nowrap" align="center">2011 to 2020</td> <td valign="top">&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Mongolia</div></td> <td>&nbsp;</td> <td valign="top" colspan="3" align="right">Mongolian Tugrik</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">61,570,681</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">48,904</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" nowrap="nowrap" align="center">2011 to 2018</td> <td valign="top">&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Indonesia</div></td> <td>&nbsp;</td> <td valign="top" colspan="3" nowrap="nowrap" align="right">Indonesian Rupiah</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">101,038,528</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">11,231</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" nowrap="nowrap" align="center">2011 to 2015</td> <td valign="top">&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Hong Kong</div></td> <td>&nbsp;</td> <td valign="top" colspan="3" align="right">Hong Kong</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">46,272</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">5,953</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" nowrap="nowrap" align="left">&nbsp;</td> <td valign="top" align="center">(c)</td> <td valign="top" nowrap="nowrap">&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Capital losses:</div></td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">&nbsp;</td> <td valign="top" align="right">&nbsp;</td> <td valign="top">&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Canada</div></td> <td>&nbsp;</td> <td valign="top" colspan="3" align="right">Canadian</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">26,970</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" align="left">$</td> <td valign="top" align="right">27,024</td> <td valign="top">&nbsp;</td> <td>&nbsp;</td> <td valign="top" nowrap="nowrap" align="left">&nbsp;</td> <td valign="top" align="center">(d)</td> <td valign="top" nowrap="nowrap">&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(i)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Translated using the year-end exchange rate.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(a)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">These losses are carried forward indefinitely, subject to continuity of ownership and business tests.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(b)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">These losses are carried forward until production from a mine commences; thereafter, they can be amortized on a straight-line basis.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(c)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">These losses are carried forward indefinitely.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(d)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">These losses are carried forward indefinitely for utilization against future net realized capital gains.</div></td></tr></table> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="4%" nowrap="nowrap" align="left">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines also has deductible temporary differences and unused tax losses in certain other foreign jurisdictions that are not disclosed above, as it is currently highly unlikely that these items will be utilized.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="4%" nowrap="nowrap" align="left">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines had no unrecognized tax benefits as of December&nbsp;31, 2010 and 2009. Under current conditions and expectations, management does not foresee any significant changes in unrecognized tax benefits that would have a material impact on the Company's financial statements.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="4%" nowrap="nowrap" align="left">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">During 2010 and 2009, Ivanhoe Mines did not recognize any accrued interest or penalties related to unrecognized tax benefits within the statement of operations or balance sheet.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="4%" nowrap="nowrap" align="left">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Ivanhoe Mines is subject to taxes in Canada, Mongolia, Australia and various foreign countries. The tax years of major tax jurisdictions which remain subject to examination as of December&nbsp;31, 2010 are as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="86%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Canada</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="right">2003 to 2010</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Mongolia</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="right">2005 to 2010</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Australia</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="right">2006 to 2010</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p></div> </div>16. &nbsp; INCOME TAXES &nbsp; &nbsp; As referred to in Note 2(b), Ivanhoe Mines must make significant estimates in respect of its provision forfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescription containing the entire income tax disclosure. Examples include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 falsefalse12Income TaxesUnKnownUnKnownUnKnownUnKnownfalsetrue XML 33 defnref.xml IDEA: XBRL DOCUMENT No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Transaction costs on issuance of convertible debenture. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Number of shares issued in exchange for consulting services during the period. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Increase in beneficial conversion feature during the reporting period. No authoritative reference available. Value of shares issued during the period from the exercise of share purchase warrants. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. This item represents the total unrealized gain (loss) included in earnings for the period as a result of holding debt securities categorized as trading, including the unrealized holding gain or loss of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain or loss which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any losses recognized for other than temporary impairments of the subject investments in debt securities. No authoritative reference available. This item represents the total realized gain (loss) included in earnings for the period as a result of selling investments in certain debt securities. No authoritative reference available. No authoritative reference available. No authoritative reference available. The amount of income (loss) derived from discontinued operations during the period, net of related tax effect, per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No authoritative reference available. Net increase (decrease) in balance of noncontrolling interest during the reporting period. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The total amount of investments in equity securities that are intended to be held for an extended period of time (longer than one operating cycle). No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Summary of exploration expenditures by location during the reporting period. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Direct costs associated with the issuance of stock. No authoritative reference available. This item represents the entire disclosure related to investments in equity securities that are intended to be held for an extended period of time (longer than one operating cycle). No authoritative reference available. This item represents the entire disclosure related to investments in debt securities that are intended to be held for an extended period of time (longer than one operating cycle). No authoritative reference available. Value of shares issued during the period to employees as bonus shares. No authoritative reference available. Includes disclosure of the total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Adjustment to deficit associated with the initial recognition of a rights offering derivative liability during the reporting period. No authoritative reference available. Value of shares issued in exchange for consulting services during the period. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Direct costs associated with the issuance of stock upon the exercise of share purchase warrants. No authoritative reference available. No authoritative reference available. No authoritative reference available. The average number of shares or units issued and outstanding that are used in calculating basic and diluted EPS. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The cash inflow associated with the disposal of long-term investments in debt securities during the reporting period. No authoritative reference available. No authoritative reference available. No authoritative reference available. Share purchase warrants are equity instruments that give the holder the right to purchase common shares from the issuer at a specific price within a certain time frame. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Exploration expenditures relate to the initial search for deposits with economic potential, including costs incurred at both greenfield sites (sites where there are not any mineral deposits that are already being mined or developed) and brownfield sites (sites that are adjacent to a mineral deposit that is classified within proven and probable reserves as defined by United States reporting standards and are already being mined or developed). Exploration expenditures relate to costs incurred to evaluate and assess deposits that have been identified as having economic potential, including exploratory drilling. No authoritative reference available. No authoritative reference available. No authoritative reference available. The cash outflow associated with the purchase of long-term investments in debt securities during the reporting period. No authoritative reference available. The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Net change in the fair value of embedded derivatives, that was included in earnings in the period. No authoritative reference available. No authoritative reference available. No authoritative reference available. This item represents the total unrealized gain (loss) included in earnings for the period as a result of holding equity securities categorized as trading, including the unrealized holding gain or loss of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain or loss which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any losses recognized for other than temporary impairments of the subject investments in equity securities. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The entire disclosure of convertible credit facilities. No authoritative reference available. The cash inflow associated with the sale of other mineral property rights during the reporting period. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Number of shares issued during the period to employees as bonus shares. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The maximum number of common shares permitted to be issued by an entity's charter and bylaws. No authoritative reference available. The total amount of investments in debt securities that are intended to be held for an extended period of time (longer than one operating cycle). No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The entire disclosure of the components of short-term investments. Short-term investments may include current marketable securities. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The cash outflow associated with the purchase of long-term investments in equity securities during the reporting period. No authoritative reference available. Number of shares issued during the period from the exercise of share purchase warrants. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The cash inflow associated with the disposal of long-term investments in equity securities during the reporting period. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The amount of other than temporary impairment (OTTI) losses on equity securities, OTTI related to credit losses on debt securities, and OTTI losses on debt securities when the entity intends to sell the securities or it is more likely than not that the entity will be required to sell the securities before recovery of its amortized cost basis. Additionally, this item includes OTTI losses recognized during the period on investments accounted for under the cost method of accounting. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. XML 34 R21.xml IDEA: Amounts Due Under Credit Facilities 2.2.0.25falsefalse11401 - Disclosure - Amounts Due Under Credit Facilitiestruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_LineOfCreditFacilityAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>14.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>AMOUNTS DUE UNDER CREDIT FACILITIES</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;"><i>Current</i></div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Non-revolving bank loans (a)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>14,615</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">14,544</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Revolving line of credit facility (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3,000</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>14,615</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">17,544</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;"><i>Non-Current</i></div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Two-year extendible loan facility (c)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>40,080</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">37,979</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(a)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">In October&nbsp;2007, Ivanhoe Mines obtained non-revolving bank loans which are due on demand and secured against certain securities and other investments.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(b)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">In December&nbsp;2009, Ivanhoe Mines obtained a one year revolving line of credit facility, which is secured against certain equipment in Mongolia.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(c)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">In April&nbsp;2009, Ivanhoe Mines obtained a non-revolving, two-year extendible loan facility, which is secured against certain securities and other investments.</div></td></tr></table></div> </div>14. &nbsp; AMOUNTS DUE UNDER CREDIT FACILITIES &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; DecemberfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element may be used to capture the complete disclosure pertaining to short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph f -Article 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 falsefalse12Amounts Due Under Credit FacilitiesUnKnownUnKnownUnKnownUnKnownfalsetrue XML 35 R13.xml IDEA: Short-Term Investments 2.2.0.25falsefalse10601 - Disclosure - Short-Term Investmentstruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_ShortTermInvestmentsAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0ivn_ShortTermInvestmentsDisclosureTextBlockivnfalsenadurationThe entire disclosure of the components of short-term investments. Short-term investments may include current marketable...falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>6.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHORT-TERM INVESTMENTS</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Short-term investments at December&nbsp;31, 2010 included SouthGobi's balance of $17.5&nbsp;million (December&nbsp;31, 2009 &#8212; $15.0&nbsp;million) and Ivanhoe Australia's balance of $80.8&nbsp;million (December&nbsp;31, 2009 &#8212; $nil), which were not available for Ivanhoe Mines' general corporate purposes.</div></td></tr></table></div></div> </div>6. &nbsp; SHORT-TERM INVESTMENTS &nbsp; &nbsp; Short-term investments at December&nbsp;31, 2010 included SouthGobi's balance of $17.5&nbsp;millionfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThe entire disclosure of the components of short-term investments. Short-term investments may include current marketable securities.No authoritative reference available.falsefalse12Short-Term InvestmentsUnKnownUnKnownUnKnownUnKnownfalsetrue XML 36 R26.xml IDEA: Accumulated Other Comprehensive Income 2.2.0.25falsefalse11901 - Disclosure - Accumulated Other Comprehensive Incometruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_ComprehensiveIncomeNoteAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_ComprehensiveIncomeNoteTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <b><font style="font-size: 11pt;" class="_mt"> </font></b> <div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>19.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>ACCUMULATED OTHER COMPREHENSIVE INCOME</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accumulated OCI at beginning of year:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Long-term investments, net of tax of $1,896, $nil</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>17,763</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(8,635</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other long-term investments, net of tax of $nil, $nil</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(27,448</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Currency translation adjustment, net of tax of $nil, $nil</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(6,015</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(18,256</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Noncontrolling interests</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>1,122</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,669</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(14,578</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(24,222</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other comprehensive income (loss)&nbsp;for the year:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Changes in fair value of long-term investments</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>39,801</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">29,718</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Changes in fair value of other long-term investments</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(9,732</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(27,448</td> <td nowrap="nowrap">)</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Currency translation adjustments</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>29,054</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">12,241</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Noncontrolling interests (Note 20)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(7,145</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,547</td> <td nowrap="nowrap">)</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Less: reclassification adjustments for (gains)&nbsp;losses recorded in earnings:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Investments:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 45px;">Other than temporary impairment charges</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>3</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 45px;">Gains realized on sale</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>&#8212;</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,424</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other comprehensive income, before tax</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>51,981</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">11,540</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Income tax expense related to OCI</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(4,328</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,896</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Other comprehensive income, net of tax</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>47,653</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9,644</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Accumulated OCI at end of year:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Long-term investments, net of tax of $6,224, $1,896</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>53,239</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">17,763</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Other long-term investments, net of tax of $nil, $nil</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(37,180</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(27,448</td> <td nowrap="nowrap">)</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Currency translation adjustment, net of tax of $nil, $nil</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>23,039</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(6,015</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Noncontrolling interests (Note 20)</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>(6,023</b></td> <td nowrap="nowrap"><b>)</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,122</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 30px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>33,075</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td align="right">(14,578</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; 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A noncurrent taxable temporary difference is a difference between the tax basis and the carrying amount of a noncurrent asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise shall separate deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets shall be classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, shall be classified according to the expected reversal date of the temporary difference.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 41, 42 falsefalse27false0us-gaap_MineReclamationAndClosingLiabilityNoncurrentus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse4083800040838falsefalsefalsefalsefalse2truefalsefalse54360005436falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryAmount of a reclamation and mine closing liability that is associated with a legal obligation for the closure and reclamation of a mine including the removal of buildings, equipment, machinery and other physical remnants of mining, closure of tailings impoundments, leach pads and other mine features, and contouring, covering and revegetation of waste rock piles and other disturbed areas.No authoritative reference available.falsefalse28false0us-gaap_Liabilitiesus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse14020310001402031falsefalsefalsefalsefalse2truefalsefalse10555930001055593falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetarySum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.No authoritative reference available.truefalse29false0us-gaap_CommitmentsAndContingencies2009us-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00&nbsp;&nbsp;falsefalsefalsefalsefalse2falsefalsefalse00&nbsp;&nbsp;falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringRepresents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. 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Note: elements for number of common shares, par value and other disclosure concepts are in another section within stockholders' equity.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5 falsefalse32false0ivn_SharePurchaseWarrantsivnfalsecreditinstantShare purchase warrants are equity instruments that give the holder the right to purchase common shares from the issuer at a...falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse1183200011832falsefalsefalsefalsefalse2truefalsefalse2738600027386falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryShare purchase warrants are equity instruments that give the holder the right to purchase common shares from the issuer at a specific price within a certain time frame.No authoritative reference available.falsefalse33false0us-gaap_OtherAdditionalCapitalus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00falsefalsefalsefalsefalse2truefalsefalse3025000030250falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThis element represents additional paid-in capital other than attributable to capital contributed by shareholders in excess of the par or stated value of the common or preferred stock issued by an entity. 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Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 31 -Article 5 falsefalse35false0us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse3307500033075falsefalsefalsefalsefalse2truefalsefalse-14578000-14578falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryAccumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at fiscal year-end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, and unrealized gains and losses on certain investments in debt and equity securities as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 130 -Paragraph 14, 17, 26 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 31 -Article 5 falsefalse36false0us-gaap_RetainedEarningsAccumulatedDeficitus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalselabel1truefalsefalse-2913576000-2913576falsefalsefalsefalsefalse2truefalsefalse-1800179000-1800179falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cumulative amount of the reporting entity's undistributed earnings or deficit.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 31 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 falsefalse37false0us-gaap_StockholdersEquityus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse18138330001813833falsefalsefalsefalsefalse2truefalsefalse478136000478136falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryTotal of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A3 -Appendix A Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 truefalse38false0us-gaap_MinorityInterestus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse26100002610falsefalsefalsefalsefalse2truefalsefalse952000952falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryTotal of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 27 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 20 -Article 7 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 26 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A3 -Appendix A falsefalse39false0us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse18164430001816443falsefalsefalsefalsefalse2truefalsefalse479088000479088falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryTotal of Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. 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$Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_StockholdersEquityNoteAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_StockholdersEquityNoteDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>18.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHARE CAPITAL</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Equity Incentive Plan</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company has an Employees' and Directors' Equity Incentive Plan (the "Equity Incentive Plan"), which includes three components: (i)&nbsp;a Share Option Plan; (ii)&nbsp;a Share Bonus Plan; and (iii)&nbsp;a Share Purchase Plan.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(i)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Share Option Plan authorizes the Board of Directors of the Company to grant options to directors and employees of Ivanhoe Mines to acquire Common Shares of the Company at a price based on the weighted average trading price of the Common Shares for the five days preceding the date of the grant. Options vest over four years and have seven year contractual terms unless otherwise determined from time to time by the Board of Directors, on the recommendation of the Compensation and Benefits Committee. The Share Option Plan also provides that these options may, upon approval of the Board of Directors, be converted into stock appreciation rights.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(ii)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Share Bonus Plan permits the Board of Directors of the Company to authorize the issuance, from time to time, of Common Shares of the Company to employees of the Company and its affiliates.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(iii)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Share Purchase Plan entitles each eligible employee of Ivanhoe Mines to contribute up to seven percent of each employee's annual basic salary in semi-monthly instalments. At the end of each calendar quarter, each employee participating in the Share Purchase Plan is issued Common Shares of the Company equal to 1.5 times the aggregate amount contributed by the participant, based on the weighted average trading price of the Common Shares during the preceding three months.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>18.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHARE CAPITAL (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Equity Incentive Plan (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The Company is authorized to issue a maximum of 6.5% of the issued and outstanding Common Shares (December&nbsp;31, 2010 &#8212; 36,956,443) pursuant to the Equity Incentive Plan. At December&nbsp;31, 2010, an aggregate of 20,244,373 Common Shares were available for future grants of awards under the plan.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model. The Black-Scholes option-pricing model requires the input of subjective assumptions, including the expected term of the option award and stock price volatility. The expected term of options granted is derived from historical data on employee exercise and post-vesting employment termination behaviour. Expected volatility is based on the historical volatility of the Company's stock. These estimates involve inherent uncertainties and the application of management judgment. In addition, the Company is required to estimate the expected forfeiture rate and only recognize expense for those options expected to vest. As a result, if other assumptions had been used, the recorded stock-based compensation expense could have been materially different from that reported.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The weighted average grant-date fair value of stock options granted during 2010 and 2009 was Cdn$9.08 and Cdn$5.08, respectively. The fair value of these options was determined using a Black-Scholes option pricing model, recognizing forfeitures as they occur, using the following weighted average assumptions:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Risk-free interest rate</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>2.42</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">2.10</td> <td nowrap="nowrap">%</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Expected life</div></td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right"><b>3.6 years</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">3.7 years</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Expected volatility</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right"><b>77</b></td> <td nowrap="nowrap"><b>%</b></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">74</td> <td nowrap="nowrap">%</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Expected dividends</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left"><b>$</b></td> <td nowrap="nowrap" align="right"><b>Nil</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">$</td> <td nowrap="nowrap" align="right">Nil</td> <td>&nbsp;</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>18.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHARE CAPITAL (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Equity Incentive Plan (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">A summary of stock option activity and information concerning outstanding and exercisable options at December&nbsp;31, 2010 is as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="58%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Options</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Weighted</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Available</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Options</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Average</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">for Grant</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Outstanding</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Exercise Price</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">(Expressed in</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Canadian dollars)</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balances, December&nbsp;31, 2008</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">439,893</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">18,810,470</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9.04</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Increase in amount authorized</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">9,500,794</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Options granted</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(9,400,500</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">9,400,500</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">9.59</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Options exercised</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(867,500</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">7.47</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Options cancelled</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,185,200</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(6,185,200</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">10.77</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Bonus shares</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(125,000</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Shares issued under share purchase plan</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(104,566</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balances, December&nbsp;31, 2009</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,495,821</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">21,158,270</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">8.84</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Increase in amount authorized</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">16,560,424</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Options granted</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,337,500</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">1,337,500</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">15.70</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Options exercised</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(5,639,650</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">8.63</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Options cancelled</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">144,050</td> <td>&nbsp;</td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(144,050</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">8.99</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Bonus shares</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(1,581,578</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">Shares issued under share purchase plan</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">(36,844</td> <td nowrap="nowrap">)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Balances, December&nbsp;31, 2010</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">20,244,373</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">16,712,070</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9.45</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">At December&nbsp;31, 2010, the U.S. dollar equivalent of the weighted average exercise price was $9.47 (December&nbsp;31, 2009 &#8212; $8.39).</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The total intrinsic value of options exercised during the years ended December&nbsp;31, 2010 and 2009 was $71.7&nbsp;million and $4.7&nbsp;million, respectively.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, options vested and expected to vest totalled 16,712,070 (December&nbsp;31, 2009 &#8212; 21,158,270) and had an aggregate intrinsic value of $226.9 million (December&nbsp;31, 2009 &#8212; $132.1&nbsp;million).</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>18.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHARE CAPITAL (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Equity Incentive Plan (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The following table summarizes information concerning outstanding and exercisable options at December&nbsp;31, 2010:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="30%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="10" nowrap="nowrap" align="center">Options Outstanding</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Options Exercisable</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Weighted</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Weighted</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Weighted</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td nowrap="nowrap" align="left">Range of</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Average</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Average</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Average</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td nowrap="nowrap" align="left">Exercise</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Number</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Remaining</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Exercise Price</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Number</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Exercise Price</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="left">Prices</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Outstanding</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Life (in years)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Per Share</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Exercisable</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Per Share</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td nowrap="nowrap" align="left">(Expressed in</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">(Expressed in</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">(Expressed in</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td nowrap="nowrap" align="left">Canadian</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Canadian</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">Canadian</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td nowrap="nowrap" align="left">dollars)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">dollars)</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">dollars)</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">$2.82 to $7.03</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,575,345</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4.82</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">3.29</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">631,810</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">3.12</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">$7.04 to $8.20</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,502,625</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4.79</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">8.10</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,347,500</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">8.01</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">$8.21 to $8.96</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,214,100</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">3.48</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">8.46</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">470,350</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">8.41</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">$8.97 to $12.62</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,789,300</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2.36</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">10.02</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">2,298,100</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">9.92</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">$12.63 to $26.04</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4,630,700</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">5.44</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">14.33</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">730,700</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">13.72</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">16,712,070</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">4.40</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">9.45</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">6,478,460</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">8.88</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010 there was $37.1&nbsp;million of total unrecognized compensation cost related to unvested stock options. This cost is expected to be recognized over a weighted-average period of approximately 1.3&nbsp;years.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010 the aggregate intrinsic value for fully vested stock options was $91.6&nbsp;million (December&nbsp;31, 2009 &#8212; $48.1&nbsp;million).</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Upon the closing of the rights offering (Note 18 (d)), the outstanding stock options were adjusted. Specifically, the number of stock options outstanding was increased to 19,206,493.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Stock-based compensation charged to operations was allocated between exploration expenses and general and administrative expenses as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Year ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Exploration (i)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>33,019</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">21,937</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">General and administrative</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>31,936</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">13,898</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>64,955</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">35,835</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="8%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="88%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">(i)</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2010, stock-based compensation of $17.1&nbsp;million (2009 &#8212; $nil) relating to the development of the Oyu Tolgoi Project was capitalized as property, plant and equipment.</div></td></tr></table> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>18.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHARE CAPITAL (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(a)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Equity Incentive Plan (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Stock-based compensation charged to operations was incurred by Ivanhoe Mines as follows:</div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">Year ended December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Ivanhoe Mines Ltd. (i)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>42,855</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">21,507</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">SouthGobi Resources Ltd.</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>12,062</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">7,019</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Ivanhoe Australia Ltd.</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>10,038</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">7,309</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>64,955</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">35,835</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="8%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="88%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(i)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;">During 2010, stock-based compensation of $17.1&nbsp;million (2009 &#8212; $nil) relating to the development of the Oyu Tolgoi Project was capitalized as property, plant and equipment.</div></td></tr></table> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(b)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Rio Tinto Placements</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In 2006, the Company and Rio Tinto formed a strategic partnership and entered into a private placement agreement whereby Rio Tinto would invest in Ivanhoe Mines. In October&nbsp;2006, Rio Tinto completed the first private placement tranche by purchasing approximately 37.1&nbsp;million shares at a price of $8.18 per share for total proceeds of $303.4&nbsp;million. The second private placement tranche was completed in October&nbsp;2009, whereby Rio Tinto purchased 46.3&nbsp;million shares at a price of $8.38 per share for total proceeds of $388.0&nbsp;million. As a result of completing the second tranche, the $5.2 million carrying amount of the share issuance commitment was reclassified to share capital.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In addition to the first and second private placement tranches, Rio Tinto was granted 92.1&nbsp;million warrants in 2006, divided into two series (Series&nbsp;A and Series&nbsp;B). In June&nbsp;2010, Rio Tinto exercised its entire allotment of Series&nbsp;A Warrants. Pursuant to the exercise of the Series&nbsp;A Warrants, the Company issued 46.0&nbsp;million shares to Rio Tinto at $8.54 per share for total proceeds of $393.1&nbsp;million. As a result, the $8.9 million carrying value of the Series&nbsp;A Warrants was reclassified from share purchase warrants to share capital.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In December&nbsp;2010, Rio Tinto exercised 33.8&nbsp;million Series&nbsp;B Warrants. Pursuant to the partial exercise of the Series&nbsp;B Warrants, the Company issued 33.8&nbsp;million shares to Rio Tinto at $8.88 per share for total proceeds of $300.0&nbsp;million. As a result, $6.6 million of the carrying value of the Series&nbsp;B Warrants was reclassified from share purchase warrants to share capital.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>18.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHARE CAPITAL (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(b)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Rio Tinto Placements (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, 12.2&nbsp;million Series&nbsp;B Warrants were outstanding. Each warrant is non-transferable and entitles Rio Tinto to purchase one common share of the Company at a price of:</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(i)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">$8.88 during the period commencing 366&nbsp;days after the warrant determination date and ending 545&nbsp;days after the warrant determination date; and</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="8%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">(ii)</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">$9.02 during the period commencing 546&nbsp;days after the warrant determination date and ending 725&nbsp;days after the warrant determination date.</div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The warrant determination date is the earlier of the date an approved Investment Agreement is reached or October&nbsp;27, 2009.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Upon the closing of the rights offering (Note 18 (d)), the outstanding Series&nbsp;B Warrants were adjusted. Specifically, the number of Series&nbsp;B Warrants outstanding was increased to 14.1&nbsp;million, the minimum exercise price was reduced from $8.88 to $8.37 and the maximum exercise price was reduced from $9.02 to $8.51.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">During 2008, Rio Tinto received 243,772 shares and 1.4&nbsp;million additional share purchase warrants (the "Anti-Dilution Warrants"), divided into two series. In October 2010, Rio Tinto exercised 720,203 of its Anti-Dilution Warrants. Pursuant to the exercise of the Anti-Dilution Warrants, the Company issued 720,203 shares to Rio Tinto at Cdn$3.15 per share for total proceeds of $2.2&nbsp;million (Cdn$2.3&nbsp;million).</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, 720,203 Anti-Dilution Warrants were outstanding. The life of the remaining Anti-Dilution Warrants is identical to the Series&nbsp;B Warrants. Each Anti-Dilution Warrant entitles Rio Tinto to purchase one Common Share of the Company at a price of Cdn$3.15. Upon the closing of the rights offering (Note 18 (d)), the outstanding Anti-Dilution Warrants were adjusted. Specifically, the number of Anti-Dilution Warrants outstanding was increased to 827,706 and the exercise price reduced to Cdn$2.97.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Rio Tinto, as part of the Heads of Agreement between Ivanhoe Mines and Rio Tinto dated December&nbsp;8, 2010, committed to complete the exercise of its remaining Series&nbsp;B Warrants and Anti-Dilution Warrants by their scheduled October&nbsp;2011 expiry.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In March&nbsp;2010, the Company issued 15.0&nbsp;million shares to Rio Tinto at Cdn$16.31 per share for total proceeds of $241.1&nbsp;million (Cdn$244.7&nbsp;million) (Note 21 (b)).</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In September&nbsp;2010, the Company issued 40.1&nbsp;million shares to Rio Tinto upon the conversion of Rio Tinto's maturing convertible credit facility (Note 15 (a)&nbsp;and 21 (b)).</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, Rio Tinto's equity ownership in the Company was 40.3% (December&nbsp;31, 2009 &#8212; 19.7%).</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>18.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHARE CAPITAL (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(c)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Rio Tinto Financing</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">As part of the credit facility transaction disclosed in Note 15 (a), Rio Tinto received Series&nbsp;C Warrants exercisable to purchase up to 35.0&nbsp;million common shares of Ivanhoe Mines at a price of $10.00 per share at any time on or before October&nbsp;24, 2012. As at December&nbsp;31, 2010, 35.0&nbsp;million Series&nbsp;C Warrants were exercisable.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Rio Tinto, as part of the Heads of Agreement between Ivanhoe Mines and Rio Tinto dated December&nbsp;8, 2010, committed to complete the exercise of its entire allotment of Series C Warrants, progressively as required, by January&nbsp;18, 2012.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Upon the closing of the rights offering (Note 18 (d)), the outstanding Series&nbsp;C Warrants were adjusted. Specifically, the number of Series&nbsp;C Warrants outstanding was increased to 40.2&nbsp;million and the exercise price reduced to $9.43.<br /></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(d)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Rights Offering</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">In December&nbsp;2010, the Company filed a final short form prospectus for a rights offering open to all shareholders on a dilution-free, equal participation basis. In accordance with the terms of the rights offering, each shareholder of record as at December&nbsp;31, 2010 received one right for each common share held. Every 100 rights held entitled the holder thereof to purchase 15 common shares of the Company at $13.88 per share or Cdn$13.93 per share, at the election of the holder. The rights traded on the TSX, NYSE and NASDAQ and expired on January&nbsp;26, 2011.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Upon the closing of the rights offering, the Company issued a total of 84,867,671 common shares for gross proceeds of $1.18&nbsp;billion. Expenses and fees relating to the rights offering totalled approximately $27.1&nbsp;million.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">Under the terms of the rights offering, the monetary amount to be received by the Company upon the exercise of rights was not fixed. Each holder of rights could elect either the $13.88 or Cdn$13.93 subscription price. Furthermore, the Cdn$13.93 subscription price is not denominated in the Company's U.S. dollar functional currency. Therefore, the pro rata distribution of rights to the Company's shareholders was accounted for as a derivative financial liability measured at fair value.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">On December&nbsp;23, 2010, rights to be issued under the rights offering began trading on a "when issued" basis. On this date, the Company recognized a derivative financial liability of $901.9&nbsp;million associated with the Company's legal obligation to carry out the rights offering. Deficit was adjusted by a corresponding amount. Each reporting period the derivative financial liability is remeasured at fair value with changes being recognized in earnings. During 2010, Ivanhoe Mines recognized a derivative gain of $135.7&nbsp;million.</div></td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>18.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>SHARE CAPITAL (Continued)</b></div></td></tr></table></div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><i>(d)</i></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><i>Rights Offering (Continued)</i></div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The derivative financial liability is settled as rights are exercised or expire unexercised. The fair value of rights exercised shall be reclassified from the derivative financial liability to share capital at the time of exercise. The fair value of rights that expire unexercised shall be reclassified from the derivative financial liability to additional paid-in capital at the time of expiry.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="4%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left">&nbsp;</td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The fair value of the derivative financial liability was determined by reference to published market quotations for the rights.</div></td></tr></table></div></div> </div>18. &nbsp; SHARE CAPITAL &nbsp; (a) &nbsp; Equity Incentive Plan &nbsp; &nbsp; &nbsp; &nbsp; The Company has an Employees' and Directors' EquityfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDisclosures related to accounts comprising shareholders' equity, including other comprehensive income. Includes: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables; effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 5 -Paragraph 15 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C, E Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Chapter 1 -Section B -Paragraph 7, 11A Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 3, 4, 5, 6, 7, 8 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 falsefalse12Share CapitalUnKnownUnKnownUnKnownUnKnownfalsetrue XML 43 R7.xml IDEA: Consolidated Statements of Cash Flows 2.2.0.25falsefalse00400 - Statement - Consolidated Statements of Cash FlowstruefalseIn Thousandsfalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0Unit1Standardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2falsefalseUSDfalsefalse1/1/2009 - 12/31/2009 USD ($) USD ($) / shares $Duration_1_1_2009_To_12_31_2009http://www.sec.gov/CIK0001158041duration2009-01-01T00:00:002009-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0Unit1Standardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$3true0us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringThe net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. 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Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 15, 17 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Section Appendix C -Paragraph 5 -Subparagraph c falsefalse8false0ivn_PaymentsToAcquireLongTermInvestmentsEquitySecuritiesivnfalsecreditdurationThe cash outflow associated with the purchase of long-term investments in equity securities during the reporting period.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truefalsefalse-53109000-53109falsefalsefalsefalsefalse2truefalsefalse-30391000-30391falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash outflow associated with the purchase of long-term investments in equity securities during the reporting period.No authoritative reference available.falsefalse9false0ivn_PaymentsToAcquireLongTermInvestmentsDebtSecuritiesivnfalsecreditdurationThe cash outflow associated with the purchase of long-term investments in debt securities during the reporting period.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truefalsefalse-94999000-94999falsefalsefalsefalsefalse2truefalsefalse-147449000-147449falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash outflow associated with the purchase of long-term investments in debt securities during the reporting period.No authoritative reference available.falsefalse10false0ivn_ProceedsFromSaleOfOtherMineralPropertyRightsivnfalsedebitdurationThe cash inflow associated with the sale of other mineral property rights during the reporting period.falsefalsefalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00falsefalsefalsefalsefalse2truefalsefalse30000003000falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash inflow associated with the sale of other mineral property rights during the reporting period.No authoritative reference available.falsefalse11false0us-gaap_ProceedsFromSaleOfShortTermInvestmentsus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse1500000015000falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash inflow from securities or other assets sold, having ready marketability and intended by management to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Section Appendix C -Paragraph 5 -Subparagraph c Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 15, 16 falsefalse12false0ivn_ProceedsFromSaleOfLongTermInvestmentsEquitySecuritiesivnfalsedebitdurationThe cash inflow associated with the disposal of long-term investments in equity securities during the reporting period.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse39000003900falsefalsefalsefalsefalse2truefalsefalse38440003844falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash inflow associated with the disposal of long-term investments in equity securities during the reporting period.No authoritative reference available.falsefalse13false0ivn_ProceedsFromSaleOfLongTermInvestmentsDebtSecuritiesivnfalsedebitdurationThe cash inflow associated with the disposal of long-term investments in debt securities during the reporting period.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse3025400030254falsefalsefalsefalsefalse2truefalsefalse22360002236falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash inflow associated with the disposal of long-term investments in debt securities during the reporting period.No authoritative reference available.falsefalse14false0us-gaap_PaymentsToAcquirePropertyPlantAndEquipmentus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truefalsefalse-675198000-675198falsefalsefalsefalsefalse2truefalsefalse-38975000-38975falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 15 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 17 -Subparagraph c falsefalse15false0us-gaap_IncreaseDecreaseInDepositOtherAssetsus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truefalsefalse-18889000-18889falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe aggregate net change during the reporting period in moneys given as security, collateral, or margin deposits.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 falsefalse16false0us-gaap_PaymentsForProceedsFromOtherInvestingActivitiesus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truefalsefalse10270001027falsefalsefalsefalsefalse2truefalsefalse172000172falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net cash outflow (inflow) from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 15 falsefalse17false0us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse-866416000-866416falsefalsefalsefalsefalse2truefalsefalse-183837000-183837falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net cash from (used in) the entity's investing activities specifically EXCLUDING the cash flows derived by the entity from its discontinued operations, if any. This element is only to be used when the entity reports its cash flows attributable to discontinued operations separately from the cash flow provided by or used in investing activities. Such reporting would necessitate the entity to use the Net Cash Provided by (Used in) Discontinued Operations, Total element provided in the taxonomy.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 26 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 26 -Footnote 10 truefalse18false0us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperationsus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalse2truefalsefalse-6511000-6511falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThis element represents cash provided by (used in) the investing activities of the entity's discontinued operations during the period. This element should only be used by those entities that separately report cash flows attributable to discontinued operations. If using this element, it is an indication that the cash flows of the entity which are detailed in reconciling to cash provided by or used in investing activities reflect only cash flows attributable to continuing operations.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 26 falsefalse19false0us-gaap_NetCashProvidedByUsedInInvestingActivitiesus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse-866416000-866416falsefalsefalsefalsefalse2truefalsefalse-190348000-190348falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net cash inflow (outflow) from investing activity.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 26 truefalse20true0us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse21false0us-gaap_ProceedsFromIssuanceOfCommonStockus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalselabel1truefalsefalse785203000785203falsefalsefalsefalsefalse2truefalsefalse392877000392877falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash inflow from the additional capital contribution to the entity.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 19 -Subparagraph a falsefalse22false0us-gaap_ProceedsFromConvertibleDebtus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00falsefalsefalsefalsefalse2truefalsefalse485000000485000falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash inflow from the issuance of debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 19 -Subparagraph b falsefalse23false0us-gaap_ProceedsFromIssuanceOfSecuredDebtus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00falsefalsefalsefalsefalse2truefalsefalse3757500037575falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash inflow from the issuance of collateralized debt obligation (backed by pledge, mortgage or other lien in the entity's assets).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 19 -Subparagraph b falsefalse24false0us-gaap_RepaymentsOfSecuredDebtus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truefalsefalse-3244000-3244falsefalsefalsefalsefalse2truefalsefalse-2193000-2193falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash outflow from the payment of collateralized debt obligation (backed by pledge, mortgage or other lien in the entity's assets).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 20 -Subparagraph b falsefalse25false0us-gaap_IncreaseDecreaseInDeferredChargesus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1falsefalsefalse00falsefalsefalsefalsefalse2truefalsefalse-4565000-4565falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net change during the reporting period in the value of expenditures made during the current reporting period for benefits that will be received over a period of years. Deferred charges differ from prepaid expenses in that they usually extend over a long period of time and may or may not be regularly recurring costs of operation.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 falsefalse26false0us-gaap_PaymentsToMinorityShareholdersus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truefalsefalse-10387000-10387falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash outflow to return capital to noncontrolled interest, which generally occurs when noncontrolling shareholders reduce their ownership stake (in a subsidiary of the entity). This element does not include dividends paid to noncontrolling shareholders.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 20 -Subparagraph a falsefalse27false0us-gaap_ProceedsFromMinorityShareholdersus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse655417000655417falsefalsefalsefalsefalse2truefalsefalse38970003897falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash inflow contributed by noncontrolled interest that purchase additional shares or otherwise increase their ownership stake in a subsidiary of the entity.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 19 -Subparagraph a falsefalse28false0us-gaap_NetCashProvidedByUsedInFinancingActivitiesus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse14269890001426989falsefalsefalsefalsefalse2truefalsefalse912591000912591falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net cash inflow (outflow) from financing activity for the period.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 26 truefalse29false0us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalselabel1truefalsefalse3191100031911falsefalsefalsefalsefalse2truefalsefalse4272900042729falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe effect of exchange rate changes on cash balances held in foreign currencies.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 25 falsefalse30false0us-gaap_CashAndCashEquivalentsPeriodIncreaseDecreaseus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse298208000298208falsefalsefalsefalsefalse2truefalsefalse581713000581713falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net change between the beginning and ending balance of cash and cash equivalents.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 26 truefalse31false0us-gaap_CashAndCashEquivalentsAtCarryingValueus-gaaptruedebitinstantNo definition available.falsefalsefalsefalsefalsefalsefalsetruefalsefalseperiodstartlabel1truefalsefalse965823000965823falsefalsefalsefalsefalse2truefalsefalse384110000384110falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryIncludes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7, 26 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 8, 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7 -Footnote 1 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 falsefalse32false0us-gaap_CashAndCashEquivalentsAtCarryingValueus-gaaptruedebitinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsetruefalseperiodendlabel1truefalsefalse12640310001264031falsefalsefalsefalsefalse2truefalsefalse965823000965823falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryIncludes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7, 26 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 8, 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7 -Footnote 1 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 falsefalse33true0us-gaap_CashAndCashEquivalentsAtCarryingValueAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse34false0us-gaap_Cashus-gaaptruedebitinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse790202000790202falsefalsefalsefalsefalse2truefalsefalse277103000277103falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryUnrestricted cash available for day-to-day operating needs.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7 -Footnote 1 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 falsefalse35false0us-gaap_CashEquivalentsAtCarryingValueus-gaaptruedebitinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse473829000473829falsefalsefalsefalsefalse2truefalsefalse688720000688720falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryCash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash equivalents may be reported as cash equivalents, while legally restricted equivalents held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular equivalents should not be reported as part of unrestricted cash equivalents.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 8, 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 falsefalse36false0us-gaap_CashAndCashEquivalentsAtCarryingValueus-gaaptruedebitinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse12640310001264031falsetruefalsefalsefalse2truefalsefalse965823000965823falsetruefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryIncludes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7, 26 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 8, 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7 -Footnote 1 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 truefalse234Consolidated Statements of Cash Flows (USD $)ThousandsUnKnownUnKnownUnKnownfalsetrue XML 44 R17.xml IDEA: Other Long-Term Investments 2.2.0.25falsefalse11001 - Disclosure - Other Long-Term Investmentstruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0001158041duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0ivn_LongTermInvestmentsDebtSecuritiesAbstractivnfalsenadurationNo definition availablefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition availablefalsefalse3false0ivn_LongTermInvestmentsDebtSecuritiesTextBlockivnfalsenadurationThis item represents the entire disclosure related to investments in debt securities that are intended to be held for an...falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>10.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>OTHER LONG-TERM INVESTMENTS</b></div></td></tr></table></div> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="72%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center">December 31,</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">2009</td> <td>&nbsp;</td></tr> <tr valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Long-Term Notes (a)</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>29,763</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">24,689</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Government of Mongolia Treasury Bill (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>80,394</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">73,152</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Government of Mongolia tax prepayment (b)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>36,486</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">&#8212;</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Money Market investments (c)</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right"><b>45,173</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="right">47,194</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td align="left"><b>$</b></td> <td align="right"><b>191,816</b></td> <td>&nbsp;</td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">145,035</td> <td>&nbsp;</td></tr> <tr style="font-size: 1px;"><td> <div style="text-indent: -15px; margin-left: 15px;">&nbsp;</div></td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right">&nbsp;</td> <td>&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(a)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;"><i>Long-Term Notes</i></div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, the Company held $65.0&nbsp;million principal amount of Long-Term Notes (received in 2009 upon completion of the Asset-Backed Commercial Paper restructuring) which was recorded at a fair value of $29.8&nbsp;million. The decrease from December&nbsp;2009 in principal of $0.2&nbsp;million was due to principal redemptions ($3.2 million), offset by the strengthening of the Canadian dollar ($3.0&nbsp;million). The Company has designated the Long-Term Notes as held-for-trading. The Long-Term Notes are recorded at fair value with unrealized holding gains and losses included in earnings.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">There is a significant amount of uncertainty in estimating the amount and timing of cash flows associated with the Long-Term Notes. The Company has estimated the fair value of the Long-Term Notes considering information provided on the restructuring, the best available public information regarding market conditions and other factors that a market participant would consider for such investments.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Company is aware of a limited number of trades in the Long-Term Notes that occurred prior to December&nbsp;31, 2010, but does not consider them to be of sufficient volume or value to constitute an active market. Accordingly, the Company has not used these trades to determine the fair value of its notes.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Company has used a discounted cash flow approach to value the Long-Term Notes at December&nbsp;31, 2010 incorporating the following assumptions:</div></td></tr></table> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="86%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Bankers Acceptance Rate:</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">1.12</td> <td nowrap="nowrap">%</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Discount Rates:</div></td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">9% to 25</td> <td nowrap="nowrap">%</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Maturity Dates:</div></td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">6.0 years</td> <td nowrap="nowrap">&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Expected Return of Principal:</div></td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">A-1 Notes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">100</td> <td nowrap="nowrap">%</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">A-2 Notes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">100</td> <td nowrap="nowrap">%</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">B Notes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">10</td> <td nowrap="nowrap">%</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">C Notes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">0</td> <td nowrap="nowrap">%</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">IA Notes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">0</td> <td nowrap="nowrap">%</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 30px;">TA Notes</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">100</td> <td nowrap="nowrap">%</td></tr></table></div> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>10.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>OTHER LONG-TERM INVESTMENTS (Continued)</b></div></td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(a)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;"><i>Long-Term Notes (Continued)</i></div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Based on the discounted cash flow model as at December&nbsp;31, 2010, the fair value of the Long-Term Notes was estimated at $29.8&nbsp;million. As a result of this valuation, the Company recorded an unrealized trading gain of $4.0&nbsp;million for the year ended December 31, 2010.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Continuing uncertainties regarding the value of the assets that underlie the Long-Term Notes, the amount and timing of cash flows and changes in general economic conditions could give rise to a further change in the fair value of the Company's investment in the Long-Term Notes, which would impact the Company's results from operations. A 1.0% increase, representing 100 basis points, in the discount rate will decrease the fair value of the Long-Term Notes by approximately $1.5&nbsp;million.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(b)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;"><i>Government of Mongolia Treasury Bill and Tax Prepayment</i></div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">On October&nbsp;6, 2009, Ivanhoe Mines agreed to purchase three Treasury Bills ("T-Bills") from the Mongolian Government, having an aggregate face value of $287.5&nbsp;million, for the aggregate sum of $250.0&nbsp;million. The annual rate of interest on the T-Bills was set at 3.0%. The initial T-Bill, with a face-value of $115.0&nbsp;million, was purchased by Ivanhoe Mines on October&nbsp;20, 2009 for $100.0&nbsp;million and will mature on October&nbsp;20, 2014.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">However, on March&nbsp;31, 2010 Ivanhoe Mines agreed to an alternative arrangement for the advancement of funds that would not involve the purchase of the remaining two T-Bills. Specifically, rather than purchasing the second and third remaining T-Bills, with face values of $57.5&nbsp;million and $115.0&nbsp;million respectively, Ivanhoe Mines has agreed to make a series of tax prepayments.</div></td></tr></table> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="12%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The first tax prepayment of $50.0&nbsp;million was made pursuant to this arrangement on April&nbsp;7, 2010.</div></td></tr> <tr style="font-size: 8pt;"><td>&nbsp;</td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td style="background: none transparent scroll repeat 0% 0%;" width="12%">&nbsp;</td> <td width="3%" nowrap="nowrap" align="left"><b>&bull;</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;">The second tax prepayment of $100.0&nbsp;million will be made within 14&nbsp;days of Oyu Tolgoi LLC fully drawing down the financing necessary to enable the complete construction of the Oyu Tolgoi Project, or on June&nbsp;30, 2011, whichever date is earlier.</div></td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The annual rate of interest on the tax prepayments is 1.75% compounding quarterly from the date on which such prepayments are made to the Mongolian Government by Ivanhoe Mines. Unless already off-set fully against Mongolian taxes, the Mongolian Government must immediately repay any remaining tax prepayment balance, including accrued interest, on the fifth anniversary of the date the tax prepayment was made.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Company has designated the T-Bill and first tax prepayment as available-for-sale investments because they were not purchased with the intent of selling them in the near term and the Company's intention to hold them to maturity is uncertain. The fair values of the T-Bill and first tax prepayment are estimated based on available public information regarding what market participants would consider for such investments. Changes in the fair value of available-for-sale investments are recognized in accumulated other comprehensive income.</div></td></tr></table> <p style="font-size: 10pt;" align="center"> </p> <p style="font-size: 10pt;" align="center"> </p></div> <p> </p> <p> </p> <p> </p> <h5 align="left">&nbsp;</h5> <p> </p> <div style="width: 7.5in; font-family: Helvetica,Arial,sans-serif; margin-left: 0.25in;"> <div style="margin-top: 10pt; font-size: 10pt;" align="left"><b>IVANHOE MINES LTD.<br />Notes to the Consolidated Financial Statements<br />(Stated in U.S. dollars unless otherwise noted; tabular amounts in thousands)</b> </div> <div style="margin-top: 10pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="3%" nowrap="nowrap" align="left"><b>10.</b></td> <td width="1%">&nbsp;</td> <td> <div style="text-align: justify;"><b>OTHER LONG-TERM INVESTMENTS (Continued)</b></div></td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(b)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;"><i>Government of Mongolia Treasury Bill and Tax Prepayment (Continued)</i></div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Company has used a discounted cash flow approach to value the T-Bill at December 31, 2010 incorporating the following assumptions:</div></td></tr></table> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="86%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">T-Bill</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Face Value:</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">115,000,000</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Discount Rates:</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">9.9</td> <td nowrap="nowrap">%</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Term to Maturity</div></td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">3.8 years</td> <td nowrap="nowrap">&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Based on the discounted cash flow model as at December&nbsp;31, 2010, the fair value of the T-Bill was estimated at $80.4&nbsp;million. As a result of this valuation, Ivanhoe Mines recorded an unrealized gain of $4.4&nbsp;million in accumulated other comprehensive income for the year ended December&nbsp;31, 2010.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">The Company has used a discounted cash flow approach to value the first tax prepayment at December&nbsp;31, 2010 incorporating the following assumptions:</div></td></tr></table> <div align="center"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr valign="bottom"><td width="86%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="9%">&nbsp;</td> <td width="1%">&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="center">First Tax</td> <td>&nbsp;</td></tr> <tr style="font-size: 10pt;" valign="bottom"><td>&nbsp;</td> <td>&nbsp;</td> <td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center">Prepayment</td> <td>&nbsp;</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Face Value:</div></td> <td>&nbsp;</td> <td align="left">$</td> <td align="right">50,000,000</td> <td>&nbsp;</td></tr> <tr style="padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Discount Rates:</div></td> <td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td align="right">9.9</td> <td nowrap="nowrap">%</td></tr> <tr style="background: #cceeff; padding-top: 1px;" valign="bottom"><td> <div style="text-indent: -15px; margin-left: 15px;">Term to Maturity</div></td> <td>&nbsp;</td> <td colspan="2" nowrap="nowrap" align="right">4.3 years</td> <td nowrap="nowrap">&nbsp;</td></tr></table></div> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 6pt;"><td width="4%">&nbsp;</td> <td width="3%">&nbsp;</td> <td width="1%">&nbsp;</td> <td width="92%">&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">Based on the discounted cash flow model as at December&nbsp;31, 2010, the fair value of the first tax prepayment was estimated at $36.5&nbsp;million. As a result of this valuation, Ivanhoe Mines recorded an unrealized loss of $14.2&nbsp;million in accumulated other comprehensive income for the year ended December&nbsp;31, 2010.</div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td>&nbsp;</td> <td nowrap="nowrap" align="left"><i>(c)</i></td> <td>&nbsp;</td> <td> <div style="text-align: justify;"><i>Money Market Investments</i></div></td></tr> <tr style="font-size: 3pt;"><td>&nbsp;</td></tr> <tr valign="top"><td nowrap="nowrap" align="left">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td> <div style="text-align: justify;">As at December&nbsp;31, 2010, Ivanhoe Mines held $45.2&nbsp;million of money market investments with remaining maturities in excess of one year.</div></td></tr></table></div> </div>10. &nbsp; OTHER LONG-TERM INVESTMENTS &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; DecemberfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis item represents the entire disclosure related to investments in debt securities that are intended to be held for an extended period of time (longer than one operating cycle).No authoritative reference available.falsefalse12Other Long-Term InvestmentsUnKnownUnKnownUnKnownUnKnownfalsetrue