09:50 AM EST - Ivanhoe Mines Limited : announced today that $30 million of development capital has been approved for the Kulthor/Osborne development on the company's Cloncurry district tenements in Queensland. This investment, which will see the resumption of production at the Osborne complex in the first quarter of 2012, includes level development, ventilation raise-boring, drilling access and resource delineation drilling. Ivanhoe Mines Limited
shares T.IVN are trading up $0.18 at $27.53.
