Aug. 28 (Bloomberg) -- Ivanplats Ltd., the mine developer founded by billionaire investor Robert Friedland, changed its name to Ivanhoe Mines Ltd.
The change is effective today and the Vancouver-based company will trade under the ticker IVN in Toronto, it said in a statement.
“This is the right time to make the transition to a corporate identity that more broadly reflects the fact that Ivanplats has grown and evolved in recent years to become much more than a singularly focused platinum-group metals company,” Friedland, chairman of the company, said in the statement.
Ivanhoe Mines was the name of another mining company, also founded by Friedland, that Rio Tinto Group gained control of in 2012. That company is now known as Turquoise Hill Resources Ltd.
To contact the reporter on this story: Liezel Hill in Toronto at email@example.com
To contact the editor responsible for this story: Simon Casey at firstname.lastname@example.org