Billionaire Robert Friedland resigned as chief executive officer of Ivanhoe Mines Ltd. (IVN) as the company struck a deal with its majority shareholder Rio Tinto Group (RIO) on funding for its $6 billion Mongolian copper mine.
See http://www.bloomberg.com/news/2012-04-18/rio-ivanhoe-sign-accord-on-mongolia-copper-mine-funding.html.
See also http://www.northernminer.com/news/friedland-resigns-from-ivanhoe-mines/1001083008/90x84Wx8w8w6n0q27M20/?link_targ=DailyNews&utm_source=NM&utm_medium=email&utm_campaign=NM-EN04182012&link_source=aypr_NM.