Myanmar Ivanhoe Copper Company Limited (MICCL) is a joint venture company that is owned by Mining Enterprise No. 1 (ME-1), an agency ofthe Ministry of Mines of the Union of Myanmar, and Bagan Copper Holdings Limited formerly known as Ivanhoe Myanmar Holdings Limited ( IMHL), which is owned by the Monywa Trust. The Monywa Trust, an independent, third-party trust, acquired interim ownership of the IMHL interest from Ivanhoe Mines Ltd. on February 27,2007

The Sabetaung-Kyisintaung (S&K) Mine, located in central Myanmar, is an open-pit, heap-leach copper mine operated by MICCL. Currently, the mine is operating at a capacity of 39,000 tonnes per year (tpa) of cathode copper, 56% above its initial design capacity of 25,000 tonnes of copper per year.

MICCL successfully continued three international certifications in 2008:

• the AS/NZS 4801:2001 Certificate relating to Occupational Health & Safety Management
• the AS/NZS ISO 9001:2008 Certificate relating to Quality Management; and
• the AS/NZS IS0 14001:2004 Certificate for Environmental Management .

MICCL also maintained its cathode quality in accordance with LME Grade A specifications. MICCL is striving to maintain a Best Practices international performance standard throughout its operations, while achieving continual improvements in quality, environment, health and safety standards.