MarketWatch: Ivanhoe to build Oyu Tolgoi power plant by 2017

Ivanhoe Mines Ltd will need to build a new power plant by the summer of 2017 as part of its agreement with the Mongolian government to develop the country’s massive Oyu Tolgoi copper-and-gold deposit. Peter Meredith, deputy chairman of Canada-based Ivanhoe Mines, which owns a 66% stake in Oyu Tolgoi, told the Terrapinn Mongolia Investment Summit that: “We are required to build a power plant within four years of first production.” Oyu Tolgoi is due to begin first commercial production by mid-2013. To read the full article, click hereIvanhoe to build Oyu Tolgoi power plant by 2017

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