MetalMiner: Mongolia’s Oyu Tolgoi to Start Copper and Gold Production in Late 2012

As Chile is hit by falling ore grades and Peru is hit by delays due to populist agitation, the copper market is pinning a lot on the start of copper production later this year at Rio and Ivanhoe’s Oyu Tolgoi mine in southern Mongolia’s Gobi desert. First identified over ten years ago, Rio and their subsidiary, Ivanhoe, along with the Mongolian government that holds a 34 percent stake, have poured billions into what is one of the most exciting mining projects in the world. Admittedly not as large as Chile’s Escondida, Oyu Tolgoi still holds the promise to yield some 450,000 tons per year of copper and 330,000 ounces of gold when it reaches full production sometime in 2013. To read the full article, click hereMongolia’s Oyu Tolgoi to Start Copper and Gold Production in Late 2012

This entry was posted in Mongolia News. Bookmark the permalink.

Comments are closed.