OYU TOLGOI PRODUCTION BACK ON TRACK

OYU TOLGOI PRODUCTION BACK ON TRACK
January 05 01:43 2015 Print This Article

Despite a concentrator fire at its Oyu Tolgoi mine in Mongolia earlier in December, Turquoise Hill Resources says the copper-gold operation is on track to meet its expected full-year output. The company has, however, lowered its production estimate for 2015 to 600,000-700,000 ounces of gold and 175,000-195,000 tonnes of copper in concentrates.

Operations at the concentrator recommenced after three days on December 6 with both SAG mills and three of four ball mills now operating. Repairs to the concentrator’s damaged cyclone pack are progressing well and are expected to be complete by mid-January.

Turquoise Hill owns 66% of Oyu Tolgoi with the remainder held by the government of Mongolia. It expects the mine to produce between 550,000-600,000 ounces of gold and 135,000-150,000 tonnes copper in concentrates this year.

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