COPPER-GOLD: Turquoise Hill to lift force majeure at Oyu Tolgoi

MONGOLIA – Turquoise Hill Resources of Vancouver announced that effective March 1, 2018, that the Oyu Tolgoi copper-gold mine will lift its force majeure notice. [caption id="attachment_1003722213" align="alignright" width="288"] Shaft sinking continued at the Oyu Tolgoi mine despite force majeure. (Image: Turquoise Hill Resources)[/caption] Turquoise Hill declared force majeure on Jan. 17, 2018, as protestors blocked the main access road in China at the main border. The blockade was removed on Jan. 19, but the back up in traffic prevented normal movement of trucks and goods until it recently returned to pre-blockage levels. The company noted that normal mine operations, including underground development, have been maintained during the period and no production impact is expected. Turquoise Hill owns 66% of the Oyu Tolgoi mine and the government of Mongolia owns the balance. See www.TurquoiseHill.com for more information.