COPPER: Oyu Tolgoi begins shipping concentrates to customers

MONGOLIA – The Oyu Tolgoi copper-gold mine in the South Gobi area has made its first shipment of copper concentrates to customers in China. A convoy carrying 600 tonnes of concentrate left the mine site on July 9, 2013. The remaining 5,200 tonnes will be shipped over the next two weeks.

The mine is owned by Vancouver-based Turquoise Hill Resources (66%) and the government of Mongolia (34%). The project took three years to build and cost US$6.2 billion. Average annual production over 20 years from both pit and underground sources is expected to be 430,000 tonnes of copper and 425,000 oz of gold.

A gallery of photos from the Oyu Tolgoi site is available at TurquoiseHill.com.