October 10, 2012

Power lines for Turquoise Hill’s Mongolian project complete

Power lines for Turquoise Hill’s Mongolian project complete: "TORONTO (miningweekly.com) – Toronto-listed Turquoise Hill Resources on Tuesday said construction of power lines to its flagship Oyu Tolgoi copper/gold project, in Mongolia, were complete, had been successfully tested with full power loads and were ready for use.

The company, which is controlled by global diversified miner Rio Tinto, said it had now entered into negotiations with Chinese authorities for a power purchase agreement. The mine, which is located 80 km from the Chinese border, was expected to be the only new copper mine coming on line in the medium term that counted among the top ten largest copper mines.

The miner said power from Inner Mongolia was required for the full commissioning of the project and to start production. First concentrate production was expected to follow within a month and commercial production was expected to start three to five months thereafter."

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