Giant copper mine offers Mongolia a cash bonanza - Taipei Times: "Deep in the heart of the Gobi Desert in Mongolia amid a landscape of sand dunes and ice canyons, one of the world’s biggest copper mines is about to come on stream.
Anglo-Australian miner Rio Tinto and Canada’s Turquoise Hill Resources have jointly led construction of the US$6.2 billion Oyu Tolgoi mine, which is expected to produce 450,000 tonnes of copper concentrate a year at its peak.
Oyu Tolgoi LLC has estimated that by the time the mine is in full production in 2019, peak earnings could provide up to one-third of government revenue, averaging 800 billion tugriks (about US$575 million) per year over the life of the project."
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