Power supply deal agreed for Oyu Tolgoi - 291541 - 2012-11-13: "Oyu Tolgoi has signed a binding agreement with a Chinese power company for the supply of electricity to the nearly completed copper and gold mine in Mongolia.
Within the next few weeks, Oyu Tolgoi will start 7 week commissioning of the ore processing equipment. First concentrate production will follow within one month and the commencement of commercial production is expected three to 5 months thereafter.
Mr Andrew Harding CEO of Rio Tinto Copper said that "This agreement means we are on track to bring the Phase 1 of the world class Oyu Tolgoi mine into production in the H1 of 2013. When fully developed it will be a top 5 copper producer with significant gold production."
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