March 28, 2013

Turquoise Hill still in talks with Mongolia but Oyu Tolgoi mine still on track

Turquoise Hill still in talks with Mongolia but Oyu Tolgoi mine still on track: "Turquoise Hill Resources Ltd. (TSX:TRQ) says it's in no rush to start production at Oyu Tolgoi, its multibillion-dollar mine in southern Mongolia even though the project is near completion.

"Oyo Tolgoi is a multi-decade project," chief executive Kay Priestly told investors during a call Tuesday.

"It is important for us to invest time now to ensure an optimal plan is developed that balances capital costs and increased volumes.""

'via Blog this'