Turquoise Hill Resources Ltd.: Oyu Tolgoi Celebrates
Turquoise Hill Resources Ltd.: Oyu Tolgoi Celebrates Commissioning of Concentrator Complex
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/27/12 -- Turquoise Hill Resources (TSX:TRQ)(NYSE:TRQ)(NASDAQ:TRQ) announced that Oyu Tolgoi today celebrated the commissioning of the mine's concentrator with an event attended by Minister of Mining D. Gankhuyag and other members of the Mongolian Parliament. Minister Gankhuyag commemorated the occasion by activating the concentrator's ore-processing circuit for the first time.
Oyu Tolgoi is expected to process first ore through the concentrator by year-end, with first concentrate production to follow within one month. The commencement of commercial production is expected three to five months thereafter.
About Turquoise Hill Resources
Turquoise Hill Resources (TSX:TRQ)(NYSE:TRQ)(NASDAQ:TRQ), formerly Ivanhoe Mines, is an international mining company focused on copper, gold and coal mines in the Asia Pacific region. The company's primary operation is its 66% interest in the Oyu Tolgoi copper-gold-silver mine in southern Mongolia, which is expected to begin commercial production in the first half of 2013. Other assets include a 58% interest in Mongolian coal miner SouthGobi Resources (TSX:SGQ)(HKSE:1878); a 57% interest in copper-gold miner Ivanhoe Australia (ASX:IVA)(TSX:IVA); and a 50% interest in Altynalmas Gold, a private company developing the Kyzyl Gold Project in Kazakhstan.
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