Turquoise Hill Resources: Oyu Tolgoi Produces First Concentrate
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/31/13 -- Turquoise
Hill Resources (TSX:TRQ)(NYSE:TRQ)(NASDAQ:TRQ) today announced that
Oyu Tolgoi has produced its first copper-gold concentrate. This comes
following the processing of first ore through the concentrator in
early January 2012.
Kay Priestly, Chief Executive Office of Turquoise Hill, said, "Oyu
Tolgoi continues to progressively ramp-up the mine and the production
of first concentrate is another important milestone. We are making
good progress on our timetable leading to the start of commercial
With the achievement of first concentrate, commencement of commercial
production at Oyu Tolgoi is expected within three to five months.
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)(HK: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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Certain statements made herein, including statements relating to the
anticipated achievement of commercial production commencement
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Turquoise Hill Resources
Office: +1 604 648 3920
Turquoise Hill Resources
Office: +1 604 648 3934
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