Oyu Tolgoi crossed 2 million tons in concentrate shipment

Odonchimeg 2016-04-24 07:04

Economy

Oyu Tolgoi crossed 2 million tons in concentrate shipment.

Mongolia’s largest copper-gold company Oyu Tolgoi crossed 2 million tons in concentrate shipment. Oyu Tolgoi announced an update on its production for the first quarter of 2016. In the first quarter of 2016, concentrator throughput increased 3 per cent over the past quarter resulting in average throughput of approximately 106,000 tons per day for the quarter. Concentrate production in Q1’16 remained high resulting from increased throughput and strong copper grades. Andrew Woodley, Chief Executive Officer of Oyu Tolgoi, said, “Our performance over the quarter – setting new records in production, while improving our safety performance – speaks to the commitment and skill of the Oyu Tolgoi workforce. Shipping two million tons of concentrate, just three years after the start of production, is a reminder of how far we have come for such a young business.” Oyu Tolgoi LLC, Mongolia's largest copper and gold mining company, is a strategic partnership between the Government of Mongolia, Turquoise Hill Resources and Rio Tinto. Located in the South Gobi, Oyu Tolgoi commenced shipment of product to customers in July 2013.