Operational and financial estimates for OT in 2017 completed
Oyu Tolgoi is one of the most exciting developments in copper and gold mining, which contains reserves and resources that make it one of the world’s largest known copper and gold deposits.
Operational and financial estimates for OT in 2017 completed. Oyu Tolgoi is one of the most exciting developments in copper and gold mining, which contains reserves and resources that make it one of the world’s largest known copper and gold deposits. Situated in the southern Gobi desert of Mongolia, Oyu Tolgoi is jointly owned by the Government of Mongolia and Turquoise Hill Resources. Oyu Tolgoi’s underground mine is expected to release the first production in mid-2020, and to begin stable operations in early 2021, announced Turquoise Hill Resource. According to the estimates, Oyu Tolgoi is planned to produce 130-160 thousand tons of copper in concentrate, 100-140 ounces of gold in concentrate. In the margin of the open pit mining, the sixth stage of the OT mine is to be operated, while a fourth stage of stripping will be implemented. The operational expenditure for 2017 is predicted to amount to USD 720 million. The capital expenditure for the open pit mine in cash is expected to reach USD 100 million.
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