Oyu Tolgoi released latest edition of its performance for second quarter of this year
Oyu Tolgoi continues to work with safety as its core priority.
Oyu Tolgoi released the latest edition of its performance for the second quarter of this year. Oyu Tolgoi continues to work with safety as its core priority. The second quarter marked an important milestone for the business the three millionth tonne of concentrate shipped, less than four years after the first shipment was delivered to our customers, said Armando Torres, CEO of Oyu Tolgoi. This achievement is built on the exemplary efforts and support of our workforce, partners, and shareholders. As we look to the second half of the year, we remain focused on delivering on our business targets for 2017 and maintaining the momentum of the underground project, noted Mr. Armando. Oyu Tolgoi continued to deliver on its commitment to environmental protection and stewardship, particularly in the area of water use with 0.373 cubic metres of water per tonne of ore processed during the reporting quarter, significantly better than the global average of 1.2 cubic metres of water per tonne, and achieved a recycling rate of 88.7 per cent. Oyu Tolgoi also continued to support sustainable development programs in Umnugobi province with an investment of US$3.1mn over the quarter. The Oyu Tolgoi-funded Bulk Water treatment plant in Khanbogd and some new programs aimed at improving pasture management and women employment. In terms of production, material mined increased 3.5 per cent in Q2’17 vs Q1’17, while grades for the quarter were flat compared to Q1’17. Copper and gold production for Q2’17 was essentially in-line with Q1’17 production despite the planned maintenance shutdown. Turquoise Hill expects Oyu Tolgoi to produce 130,000 to 160,000 tonnes of copper and 100,000 to 140,000 ounces of gold in concentrates for 2017.
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