Fire Out At Mongolia Oyu Tolgoi; No Injuries, Project On Track
January 10 2012 - 6:17AM
Dow Jones News
Oyu Tolgoi LLC, the developer of Mongolia's largest copper-gold
project, said Monday that a fire that broke out at the mine's
emulsion plant Sunday has been extinguished and won't result in any
construction delays.
The company, which is 66% owned by Canada-based Ivanhoe Mines
Ltd (IVN.T) and 34% owned by the Mongolian government, said: "No
injuries have been reported and all staff have been accounted for.
The fire is out, and the damage was confined to the roof of the
building."
The emulsion plant is where explosives are prepared for the open
pit mine.
Oyu Tolgoi is due to begin first commercial production by
mid-2013. Anglo-Australian miner Rio Tinto PLC (RIO) is the project
operator and owns a 49% stake in Ivanhoe Mines.
-By Alex MacDonald, Dow Jones Newswires; +44 (0)20 7842 9328;
alex.macdonald@dowjones.com
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