Ivanhoe Executive: Oyu Tolgoi On Track To Start Commercial Operations In 1st Half 2013
March 20 2012 - 11:19PM
Dow Jones News
Ivanhoe Mines Ltd.'s (IVN) US$6 billion Oyu Tolgoi copper-gold
project in Mongolia is on track to commence commercial production
in the first half of 2013, a senior executive said Wednesday.
Ivanhoe Mines Chief Executive Robert Friedland told a mining
conference that the company's 66%-controlled Oyu Tolgoi mine will
begin initial production later this year before the start of
commercial production.
Construction of the project, which is located just about 50
miles from China's border, is approaching 80% of completion, he
said.
-By Joanne Chiu, Dow Jones Newswires; 852-2802-7002;
joanne.chiu@dowjones.com
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