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Mongolia|business|January 22, 2019 / 11:00 AM
Oyu Tolgoi is expected to produce 180,000 to 220,000 ounces of gold in concentrates in 2019

AKIPRESS.COM - Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 180,000 to 220,000 ounces of gold in concentrates this year, Turquoise Hill Resources said.

Last year the Mongolian copper-gold mine produced 159,100 tonnes of copper, up 1.1% from 2017, and 285,000 ounces of gold, up 150% from 2017.

The government of Mongolia owns 34 percent of Oyu Tolgoi with the remainder held by Turquoise Hill Resources, which in turn is 51% owned by Rio Tinto.

The mine, 80 km north of Mongolia’s border with China and roughly 550 km south of the capital, Ulaanbaatar, is one of the world’s largest.

Turquoise Hill says Oyu Tolgoi has the potential to operate for about 100 years from five known mineralized deposits, the first of which (Oyut), went into production as an open pit in 2013.

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