Tag Archives: Gold

Mongolia’s Oyu Tolgoi Copper-Gold Mine on Track for 2012 Start

Apr. 3 – Ivanhoe Mines has reported that construction of the Oyu Tolgoi (OT) copper-gold mining complex is advancing toward its planned start-up in 2012 with commercial production scheduled for the first half of 2013. The project is currently 72.7 percent complete, according to the company. Ivanhoe, which began investing in the project in April 2011, has spent US$4 billion on the Oyu Tolgoi complex. In total, including drilling exploration and preparation work on the mine, the company has currently spent US$10 billion on the project. OT – located 550 kilometers south of Ulaanbaatar and 95 kilometers from the China-Mongolia

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