1 ERD ESTIMATES PRE-PRODUCTION OF KHUNDII PROJECT TO TOTAL USD 32 MILLION WWW.ZGM.MN PUBLISHED:2019/01/21      2 NON-PERFORMING LOANS JUMP 54.8 PERCENT IN 2018 WWW.ZGM.MN PUBLISHED:2019/01/21      3 INNER MONGOLIA SEES RECORD FOREIGN TRADE VOLUME IN 2018 WWW.EN.CE.CN PUBLISHED:2019/01/21      4 MORE FLIGHTS BETWEEN SOUTH KOREA AND MONGOLIA WWW.NEWS.MN PUBLISHED:2019/01/21      5 CROSS-BORDER BRIDGE CONNECTING RUSSIA & CHINA TO OPEN IN 2020 WWW.RT.COM PUBLISHED:2019/01/21      6 GOLD, SILVER AND PLATINUM NOW PRINTED DIRECTLY ONTO FABRICS WWW.MINING.COM PUBLISHED:2019/01/21      7 LAW AMENDED TO LEGALIZE DISMISSAL OF SPEAKER BY MAJORITY OF MPS WWW.PRESIDENT.MN PUBLISHED:2019/01/21      8 MONGOLIAN TEAM SUCCESSFULLY COMPLETES DAKAR RALLY WWW.MONTSAME.MN PUBLISHED:2019/01/21      9 CHINA’S SLOWDOWN IS MINERS' SINGLE BIGGEST FEAR THIS YEAR — REPORT WWW.MINING.COM PUBLISHED:2019/01/18      10 CHINA, RUSSIA, MONGOLIA JOINTLY PROTECT SIBERIAN CRANE WWW.XINHUANET.COM PUBLISHED:2019/01/18      TAOBAO САЙТАД МОНГОЛД ҮЙЛДВЭРЛЭВ ГЭСЭН ЦЭС НЭМЭГДЭНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2019/01/21     БНХАУ-ЫН НҮҮРСНИЙ ОЛБОРЛОЛТ СҮҮЛИЙН 3 ЖИЛИЙН ДЭЭД ТҮВШИНД ХҮРЭВ WWW.BLOOMBEGTV.MN НИЙТЭЛСЭН:2019/01/21     МАНАЙ УРАЛДААНЧИД “ДАКАР РАЛЛИ”-ГААС ХҮРЭЛ МЕДАЛЬ ХҮРТЛЭЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2019/01/21     2019 ОНЫ ИНФЛЯЦИЙН ХҮЛЭЭЛТ 7.6 ХУВЬ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/01/21     ОРОС, ХЯТАДЫГ ХОЛБОСОН ГҮҮР 2020 ОНД НЭЭЛТЭЭ ХИЙНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2019/01/21     МОНГОЛ УЛС 21 НЭР ТӨРЛИЙН ВАКЦИН, 23 ОНОШИЛГООНЫ ТӨХӨӨРӨМЖ ҮЙЛДВЭРЛЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/01/21     ТЭТГЭВРИЙН ЗЭЭЛИЙН ХҮҮГ 10 ХУВЬ БОЛГОН БУУРУУЛЛАА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2019/01/21     "RIO TINTO" НЭГЖ ХУВЬЦААНДАА 1.74 АМ.ДОЛЛАРЫН НОГДОЛ АШИГ ТАРААЖ МАГАДГҮЙ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/01/21     ЦАГААН САРЫН БЭЛЭГНИЙ МӨНГӨ ЭРЭЭНИЙГ ДЭМЖСЭЭР БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2019/01/18     ХОЛБООНЫ НӨӨЦИЙН САН БОДЛОГЫН ХҮҮГЭЭ ӨСГӨХӨД ДЭЛХИЙН 170 ОРЧИМ ВАЛЮТЫН ХАНШ СУЛАРДАГ WWW.IKON.MN НИЙТЭЛСЭН:2019/01/18    

Turquoise Hill announces second quarter 2018 production and completion of Shaft 5 www.gogo.mn

Turquoise Hill Resources today announced second quarter 2018 production for Oyu Tolgoi as well as the completion of Shaft 5.

Luke Colton, interim Chief Executive Officer of Turquoise Hill, said, “During the second quarter, Oyu Tolgoi continued processing Phase 4A ore resulting in improved gold grades, production and recovery.

This trend is expected for the remainder of the year. Mill throughput during the quarter benefited from high intensity blasting, which was introduced in 2017.

Oyu Tolgoi continues to make good underground development progress, as evidenced by the completion of Shaft 5.” Mill throughput increased 6.3% over Q1’18 due to higher utilization rates and the positive impact of high intensity blasting.

Copper production in Q2’18 increased 1.5% over Q1’18 as a result of higher mill utilization rates offset by slightly lower grades from the depletion of Phase 6 ore. Gold production increased 19.0% over Q1’18 due to stronger mill utilization rates, higher grades from Phase 4A and increased recovery. Sales in Q2’18 benefited from improved logistics as inventory accumulated during the Q1’18 force majeure worked its way through the system.

Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 240,000 to 280,000 ounces of gold in concentrates for 2018. Due to the positive impact of high intensity blasting, mill throughput for 2018 is expected to be approximately 40 million tonnes.



Published Date:2018-07-18