Turquoise Hill Resources: Oyu Tolgoi Produces First Concentrate (ccnm)
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 31, 2013) - Turquoise Hill Resources (TSX:TRQ)(NYSE:TRQ)(NASDAQ:TRQ) today announced that Oyu Tolgoi has produced its first copper-gold concentrate. This comes following the processing of first ore through the concentrator in early January 2012.
Kay Priestly, Chief Executive Office of Turquoise Hill, said, "Oyu Tolgoi continues to progressively ramp-up the mine and the production of first concentrate is another important milestone. We are making good progress on our timetable leading to the start of commercial operations."
With the achievement of first concentrate, commencement of commercial production at Oyu Tolgoi is expected within three to five months.