Mongolian Gold and Copper Mine Project Ahead of Schedule

Representatives of Ivanhoe Mines Ltd released a statement last week, saying that the massive Oyu Tolgoi mining project in Mongolia is actually developing ahead of schedule.

Oyu Tolgoi is not scheduled to start production until the first half of 2013, but 2011 represents the peak year for construction activity, and will see the start of ‘prestripping’ of the open pit. The company plans to start moving material from over the Southern Oyu deposits over the course of 2011, and all the major mining equipment has now already been secured on time or ahead of the original schedule.

The Oyu Tolgoi project has 7,000 people working on it, including about 5,500 actually on-site each day. There are a series of major infrastructure projects in development around the site, including a 97 kilometer paved road to the Mongolia-China border and a permanent domestic airport. Between Ivanhoe and the top shareholder Rio Tinto, the companies have invested an estimated $3.6 billion into the gold and copper mine.

Move One is a valued logistics partner in the project, delivering vital equipment to the mine’s extremely remote and inhospitable location. Noah Glassco, Move One’s Country Manager in Mongolia said ”As Oyu Tolgoi’s development marches on ahead of schedule, cargo volumes entering Mongolia are rising significantly, which has translated into increased business for our operations in the capital and in the south Gobi. Thanks to our innovative supply-chain solutions and competent local staff, we are confident that we will be able to adapt to the rising demand and still deliver the high standard of customer service our clients are used to receiving from Move One.”

The Oyu Tolgoi mine is expected to produce more than 1.2 billion pounds of copper and 650,000 oz. of gold a year in the first ten years of operations, Ivanhoe said in May last year.


For further information about Move One’s operations in Mongolia, please contact Noah Glassco at noah.glassco@moveoneinc.com.

Source:www.moveoneinc.com





Share:

1 comment:

  1. I was very encouraged to find this site. I wanted to thank you for this special read. I definitely savored every little bit of it and I have you bookmarked to check out new stuff you post.
    Regards:
    Stock tips

    ReplyDelete

Facebook page

Powered by Blogger.

Categories

Advertising in Mongolia An Asian Development Bank Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia Adventure Mongolia agriculture Mongolia air pollution Mongolia analysis Mongolia and Armenia Mongolia and Asian Development Bank Mongolia and Australia Mongolia and Azerbaijan Mongolia and Belorussia Mongolia and Bulgaria Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and Czech Mongolia and donors Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and IFC Mongolia and IMF Mongolia and Ind Mongolia and India Mongolia and Indonesia Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Israel Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Kyrgyzstan Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Qatar Mongolia and Russia Mongolia and Russia and Mongolia and China Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and Thailand Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and US Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia blind Mongolia Cashmere Mongolia Christianity Mongolia civic society Mongolia Corruption Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia environment Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia investment Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia news media Mongolia Nuclear Mongolia Petroleum Mongolia Politics Mongolia Poverty Mongolia public announcements Mongolia railways Mongolia Religion Mongolia slums Mongolia society Mongolia Sports Mongolia Stamp Mongolia Sumo Mongolia telecommunication Mongolia tourism Mongolia trade Mongolia Transportation Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian and Cuba Mongolian Archeology Mongolian Climate Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Kazakh Mongolian Meat Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Sumo Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia World bank and Mongolia

Blog Archive

Followers