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