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Turquoise Hill Resources: Oyu Tolgoi Begins Concentrate Shipments
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 8, 2013) - Turquoise Hill Resources (TSX:TRQ)(NYSE:TRQ)(NASDAQ:TRQ) today announced that the Oyu Tolgoi mine has commenced shipping copper concentrate. The initial sale of approximately 5,800 tonnes of concentrate is being sent to customers in China. A convoy carrying approximately 600 tonnes of concentrate departed from the mine on Tuesday, July 9, 2013 with the remainder of the shipment taking place over the next two weeks.
Kay Priestly, Turquoise Hill Chief Executive Officer, said, "The shipping of concentrate is a significant milestone in Oyu Tolgoi's development. It is gratifying to see the world-class mine continuing its ramp up and generating benefits for stakeholders and Mongolia. The entire staff at Oyu Tolgoi is to be commended for their hard work and dedication in making this major event possible."
All permits and authorities required for on-going concentrate shipments are in place, including approvals by the Oyu Tolgoi LLC board. Oyu Tolgoi remains committed to maintaining transparency in its operations and managing export revenues consistent with the Investment Agreement.
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Mogi Munkhdul Badral Bontoi
Founder & CEO
Email: mogi@covermongolia.mn
Mobile: +976 9999 6779
Skype: mogibb
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