|By Marketwired .||
|January 31, 2013 10:47 AM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/31/13 -- 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.
About Turquoise Hill Resources
Turquoise Hill Resources (TSX:TRQ)(NYSE:TRQ)(NASDAQ:TRQ), formerly Ivanhoe Mines, is an international mining company focused on copper, gold and coal mines in the Asia Pacific region. The company's primary operation is its 66% interest in the Oyu Tolgoi copper-gold-silver mine in southern Mongolia, which is expected to begin commercial production in the first half of 2013. Other assets include a 58% interest in Mongolian coal miner SouthGobi Resources (TSX:SGQ)(HK:1878); a 57% interest in copper-gold miner Ivanhoe Australia (ASX:IVA)(TSX:IVA); and a 50% interest in Altynalmas Gold, a private company developing the Kyzyl Gold Project in Kazakhstan.
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