Video
Description
Oyu Tolgoi project in the Gobi Desert,
southern Mongolia, will be one of the
world's largest copper and gold mines
when it comes on stream.
Oyu Tolgoi Mine, Mongolia
The Oyu Tolgoi mine is a combined open pit and underground mining project in Khanbogd sum within the south Gobi Desert, approximately 235 kilometres (146 mi) east of the Ömnögovi Province capital Dalanzadgad. The site was discovered in 2001 and is being developed as a joint venture between Ivanhoe Mines, Rio Tinto and the Government of Mongolia. The mine is under construction as of 2010 and scheduled to begin production in 2013.
The Oyu Tolgoi mining project is the largest financial undertaking in Mongolia's history and is expected upon completion to account for more than 30% of the country's gross domestic product. Copper production is expected to reach 450,000 tonnes (500,000 short tons) annually. Financing for the project has come in part from the Rio Tinto Group and an investment agreement. Source:
Wikipedia,
Oyu Tolgoi Mine.
Ivanhoe Mines
Ivanhoe Mines Ltd. (IVN:TSX,NYSE,NASDAQ) is focused on the development of its discoveries in the Asia Pacific region. Core assets are Ivanhoe's 66% interest in the world-scale Oyu Tolgoi copper and gold mine development project in southern Mongolia; its 57% interest in Mongolian coal miner SouthGobi Resources (SGQ:TSX,1878:HK); its 62% interest in Ivanhoe Australia (IVA:ASX,TSX), which is developing the Merlin molybdenum-rhenium project in Australia; and its 50% interest in Altynalmas Gold Ltd., which is developing the Kyzyl Gold Project in Kazakhstan.
Source:
IvanhoeMines.com
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