Oyu Tolgoi reaches milestone with shaft completion, maintains force majeure
JOHANNESBURG (miningweekly.com) – Rio Tinto subsidiary Turquoise Hill said that Oyu Tolgoi, a copper and gold mine in the southern Gobi desert, in Mongolia, has marked an early development milestone at the Hugo North Lift 1, with the completion of the sinking of Shaft 2, including reaching final depth, shaft bottom mass excavation and concrete floor installation.
Turquoise Hill CEO Jeff Tygesen on Monday noted that the completion of the Shaft 2 sinking is the first of several key milestones that will lead to the production of copper and gold from Hugo North Lift 1.
“At peak production around 2025, Oyu Tolgoi is expected to be the world's third-largest copper mine,” he stated.
Shaft 2 is 1 284 m deep and 10 m in diameter and will be used for access, production and ventilation. The fit-out of the shaft will take place throughout 2018.
Despite the recent declaration of force majeure at Oyu Tolgoi, there has been no disruption to goods and services arriving for underground development.
The force majeure for Oyu Tolgoi concentrate delivery customer contracts remains in place. The mine declared the force majeure last week, as a result of a protest by Chinese coal transporters which recently got under way in the Ganqimaodu border zone.
On January 19, trucks, including Oyu Tolgoi concentrate convoys, started crossing the Ganqimaodu border zone again.
A consistent period of convoy crossing to determine a stable concentrate supply chain is required before the force majeure can be lifted.
Safe and normal mine operations have been maintained and no production impact is expected, the company said on Monday.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...
VISIT SHOWROOM
ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
