Turquoise Hill Provides Oyu Tolgoi Update at Annual Shareholders' Meeting

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Turquoise Hill Resources (TRQ.TO) provided an update on the Oyu Tolgoi copper-gold-silver mine in Mongolia to shareholders attending the company's annual meeting in Vancouver.

Addressing shareholders, Kay Priestly, Turquoise Hill Chief Executive Officer, said: "We are making strong progress and completing vital operational components to transform Oyu Tolgoi from a development project into a full-scale mine. With the advancement of commissioning, we expect the concentrator will be consistently running at production rates of 70% of capacity and the start of concentrate shipments by the end of June 2013. Additionally, our timeline for project financing is well advanced."

At the meeting, all matters voted on by shareholders were approved.



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This article appears in: Investing , Commodities

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