Turquoise Hill Resources Summarizes Activity for Oyu Tolgoi, Notes Feasibility Study for Expansion be Completed in 2014

Turquoise Hill Resources (TSX:TRQ, NYSE:TRQ, NASDAQ:TRQ) provided updates for the Oyu Tolgoi copper-silver-gold project.

As quoted in the press release:

Construction of the Oyu Tolgoi mine’s first phase of development reached 99% completion at the end of 2012. Total capital invested in the construction of the first phase of the mine through the end of 2012 was approximately US$6 billion. The final cost of the phase-one capital project is expected to be approximately US$6.0 billion, within 3% of the initial budget, excluding foreign-exchange exposures.

To view the full press release, click here.