Turquoise Hill to Begin Processing Ore by Year End

Turquoise Hill Resources (TSX:TRQ, NYSE:TRQ, NASDAQ:TRQ) announced that Oyu Tolgoi is expected to finish a seven-week commissioning of the mine’s ore-processing equipment December 23, 2012, and that they are expecting to begin processing first ore through the concentrator by year end.

As quoted in the press release:

Oyu Tolgoi also is expected to begin processing first ore through the concentrator by year end, with first concentrate production to follow within one month. The commencement of commercial production is expected three to five months thereafter.

Turquoise Hill’s CEO, Kay Priestly, said:

The team at Oyu Tolgoi has been making impressive progress with mine commissioning and preparing the concentrator for initial start-up. We remain on track for the beginning of commercial production in the first half of 2013.

To view the whole press release, click here.