How deep is Oyu Tolgoi?

Ivanhoe’s drill hole Hole OTD-150, Ivanhoe’s first deep diamond hole to test the hypogene potential of the Southwest Oyu zone, was drilled in July 2001 to a depth of 590 metres and averaged in excess of one gram of gold per tonne and 0.81% copper over a distance of 508 metres, from 70 metres to 578 metres.

How big is Oyu Tolgoi mine?

approximately 235 kilometres
The Oyu Tolgoi mine (Mongolian: Оюу Толгой, also Oyu Tolgoi, Turquoise Hill) 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….Oyu Tolgoi mine.

Who owns Oyu Tolgoi mine?

the government of Mongolia
Current infrastructure at Oyu Tolgoi will allow the mine to operate for decades to come. Oyu Tolgoi is jointly owned by the government of Mongolia, which has 34% ownership, and Turquoise Hill Resources, which owns 66%. Rio Tinto owns 50.8% of Turquoise Hill Resources and manages the operation on behalf of the owners.

What do they mine in Mongolia?

Coal, copper, and gold are the principal reserves mined in Mongolia. Several gold mines are located about 110 kilometres (68 mi) north of Ulaanbaatar, such as Boroo Gold Mine and Gatsuurt Gold Mine. Khotgor Coal Mine is an open-pit coal mining site about 120 kilometres (75 mi) west of Ulaangom.

Will Rio Tinto buy Turquoise Hill?

“We are pleased to have reached a constructive and equitable agreement with Rio Tinto to fund the Oyu Tolgoi underground development,” stated Steve Thibeault, Interim Chief Executive Officer of Turquoise Hill.

Does Rio Tinto use open cut mining or underground mining?

To produce aluminium, copper, diamonds, gold, industrial minerals, iron ore and uranium, we own and operate open pit and underground mines, mills, refineries, smelters, power stations, research and service facilities. We also use our own railways, ports and ships to deliver materials to our customers.

Does Rio Tinto mine gold?

Rio Tinto’s gold and silver production 2010-2020 In 2020, Rio Tinto, an Anglo-Australian mining company, produced some 283,000 ounces of gold, and approximately 4.4 million ounces of silver.

What does Turquoise Hill mine?

In Australia, Turquoise Hill Resources has stakes in mines containing gold, uranium, copper and the world’s highest grade molybdenum and rhenium. In Mongolia the company controls several other gold and copper mine development projects. Since 2006 Rio Tinto invested $3.5 billion in Ivanhoe Mines.

What is Mongolian turquoise?

Mongolian Turquoise has undoubtable been sold over the years as many other brands of Turquoise. Many people mistake it for Tibetan Turquoise or Chinese Turquoise. Mongolian Turquoise has also been falsly sold as Morenci Turquoise, Kingman Turquoise and Turquoise from various spiderweb Turquoise mines in Nevada.

What does Turquoise Hill Resources do?

About Turquoise Hill Resources Ltd Turquoise Hill Resources Ltd. is an international mining company. The Company focuses on the operation and further development of the Oyu Tolgoi copper-gold mine in Southern Mongolia, which is the Company’s principal material mineral resource property.

Where is Oyu Tolgoi located in the world?

Rio Tinto owns 50.8% of Turquoise Hill Resources, which owns 66% of Oyu Tolgoi. Oyu Tolgoi, in the South Gobi region of Mongolia, is one of the largest known copper and gold deposits in the world. It is also one of the most modern, safe and sustainable operations in the world.

Who are the owners of the Oyu Tolgoi mine?

The site was discovered in 2001 and is being developed as a joint venture between Turquoise Hill Resources (a majority owned subsidiary of Rio Tinto) with 66% ownership and the Government of Mongolia with 34%.

Who was the first person to discover Oyu Tolgoi?

In his memoir, geologist D.Garamjav, who led the team that discovered the high-grade gold, copper and molybdenum surface zone at Oyu Tolgoi in 2001, noted that he had observed evidence of alteration and copper staining in the area when he did fieldwork in 1983.

How big was the Oyu Tolgoi discovery hole?

D.Garamjav was invited to choose the location of OTD-150, one of three deep drill holes that the project could afford. The discovery drill had a depth of 590 metres, and it penetrated a new zone of porphyry mineralisation containing high-grade gold, copper and molybdenum.