SMM7, March 3: according to a statement released by Rio Tinto today, the cost of its flagship business growth project (Mongolia Oyu Tolgoi Underground Copper Mine) is as high as US $13-1.8 billion, to US $7.1 billion. According to Arnaud Soirat, chief executive of the company's copper and diamond division, the potential impact of future outbreaks on the project has not yet been taken into account. The project may face production delays of nearly two and a half years, and the first sustainable production time may be delayed by 21 Mel 29 months until 2023.
The latest feasibility study for the Oyu Tolgoi underground copper mine has been completed. Rio Tinto will submit the results of the feasibility study to the Mongolian government. The updated feasibility study results are as follows:
Oyu Tolgoi Underground Copper Mine expansion Project Turquoise Hill Resources Ltd. controlled by Rio Tinto The development is aimed at meeting the growing demand for copper in power infrastructure, renewable energy and electric vehicles. The company and its partners aim to eventually produce more than 500000 tons of copper per year, which will make the mine one of the top mines in the world.
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