The Oyu Tolgoi LLC Board of Directors has approved development work to commence under an alternative mine plan for the copper-gold mine in Mongolia. This decision comes amidst steady progress at the mine, with production from Panel 0 and Panel 2 anticipated in 2025 and 2026. The alternative plan ensures continued advancement of the project.
Engagement continues with Entrée Resources and the Government of Mongolia on the transfer of licenses to allow mining in the Entrée joint venture area. This ongoing dialogue is crucial for the long-term development and expansion of Oyu Tolgoi. The flexibility in mine planning demonstrates adaptability to evolving conditions.
This operational milestone ensures that the Oyu Tolgoi project maintains its momentum towards becoming one of the world's largest copper mines. The approval of an alternative plan mitigates potential delays and supports the company's copper growth strategy. It reflects a proactive approach to managing complex mining developments.
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