Vancouver-based Ivanhoe Mines Ltd. announced in late February that the llion Oyu Tolgoi copper and gold project is 73 percent complete, and that the mine is on track to begin production in the third quarter of 2012. Ivanhoe CEO Robert Friedland stated that installation of the two production lines and pre-commissioning work is ahead of schedule. A 100,000 ton capacity concentrator is more than 80 percent complete, according to Friedland, and the company will complete the first production line in the third quarter. Friedland added that after the project produces ore, copper, gold and silver concentrate this year, it will move toward commercial production in the first half of 2013.
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