Oyu Tolgoi issues were of most interest among the journalists at the monthly briefing held by the Ministry of Mining.
Addressing the issue Head of Strategic Policy and Planning department of Ministry of Mining Ch.Otgochuluu replied with following.
“Oyu Tolgoi concentrator is working at full capacity and the operations are at normal pace. Some mistakenly say as if the construction of the second stage of the mine is underhalt. If it is to be compared with construction of a 15 storey building the current process is at construction of the first 2-3 storeys.
The project is waiting for a more suitable loan rates in order to finance high costs. Differences are at the loan conditions. Whereas the construction of the second phase will proceed anyway. We are negotiating on the loan conditions at the moment. There is no need for rush decisions.”
Oyu Tolgoi issues were of most interest among the journalists at the monthly briefing held by the Ministry of Mining.
Addressing the issue Head of Strategic Policy and Planning department of Ministry of Mining Ch.Otgochuluu replied with following.
“Oyu Tolgoi concentrator is working at full capacity and the operations are at normal pace. Some mistakenly say as if the construction of the second stage of the mine is underhalt. If it is to be compared with construction of a 15 storey building the current process is at construction of the first 2-3 storeys.
The project is waiting for a more suitable loan rates in order to finance high costs. Differences are at the loan conditions. Whereas the construction of the second phase will proceed anyway. We are negotiating on the loan conditions at the moment. There is no need for rush decisions.”