Description
The Oyu Tolgoi mine is in the South Gobi Desert of Mongolia, 80 kilometres (50 mi) north of Mongolia's border with the People's Republic of China, where the mined copper is expected to be shipped. Oyu Tolgoi deposits contain (as of 2010) an estimated 79 billion pounds (35,833,000 tonnes) of copper, and 45 million ounces (1,275,000,000 grams) of gold. Production is scheduled to begin in 2013 and to reach full capacity in 2018. Over the anticipated lifespan of the mine (45 years), Oyu Tolgoi is scheduled to produce 450,000 tonnes (500,000 short tons) of copper per year, an amount equal to 3% of global production. Oyu Tolgoi is also expected to produce 330,000 ounces of gold annually. Rio Tinto intends to employ 3,000-4,000 people from Mongolia.
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