BRIEF-Turquoise Hill Resources announces Q4 production

Wed, 15 Jan - 11:52pm

Jan 15 (Reuters) - Turquoise Hill Resources Ltd TRQ.TO :

* Announces fourth quarter 2013 production

* Says oyu tolgoi produced 76,700 tonnes of copper in concentrates in 2013

* Says for 2014, expects oyu tolgoi to produce 150,000 to 175,000 tonnes of

copper in concentrates

* Says for 2014, expects oyu tolgoi to produce 700,000 to 750,000 ounces of

gold in concentrates

* Says oyu tolgoi is expected to return to more normal inventory levels by the

end of the year

* Oyu tolgoi has signed contracts for 2014 delivery for the majority of the

inventory on hand at the end of 2013

* Daily shipments rates not yet aligned with production rates as 2 oyu tolgoi's

experienced technical difficulties

* Some sales volumes have been deferred into Q2, Q3 of 2014 and inventories are

expected to build during Q1 2014

* Says oyu tolgoi concentrator throughput in December 2013 was above target

* Source text for Eikon News Search ID:nMKWHKnz1a

* Further company coverage TRQ.TO ((Bangalore Newsroom; +1 646 223 8780))

URN: 
urn:newsml:reuters.com:20140115:nWNAB040YN:12
Topics: 
CMPNY CA PREC MINE BLR METL RTRS MIN GDM RESF BMAT MINMTL ENER MEMI US RES MET MN COM COAM ASIA LEN BACT MTAL AMERS

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