demoasfen.blogg.se - Merlin project management review 2011

In the meantime, additional diesel-powered generating capacity has been approved to meet the project's requirements during the remaining stages of construction. Subject to negotiations and final agreement, the remaining permits, commercial arrangements and power-purchase tariffs are expected to be expedited to ensure that imported power will be available at the Oyu Tolgoi site by Q3'12. Discussions between the Mongolian and Chinese governments were held during Q2'11 and Q3'11 and are expected to conclude a bilateral agreement that would secure the supply of initial electrical power from China.The transmission line is planned to be extended across the Mongolian border by Chinese contractors to tie into the neighbouring Inner Mongolian electrical grid in China. Construction of the transmission towers was completed in October 2011 and the stringing of power cables is expected to commence in spring 2012. In May 2011, the Oyu Tolgoi Project received the final approvals required to proceed with construction of a 220-kilovolt power transmission line from Oyu Tolgoi along a 95- kilometre route south to the Mongolia-China international border.

These Mongolian employees will form the bulk of the eventual production workforce. Approximately 7,820 Mongolians were employed at the Oyu Tolgoi site, with an additional 3,300 Mongolians participating in offsite training and educational programs.

Oyu Tolgoi's site-based construction workforce was approximately 14,760 at the end of Q3'11, with approximately 11,680 working on site each day and the balance on leave.

Sinking of the shaft is expected to commence in the second half of November 2011. The headframe and ancillary buildings were 59.9% complete at the end of Q3'11.

Construction of Shaft #2 infrastructure is progressing well.

Lateral mine development 1,300 metres below surface at Hugo North is on schedule, achieving an advance during Q3'11 of 1,187 metres, for a total of 9,126 metres completed since tunnelling started in 2008.

The development of the first lift of the phase-two underground block-cave mine at the Hugo North Deposit continued successfully during Q3'11.

By the end of Q3'11, approximately 1.3 million tonnes of overburden material had been moved. Pre-stripping for the phase-one open-pit mine on the gold-rich Southern Oyu deposits at Oyu Tolgoi began in August 2011.Facilities required for first ore production in mid-2012 remain on schedule and commercial production is expected to commence in the first half of 2013. Total capital invested in the project to the end of Q3'11 was approximately $3.2 billion. Key elements of the project, including the concentrator complex, primary crusher and tailings-thickening ponds, remain ahead of schedule. Overall construction at Oyu Tolgoi continues to advance on budget and reached a 54.4% level of completion at the end of Q3'11.HIGHLIGHTS DURING THE QUARTER AND SUBSEQUENT WEEKS All figures are in US dollars, unless otherwise stated. 14, 2011) - Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) today announced its results for the quarter ended September 30, 2011.