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TRQ: OYU TOLGOI ANNOUNCES COMPLETION OF UNDERGROUND VERTICAL SHAFT 5 SINKING AND REACHED THE FINAL DEPTH
Turquoise Hill Resources announces that Oyu Tolgoi completed the sinking of vertical Shaft 5, reaching the final depth of 1,178 meters. In the fourth quarter of 2017, the installation of the air-conditioning fan in the Shaft 5 has begun, 
and it is planned to be completed in the second quarter of 2018. Shaft 5 is a ventilation shaft that has a diameter of 6.7 meters. The Shaft 5 will help to improve the operating capacity of the underground mine. In addition, the Shaft 2 sinking was completed in January, 2018. In 2018, the company is planning to complete equipment installation. The construction of the underground mine continues successfully, said Turquoise Hill Resources. Shares of the company declined 1.17 percent on the Toronto Stock Exchange on Tuesday. Rio Tinto's shares rose 0.67 percent on the Australian Securities Exchange this Wednesday.
Source: BloombergTv.mn
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