Submitted by MONTSAME on

The Oyu Tolgoi LLC earned 436 million US dollars in the second quarter of the year 2014.It means that the company sold approximately 202 thousand and 500 tons of copper concentrate. The sales amount increased by 320 per cent in the second quarter of this year compared to the same period of the previous quarter. It is project that the company will sell the concentrate more than the planned size in the second half of this year.Purchasing deals already have been signed to sell all of the copper concentrate extracted in 2014, and contracts also have been inked to sell 92 per cent of the mineral. Content of the mineral is likely rise to the extent of a depth of the mine.It is believed that the tax matter will be tackled in September 30, 2014, and a feasibility study for the underground mine is expected to be approved, the Executive Director of the Turquoise Hill said. By doing so, the financial matter for the underground mine will be completed before September 30, which is date of closing of bank credit.

X