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Oyu Tolgoi concentrate shipment volumes to customers continued to steadily improve with on-site concentrate inventory levels reducing by 30% over the quarter. Above target inventory levels remained at the end of Q1 2022, and management continues to focus on returning them to target levels. The challenges relating to the continued …
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Oyu Tolgoi, about 550 kilometers (350 miles) south of Ulan Bator, started digging copper from an open pit in 2012 before developing the underground mine that its operators say is more valuable. The mine, with a workforce of 20,000, says it has paid $4 billion in taxes and other fees to the government.
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The $13.2 billion Oyu Tolgoi (OT) Mining Project, operated by Rio Tinto, is the largest foreign investment in Mongolia. OT secured $4.4 billion from 20 banks and financial institutions, including the World Bank Group's International Finance Corporation (IFC) and Multilateral Insurance Guarantee Agency (MIGA), to fund an underground mine …
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Management Team. As a large business, with multiple shareholders, the way we manage and guide the business is important. Our leadership is made up of both a management team, known as the CEO Team, which manages the business on a day-to-day basis, and a Board of Directors, which provides oversight and direction on behalf of the shareholders.
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Luvsannamsrain Oyun-Erdene, the Prime Minister of Mongolia, said, "The commencement of Oyu Tolgoi underground mining operations demonstrates to the world that Mongolia can work together with investors in a sustainable manner and become a trusted partner. As part of our "New Recovery Policy", I am happy to express Mongolia's …
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The updated feasibility study issued this week from Oyu Tolgoi LLC (owned 66% by Turquoise Hill and 34% by the Mongolian government), which is in the process of being submitting to the Government of Mongolia in accordance with Mongolian regulations and standards that require mining companies to submit updated feasibility studies every …
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Developer : The Oyu Tolgoi project located in the South Gobi desert of Mongolia ranks among the world's largest copper-gold mines. Oyu Tolgoi LLC is the project developer, in which Turquoise Hill Resources holds 66% stake. Erdenes Oyu Tolgoi, a wholly-owned enterprise of the Government of Mongolia, holds the remaining 34% stake.
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The project has deployed a number of mitigations that include extended on-site rosters, securing commitments from critical vendors to remain on site for extended periods and layered screening of personnel. Oyu Tolgoi LLC recently stated: " All of Oyu Tolgoi's achievements are the result of the hard work and dedication of our employees. …
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During construction, the Oyu Tolgoi Board agreed to a number of scope additions that bring additional value to the project, including: Industry-wide cost increases are estimated to have averaged 18% a year (or 60% over three years) for comparable projects during the same time it took to build Oyu Tolgoi. Oyu Tolgoi's cost increase was
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The Oyu Tolgoi deposits lie within the middle to late Palaeozoic Kazakh-Mongol magmatic arc, part of the Transbaikal-Mongolian orogenic collage (Yakubchuk, 2002, Yakubchuk, 2005), which with the Altaid tectonic collage to the west (Sengör et al., 1993, Sengör and Natal'in, 1996, Yakubchuk, 2004), forms the 5000 km long, by up to …
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"Oyu Tolgoi" LLC (the 'Company') would like to invite potential experienced suppliers to submit their Expression of Interest (EOI) in relation to supply of "38" SAG Mill Discharge Chute".[An EOI is only a preliminary step to a formal tender process to understand and identify whether there are potential suppliers in the market that are interested in and …
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Luvsannamsrain Oyun-Erdene, the Prime Minister of Mongolia, said, "The commencement of Oyu Tolgoi underground mining operations demonstrates to the world that Mongolia can work together with investors in a sustainable manner and become a trusted partner. As part of our "New Recovery Policy", I am happy to express Mongolia's readiness to ...
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Introduction. "Friedland came out his helicopter. He had a red jumper and running shoes on. He kissed the land and run straight to the Oyu Tolgoi discovery site.". A local elder told me this story. The date is not clear but he surely referred to the early 2000s when there was exploding excitement around the discovery of the Oyu Tolgoi deposit.
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The Oyu Tolgoi project seems on track for now. There are still political challenges ahead. On December 30, 2021, the parliament of Mongolia adopted a resolution outlining the steps the country should take to improve its agreement with mining giant Rio Tinto, which manages the Oyu Tolgoi copper and gold mining joint venture (see box …
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Oyu Tolgoi has also worked on the value chain, introducing high intensity blasting in the open pit to increase help increase fragmentation for material going to the mill. The significant benefits have been achieved despite increasing ore hardness and the concentrator milling effective utilisation is expected to remain above 94%, which fits the ...
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The Oyu Tolgoi high sulphidation overprinted porphyry copper-gold-(molybdenum) deposit is located in the Gobi Desert of southern Mongolia, 550 km due south of the capital, Ulaanbaatar and 80 km north of the Chinese border (#Location: 43° 1' 17"N, 106° 51' 19"E). Summary The Oyu Tolgoi cluster of porphyry Cu-Au-Mo deposits in southern Mongolia, …
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1 The 500ktpa target (stated as recovered metal) for the Oyu Tolgoi underground and open pit mines is underpinned 17 per cent by Proved Ore Reserves and 83 per cent by Probable Ore Reserves for the years 2028-2036. These production targets have been scheduled from current mine designs by Competent Persons in accordance …
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