Author: Munkhbadral
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Oyu Tolgoi announces Q1 2021 performance results
Continued its globally competitive safety performance Strengthened our COVID-19 response and mitigation measures Maintained its highest water use efficiency per tonne of ore production In-country spend reaches US$12.3 billion Spent US$98 million on national procurement Oyu Tolgoi released its latest performance scorecard, highlighting key performance metrics for the first quarter of 2021, providing an update…
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Oyu Tolgoi LLC releases its 2020 Year in Review
Oyu Tolgoi published its Year in Review 2020 report today. Here are some key facts of the Year in Review 2020 report: At the end of 2020, the All Injury Frequency Rate was 0.15 per 200,000 people hours worked, which makes Oyu Tolgoi one of the safest performers across Rio Tinto Group. Between 2010 and…
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Partnership for Future of Mining: Geotechnical Capability Development Launched Successfully
Oyu Tolgoi LLC and Rio Tinto in partnership with the Mongolian University of Science and Technology (MUST) today launched a joint project to build and develop the capability of geotechnical and mining professionals in Mongolia Rio Tinto Mongolia and Oyu Tolgoi LLC will provide $2.75 million in funding for the project, which will run until…
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The first comprehensive PCR laboratory, established with Rio Tinto Mongolia’s COVID-19 relief fund, has been launched
HE FIRST OF FOUR LABORATORIES, each of which includes 19 equipment and accessories that are used for PCR laboratories according to WHO guideline , is now ready to serve the public. The first of four fully equipped PCR laboratories with a set of essential 19 equipment and accessories have been launched at the National Center…
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Oyu Tolgoi announces Q4 2020 performance results
Continued its globally competitive safety performance Paid US$294 million in taxes, fees and other payments Achieved 2020 full-year production guidance Achieved its highest performance record for the underground lateral development Achieved its highest water use efficiency per tonne of ore production Spent US$360 million on national procurement Oyu Tolgoi released its latest performance scorecard, highlighting…
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Oyu Tolgoi LLC and tax
Oyu Tolgoi LLC is consistently recognized as one of the largest taxpayers in Mongolia. Oyu Tolgoi LLC has paid more than MNT5.8 trillion (approximately US$2.8 billion) in taxes, royalties and fees to the Government of Mongolia since 2010. Oyu Tolgoi LLC is a major contributor to the Mongolian economy, with gross in-country spend of over…
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Oyu Tolgoi awarded 30 students with full scholarship
Oyu Tolgoi awarded 30 students with its company scholarship today reaffirming its vision, “Natural resources to enduring value, knowledge and skill” for Mongolia. Since 2010 the company has provided scholarships and other educational benefits to 3,252 students by its tailored leadership and career development programmes. Oyu Tolgoi scholarships consists of full academic year tuition, monthly…
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Oyu Tolgoi announces Q3 2020 performance results
Globally competitive safety performance continues Awarded the Copper Mark for responsible production On track to achieve 2020 copper and gold production guidance Paid US$201 million in taxes, fees and other payments to the Government of Mongolia Spent US$273 million on national procurement Oyu Tolgoi released the latest edition of its performance scorecard, highlighting key performance…
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Oyu Tolgoi mine awarded the Copper Mark for its responsible production
Oyu Tolgoi is proud to be awarded the Copper Mark, the copper industry’s new responsible production program. To be awarded the Copper Mark, Oyu Tolgoi has demonstrated that it meets over 30 criteria for responsible environmental, social and governance operating practices. Oyu Tolgoi chief executive Armando Torres said, “We are pleased to be among the…