Category: Press Release

A groundbreaking ceremony was held in Khanbogd Soum today, for the “Khanbogd School and Kindergarten Complex” construction project, funded by the Gobi Oyu Development Support Fund. The fund is financed by Oyu Tolgoi LLC and managed in partnership with the local community as part of the Cooperation Agreement. The Complex is expected to be completed…

Three millionth tonne of copper concentrate shipped US$44mn procurement spend in Umnugobi Oyu Tolgoi today released the latest edition of its scorecard updating its performance for the second quarter of 2017. Oyu Tolgoi continues to work with safety as its core priority. The All Injury Frequency Rate stood at 0.27 per 200,000 hours worked in…

During a ceremony at Sukhbaatar square today, Oyu Tolgoi handed over various vehicles and equipment to the Government of Mongolia, in support of fighting current wildfire situation and for preventative measures. The contribution is an important example of Oyu Tolgoi’s commitment to safety, and partnership with the community and the Government of Mongolia, and environmental…

Oyu Tolgoi LLC and its funded Gobi Oyu Development Support Fund donated MNT53 million (MNT53,123,100) worth safety boots, gloves and cash to the National Emergency Management Agency to support their fight against wildfire and ensure the safety of the agency officials. During the event, Oyu Tolgoi CEO Armando Torres noted that the Oyu Tolgoi LLC…

Today, our Oyu Tolgoi representatives participated in the “Cultural Naadam” at Khui Doloo Khudag. The event allowed guests to have a chance to discover the unique Mongolian heritage by participating in different activities showcasing many Mongolian traditions. In addition, catching the sight of the most admired Soyolon Horse Race finish and performance of the “Best…

Today, we are celebrating Mongolia’s cherished Naadam festival! A festival that is rich of Mongolian culture and history. Our Oyu Tolgoi sponsored the National Naadam’s opening ceremony and it was a wonderful moment for our employees to represent our company proudly and parade through the stadium. Our employees are true ambassadors of our business. We…

Oyu Tolgoi today announced an update on its performance for the quarter ended March 31, 2017. HIGHLIGHTS In the first quarter of 2017, Oyu Tolgoi was injury-free for 79 out of 90 days. Oyu Tolgoi achieved an All Injury Frequency Rate (AIFR) of 0.42 per 200,000 hours worked for the three months ended March 31,…

Oyu Tolgoi LLC today announced the signing of a new power purchase agreement (PPA) with the National Power Transmission Grid (NPTG) of Mongolia. Armando Torres, Chief Executive Officer of Oyu Tolgoi, said, “This is an important milestone for Oyu Tolgoi, and underscores the strong support and collaboration between the Government of Mongolia and Oyu Tolgoi…

Since the restart of the Underground project over the past year, Oyu Tolgoi has had many achievements to celebrate. Recently, we were recognized as the #1 Taxpayer Company in Mongolia for the second consecutive year with US$210.6 million paid in taxes, ranked #2 on the list of TOP 100 companies in Mongolia. These successes wouldn’t…

Oyu Tolgoi has announced the appointment of Armando Torres as Chief Executive Officer of Oyu Tolgoi LLC. Armando Torres has been a member of the Oyu Tolgoi Board and as Rio Tinto Managing Director – Oyu Tolgoi since 2016. Mr Torres will continue as a member of the Oyu Tolgoi Board. Mr Torres assumes the…