For more information please contact:
Ganzorig Tsend
Cell: 9908-5617
The Mine operates according to Mongolian laws on land and subsoil
Mongolia, Ulaanbaatar (ot.mn) Cameron McRae, CEO of Oyu Tolgoi, once said “ Oyu Tolgoi is the largest single economic stimulus in the history of Mongolia. The annual investment during the construction phase of the project is equal to one-third of the entire Mongolian economy. By the time the mine is brought into production investors will have provided over 9 trillion MNT ($7bn) to develop the largest economic vehicle in Mongolia.”
Oyu Tolgoi is aiming to mitigate any potential negative impacts on natural environment due mining operations at minimum level. For this, the company pursues objective of full compliance of Mongolian laws and regulations on environmental protection and appropriate use of land and subsoil and environmental standards. Oyu Tolgoi is implementing efficient land management in environmental monitoring to keep land deterioration at minimum and appropriate surface soil stripping and preservation and technical reclamation in degraded land due to mining operations.
Oyu Tolgoi project covers 8494.43 ha area and from this, it is planned to use 6880 ha area for mine development and mining operations. Environmental department of Oyu Tolgoi enforces “Internal regulation on permit to touch land” in order to enforce its policy on appropriate use of land. This regulation has following significances such as keeping land degradation within permitted area; appropriate surface soil stripping and preservation, driving of equipments and machinery through permitted roads only; reduce dust particles; keep impact on water sources, water well, winter and spring camps of local herders, biological diversities close to work area at minimum level; protection of old and newly registered cultural heritage sites etc. According to the internal regulation on permit to touch land, contractor companies are required to restore and rehabilitate degraded land in compliance with relevant standards. This means land reclamation and rehabilitation work will continue from mine development phase throughout mining phase until end of mine closure.
About Oyu Tolgoi LLC (www.ot.mn)
Oyu Tolgoi LLC is Mongolia's largest copper and gold mining company and is a strategic partnership between the Government of Mongolia (34 per cent stake), Ivanhoe Mines (66 per cent) and Rio Tinto. Rio Tinto is the major shareholder in Ivanhoe Mines and the manager of the Oyu Tolgoi project. In addition to dividends from its 34 per cent stake in Oyu Tolgoi, the Government of Mongolia will receive taxes and royalties.
Oyu Tolgoi, located in the Gobi desert in southern Mongolia, will be one of the largest and highest-grade copper and gold mines in the world. It is the largest project ever developed in Mongolia, requiring a capital investment for phase 1 of more than US$6 billion.
Oyu Tolgoi is committed to contributing to a sustainable future for Mongolia. At least 9 out of 10 employees will be Mongolian once the mine is in production and Oyu Tolgoi is investing US$58 million dollars (78 billion tugriks) in training and education and an additional US$27 million dollars (36 billion tugriks) in the Workforce Employment Project designed to help address the general skills shortage in Mongolia
Oyu Tolgoi's key priorities are the health and safety of employees, best-practice environmental management, contributing to sustainable communities and always doing business with integrity, for the benefit of all the project's shareholders and the people of Mongolia.
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