Update from Oyu Tolgoi

For more information please contact:
Ganzorig Tsend
Cell: 9908-5617

Ulaanbaatar, Mongolia (ot.mn) – This is an update from Oyu Tolgoi following a death at site on Saturday morning.

A police investigation is currently underway. Until the investigation is complete, we are unable to say any more about the incident.

However, we would like to point out that no workers are in danger.

There are currently more than 200 permanent security personnel at site, all employed by a Mongolian contracting company.

We would like to stress that construction is proceeding and all employees are working as normal.

ABOUT OYU TOLGOI LLC

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 one 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 MNT) in training and education and an additional US$27 million dollars (36 billion MNT) 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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