Oyu tolgoi to progress the development of underground mine. Oyu tolgoi very large copper and gold mine, rio tinto. Mongolia to be transformed by giant rio tinto copper mine. The ebrd is considering a project involving the development, construction and operation of an open pit and underground mine and ore processing facility at the oyu tolgoi copper, gold, silver and molybdenum deposit located in the southern gobi region of mongolia, in the eastern part of omnogovi aimag in khanbogd soum, approximately 220 km from the aimag capital of. Media in category oyu tolgoi the following 27 files are in this category, out of 27 total. The report was written by somos vincent kiezebrink and continue reading. Rio tinto updates on oyu tolgoi project amid covid19. You can also try a different route while coming back by adding multiple destinations. John chadwick described the whole oyu tolgoi project in detail in the april and may 2011 issues of the magazine, including much of. Ot has committed to have a net positive impact on biodiversity of the southern gobi region by mine closure. Mongolian pm meets rio tinto chief to explore oyu tolgoi project.
Jacobs engineering wins rio tinto oyu tolgoi contract. The operation is predicted to have significant direct and indirect impacts on globally important biodiversity. Ivanhoe mines oyu tolgoi copper mine construction fluor. Ivanhoe mines and rio tinto, two of the worlds leading mining companies, and the mongolian government formed a strategic partnership for construction and operation of the oyu tolgoi project. The ebrd is considering a project involving the development, construction and operation of an open pit and underground mine and ore processing facility at the oyu tolgoi copper, gold, silver and molybdenum deposit located in the southern gobi region of mongolia, in the eastern part of omnogovi aimag in khanbogd. At the time, the project was being considered for financing by ifc and miga1. Jacobs wins epcm contract for oyu tolgoi underground project. Oyu tolgoi llcs majority owner 66% is turquoise hills resources, a canadian public company listed on the toronto stock exchange. Oxfam australia submission on the oyu tolgoi coppergold. Provided that the expansion is undertaken as scheduled, the idp indicates that oyu tolgoi open pits could produce 35 billion pounds of copper and 11 million ounces moz of gold over the projected, initial 35year life of the mine, based on.
Turquoise hill files 2016 oyu tolgoi technical report. Executive summary an overview of oyu tolgoi phase 2 mining plans and some of the issues and risks associated with block cave underground mining, international metal price uncertainty, project power supply, and impacts on water resources used by herders. Angloaustralian mining giant rio tinto plc rtntf,rio,rio. Oyu tolgoi has a projected mine life of at least 40 years and is set to generate thousands of jobs and billions of dollars in. Oyu tolgoi is a very large project that includes four separate deposits, as shown in figure 1, and longterm development of oyu tolgoi would involve the development of the resources on all deposits. L, rtppf, in its update on oyu tolgoi project, said monday it is working along with the mongolian government to ensure that the project is operating in accordance with the restrictions the. Pronunciation of oyu tolgoi with 1 audio pronunciation, 4 translations and more for oyu tolgoi. Turquoise hill files 2014 oyu tolgoi technical report.
Anton rhling program manager oyu tolgoi financial model. Oyo tolgoi owners believe the project has the potential to achieve a mill throughput of 95,000tpd. Fisher, tuvshintugs batdelger, andrew gurney, ragchaasuren galindev, michael begg, bat buyantsogt, esmedekh lkhanaajav and burmaa chadraaval february, 2011. Purpose of the environmental and social impact assessments. Rio controls the project through its majority ownership of turquoise hill, the separatelylisted canadian miner that owns 66 per cent of oyu tolgoi. The site was discovered in 2001 and is being developed as a joint venture between turquoise hill.
Plans, issues and risks an overview of oyu tolgoi phase 2 mining plans and some of the issues and risks associated with block cave underground mining, international metal price uncertainty, project power supply, and impacts on water resources used by herders. We are excited at the opportunity to contribute significant value to our client and the nation of mongolia. It primarily produces copper but also small amounts of gold, silver and other metals. Oyu tolgoi is the ultimate business project starting today. Ganbold davaadorj chief executive officer, erdenes oyu tolgoi llc 2. Mongolia must accept blame over rio tinto mine dispute. All content is posted anonymously by employees working at oyu tolgoi. Like erdenet, further development of the oyu tolgoi project coincided with a. This project will no longer be a target of political rhetoric but will be a beacon of mongolias growth. By julian dierkes the dutch centre for research on multinational corporations somo published a report focused on a whole list of issues related to financial and governance structures for the oyu tolgoi project. The project consisted of openpit and underground mines, a copper concentrator, and supporting infrastructure to produce highquality coppergold concentrate. A free inside look at oyu tolgoi salary trends based on 1 salaries wages for 1 jobs at oyu tolgoi. Enthusiastic report on the project by rio tinto, on one of the main copper mines in the world.
Second complaint oyu tolgoi02 regarding the oyu tolgoi. Development of an offset strategy for the oyu tolgoi mine. Land of genghis khan to become global copper superpower after mega deal to build giant underground oyu tolgoi mine. To create a return travel plan from ulaanbaatar to oyu tolgoi, please enter start and end locations in calculator control and go to the return travel option for complete travel summary. The oyu tolgoi project oyu tolgoi ot is a huge copper and gold mine operated by rio tinto in the southern gobi. A case study of mineral and geological exploration provides a detailed account of the exploration for copper deposits that took place in mongolia in the mid1990s, an exploration that was first started by magma copper and then continued by bhp billiton world exploration inc. Oyu tolgoi, located in the desolate south gobi desert, is one of the worlds richest copper deposits and is considered a key growth asset for rio tinto. Mongolian pm meets rio tinto chief to explore oyu tolgoi. Jec announced today it signed a contract with oyu tolgoi llc to provide engineering, procurement and construction management epcm services for the next stage in the development of the oyu tolgoi copper and gold mine in mongolia, the oyu tolgoi underground project. Summary of action mongolias mining sector is a significant contributor to the economy as well as a key.
Otgochuluu chuluuntseren chief executive officer, turquoise hill resources director general, department of strategic policy and planning at ministry of mining, mongolia 3. The oyu tolgoi mine is a combined open pit and underground mining project in mongolias south gobi desert approximately 550km south of the capital, ulaanbaatar and 80km north of the mongoliachina border. Oxfam australia submission on the oyu tolgoi coppergold mine project. The ot mine alone contains over 35 million tons of copper and 1,275 tons of gold and will likely drive mongolias gdp growth for at least the next three decades. The oyu tolgoi ot project, one of the worlds largest copper and gold mines, is located in gobi desert of mongolia. The oyu tolgoi mine is a combined open pit and underground mining project in khanbogd sum within the south gobi desert, approximately 235 kilometres east of. Salaries posted anonymously by oyu tolgoi employees. Since 2010, rio tinto has also been the manager of the oyu tolgoi project. Gobi oyu development support fund was established on september 25, 2015 as a standalone legal entity to implement the cooperation agreement between oyu tolgoi llc and its partner communities composed of the umnugovi aimag, and the khanbogd, manlai, bayanovoo and dalanzadgad soums. The oyu tolgoi underground project is one of the largest mining projects worldwide.