Oyu Tolgoi: Past, present, future report
On behalf of the Oyu Tolgoi family, we have the pleasure of presenting to you ‘Oyu Tolgoi: Past, Present and Future’.
This book was written recognising that Oyu Tolgoi is in many ways unique, not only for Mongolia – but for the global mining industry.
This is a pioneering project, built on the foundation of an agreement between the Government of Mongolia, Turquoise Hill Resources and Rio Tinto that is going to be the third largest copper producer in the world. It is a business that has already made a significant economic contribution to Mongolia, with approximately US$8 billion already directly spent in country, of which over US$1.6billion in taxes, royalties and other payments directly to the state. This has made Oyu Tolgoi one of the largest tax payers in the country, something we are very proud of.
In addition, Oyu Tolgoi – with its contractors – today employs over 16,000 people of whom over 94% are Mongolian nationals. Add to this over 1,200 Mongolian companies that we work with, and a total workforce of over 45,000 people contributing to our progress everyday.
Even as a very young business, we have excelled – meeting and exceeding global standards. Our environmental record is second to none, with a best in class water usage performance and recycling. Oyu Tolgoi’s community development efforts – from water, roads, health, animal health and much more are recognised as among the best in the world and a true partnership with our community.
The project is the largest industrial undertaking in Mongolia today, and will be the foundation of economic development for the country for decades to come. Each member of the Oyu Tolgoi family is proud of the contribution we make, and eager to tell our story to the world.
This book is our effort to tell the Oyu Tolgoi story, from the pioneering beginning, to the exceptional business we are today – and the future we are building for generations to come.
We hope that this book will address any question you may have about Oyu Tolgoi, and equip you to be an ambassador in our pursuit to fulfil our mission: ‘Together deliver a safe and globally competitive copper business that contributes to the prosperity of Mongolia.’
We look forward to any questions or comments you may have, and request your support in telling the story of Oyu Tolgoi – we are a citizen of our community, and we only succeed by working together – Khamtdaa.
Click here to see the full report.