Press release

Oyu Tolgoi signs Project Finance agreement

Ulaanbaatar, Mongolia,

A signing ceremony for the Oyu Tolgoi underground Project Finance package was held in Ulaanbaatar, Mongolia on 16 December 2015. The event was held in the presence of Prime Minister Saikhanbileg, Minister for Mining R. Jigjid, Andrew Woodley, CEO – Oyu Tolgoi, Batsukh Galsan – Chairman of the Board of Directors, Oyu Tolgoi, and key representatives of the lender organizations participating in the project finance package, and key stakeholders.

Signatories included shareholders and key lenders, Jean-Sébastien Jacques – Chief Executive, Copper and Coal, Rio Tinto, Byambasaikhan Bayanjargal, CEO – Erdenes Mongol LLC, Jeffery Tygesen, CEO – Turquoise Hill Resources, Ganbold Davaadorj, CEO – Erdenes Oyu Tolgoi LLC, Stephen Wilhelm, Regional Vice President – EMEA, Export Development Canada, Namrata Thapar – Head, Global Mining, IFC and Riccardo Pullti – Managing Director, EBRD.

Please see the Rio Tinto press release on the project finance signing here, and the Turquoise Hill Resources press release here.

Please read the speech by Batsukh Galsan, Chairman - Oyu Tolgoi Board of Directors here.

About Oyu Tolgoi LLC (

Oyu Tolgoi LLC, Mongolia's largest copper and gold mining company, is a strategic partnership between the Government of Mongolia, Turquoise Hill Resources and Rio Tinto. Located in the South Gobi, Oyu Tolgoi commenced shipment of product to customers in July 2013. Oyu Tolgoi is managed by Rio Tinto, which is investing global expertise and cutting-edge technology to help develop Mongolia’s mining industry and ensure Oyu Tolgoi is one of the world’s most advanced mines. For Oyu Tolgoi, nothing matters more than safety. The business operates under the principle that if a job cannot be done safely, it will not be done at all.

For more information, connect with us on Facebook and Twitter.