Strong Safety and Production Performance; us$36m Taxes Paid; us$59m National Procurement Spend
Oyu Tolgoi LLC today released the latest edition of its Performance Scorecard.
In the first quarter of 2016, Oyu Tolgoi maintained its focus on safety and saw no major incidents. During the period, Oyu Tolgoi was injury-free for 88 out of 91 days. All Injury Frequency Rate of 0.21 makes it one of the best safety performers across the Rio Tinto Group and peers in the industry.
The operation continued its strong environmental performance, consuming an average of 0.477 cubic metres of water per tonne of ore processed – significantly lower than comparable operations worldwide, which consume an average of 1.2 cubic metres per tonne – and recycling 84.5 per cent of water over the quarter.
Andrew Woodley, CEO of Oyu Tolgoi, said, “The Scorecard is a clear demonstration of our achievements and progress as a safe and globally competitive copper mine. We are extremely proud of our position among the leading safety performers in Rio Tinto Group, and indeed among all our peers around the world. This is especially significant as our employees have responded to the on-going market challenges faced by the entire industry with substantial productivity and efficiency improvements throughout our operations.”
The company, in the first quarter of 2016, paid US$36 million in taxes, fees and other payments, and spent nearly US$59 million on national procurement, of which US$11 million was in the South Gobi. The company invested approximately US$130,000 in training and education programmes, and US$1.5 million in various sustainable development projects in the South Gobi, during the quarter.
In April 2016, Oyu Tolgoi and its local partner communities also marked the first anniversary of the Cooperation Agreement, opening two new kindergartens in Dalanzadgad and completing the 2016 phase of the Youth Development Programme. These programmes underscore Oyu Tolgoi’s commitments to its partnership with the local communities and to the long-term sustainable development of Mongolia and, in particular, Umnugovi province.The Performance Scorecard provides regular updates on key operational parameters including safety, environmental performance, local employment, supplier spends and taxes paid, as well as broader investments in social and educational projects. The latest edition of the Oyu Tolgoi Performance Scorecard can be seen here.
About Oyu Tolgoi LLC (www.ot.mn)
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.