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Oyu Tolgoi reaches one million tonne shipment milestone

Ulaanbaatar, Mongolia - Oyu Tolgoi today announced that it had shipped its one millionth tonne of copper concentrate.

Oyu Tolgoi has reached the million tonne milestone after the first shipment of concentrate was delivered in July 2013.

Speaking on this achievement, Andrew Woodley - President and CEO, Oyu Tolgoi LLC, said: "This is a major milestone for the company. To reach a million tonnes in such a short time has required extraordinary teamwork from each member of the Oyu Tolgoi family, along with the strong support of our stakeholders.

"It is particularly fitting that we have reached this milestone on the eve of Tsagaan Sar, a time to traditionally celebrate what we have achieved in the year past - and raising our sights for the year ahead.

"I sincerely thank each and every Oyu Tolgoi employee - and contractor - for helping us reach this important achievement. I know there will be many more milestones as we improve production and efficiency and create real value, knowledge and skill."

The one millionth tonne is the latest in a series of milestones as Oyu Tolgoi completes its journey to steady-state operations. After the completion of construction in 2013, last year saw the first full year of operations, with production and shipments steadily ramped up. Oyu Tolgoi paid approximately US$250 million in taxes, fees and other payments and spent over US$300 million for national procurement in 2014. The business will continue to focus on maintaining safety as its first priority, improving competitiveness, and continuing to position itself as the supplier of choice for customers.

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.

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