Ulaanbaatar, Mongolia - Oyu Tolgoi LLC today released its performance ‘Scorecard’ for the first quarter of 2015. The scorecard is intended to provide a regular, high-level update on key parameters around the operation – including direct impact measures like local employment ratios, supplier spend and taxes paid; environmental factors like water use; and, broader impacts like investment in social and educational projects, and overall spend / investments to-date.
Andrew Woodley – President and CEO, Oyu Tolgoi, said: “The Oyu Tolgoi Scorecard is an important tool for measuring ourselves against our mission: ‘to deliver a safe and globally competitive business which contributes to the prosperity of Mongolia,’ and speaks directly to one of our core values – accountability.”
Performance in the first quarter of 2015 captured Oyu Tolgoi’s continuing momentum across these parameters, with the company’s strong safety focus delivering no major incidents, and an injury-free performance for 86 out of 90 days, between January and March 2015.
Oyu Tolgoi paid US$ 66.4 million in taxes for the quarter, and spent US$ 78.3 million on national procurement in the same period, of which US$ 14.1 million was spent with suppliers in the South Gobi region.
For more details on Oyu Tolgoi’s performance, please see the Scorecard. The 2014 Scorecard, which measured performance in the same parameters across last year, was published in January. The Scorecard is updated quarterly.
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.