Ulaanbaatar, Mongolia-The Communications department of Oyu Tolgoi LLC announced today the successful conclusion of the first Board meeting of 2011.
Board members reviewed and passed recommendations on the progress of the project as of the first quarter of the year. This included board committee charters, operational readiness, vocational training programmes, procurement update, Investment Agreement implementation, local community development policy and related short and long term planning and project funding.
The Board also reviewed the 2010 construction procurement overview and the 2011 construction procurement planning including the construction of the transmission line.
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.