Ulaanbaatar, Mongolia – The Oyu Tolgoi LLC Communications Department announced today the completion of the quarterly Board of Directors meeting of Oyu Tolgoi LLC and its sub-committees onSeptember8- 9, 2011 in Ulaanbaatar.
The Board discussed an updated progress report of the Oyu Tolgoi project implementation with emphasison the geological exploration, construction of underground and open pit mines, extraction preparation, production and future prospects.
The Board also instructed and assigned company administration and executive management to pay special attention to policy and regulations of employee health and safety and provided guidance for further actions.
The Board discussed the implementation of Investment Agreement, project funding status and progress, environment, community relations, regional development and draft procurement policy, rules and regulations.
At this peak construction stage of Oyu Tolgoi, respective decisions were made to ensure readiness for extraction and production such as: logistics, marketing, electricity supply, vital for commencing production, specifically building of power station, importing electricity from China and construction of electricity transmission lines.
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.