The success of turquoise hills venture with the mongolian government could determine the fate of a number of other minerals projects in the country. All structured data from the file and property namespaces is available under the creative commons cc0 license. United states position mongolia oyu tolgoi mining project european bank for reconstruction and development proposed investment february 26, 20. The report was written by somos vincent kiezebrink and continue reading. Preparations are underway to mine this ore using underground mining technics. Ivanhoe mines and rio tinto, two of the worlds leading mining companies, and the mongolian government formed a strategic partnership for construction and operation of the oyu tolgoi project. We are currently witness to the transformative influence of political power as a timeless pastoral society is driven to conform to a. Turquoise hill files 2014 oyu tolgoi technical report. Ot representative means a person appointed by ot under paragraph 3b of schedule 2. Perform coordination with other departments in oyu tolgoi project such as warehouse, procurement and maintenance, for spare parts purchase and other materials required to maintain a batch plant as part of asset management effort.
The best ore up to 80 per cent of the value of the project lies deep below the surface. Leading the maintenance team on daily, weekly and monthly maintenance task to prevent downtime issues. Ot llc is 66% owned by turquoise hill resources ltd trq and 34% owned by erdenes ot llc. This follows canadian stock exchange rules and shows positive project economics from 2015 forward as the basis for. The project the oyu tolgoi mine is a combined open pit and underground mining project in mongolias south gobi desert approximately 550km south of the capital, ulaanbaatar and 80km north of the mongoliachina border. An investment agreement for the first major mining project in the country is expected to act as a. The oyu tolgoi copper and gold project oyu tolgoi is being developed by the oyu tolgoi limited liability corporation ot llc. Civilizational and environmental effects of mongolias. Rio said it was very confident of its existing rights under the private placement agreement with ivanhoe from 2006. Jec announced today it signed a contract with oyu tolgoi llc to provide engineering, procurement and construction management epcm services for the next stage in the development of the oyu tolgoi copper and gold mine in mongolia, the oyu tolgoi underground project.
Centrals project history is designed to easily track development, decision making and assist with auditing. Our team has successfully implemented the website for oyutolgoi llc, a world famous copper mine. Oct 21, 2015 as well as containing reserves and resources that make it one of the worlds largest coppergold deposits, oyu tolgoi will have a transformative effect on the nation and the people of mongolia. With water being a critical resource for both the livelihoods and the culture of the local herders and as well as. The story of the discovery of oyu tolgoi mongolia focus. Tavan tolgoi, the second largest coal deposit in the world, sits in the south gobi desert, close to the border with china. Batch plant supervisor oyu tolgoi project, mongolia. Mongolia in partnership with ivanhoe mines and rio tinto.
By julian dierkes the dutch centre for research on multinational corporations somo published a report focused on a whole list of issues related to financial and governance structures for the oyu tolgoi project. This certificate applies to the technical report titled entreeoyu tolgoi joint venture project, mongolia, ni 43101 technical report, that has an effective date of 15 january, 2018 the technical report. With water being a critical resource for both the livelihoods and the culture of the local herders and as well as an input to the mine operations, rio tinto quickly. Ivanhoe mines oyu tolgoi copper mine fluor construction. As well as containing reserves and resources that make it one of the worlds largest coppergold deposits, oyu tolgoi will have a transformative effect on the nation and the people of.
Turquoise hill resources today announced that oyu tolgoi has achieved a significant underground development milestone with the completed sinking of. How a group of mongolian herders took on a mining giant and won. Second complaint oyu tolgoi02 regarding the oyu tolgoi. The move means rio, the financier of the mongolian mine at oyu tolgoi near the chinese border, faces the threat of dilution of its holding in ivanhoe or the possibility that another miner may gain a foothold on the project. The oyu tolgoi mine is located in the south gobi region of mongolia. Oyu tolgoi project idop technical report turquoise hill. It is also one of the most modern, safe and sustainable operations in. Oyu tolgoi site visit, october 2017 turquoise hill resources.
Tinto on friday said its board has approved a longawaited plan to develop a huge underground copper mine at its oyu tolgoi site in. United states position mongolia oyu tolgoi mining project. The overall oyu tolgoi project is an operational gold mine located in the southern gobi desert of mongolia, approximately 550km south of the capital, ulaanbaatar. The oyu tolgoi copper mine in mongolia is a worldclass open pit mine and underground project. Oyu tolgoi very large copper and gold mine, rio tinto. Entreeoyu tolgoi joint venture project mongolia ni 43101. The site was discovered in 2001 and is being developed as a joint venture between turquoise hill resources, rio tinto and the government of mongolia. This website provides appropriate and timely information for customers, shareholders, journalists and those who are interested in learning more about the ots performance and results by simply registering with their email address.
The survey will test oyu tolgois copper and gold mineralised trend. The oyu tolgoi ot project, one of the worlds largest copper and gold mines, is located in gobi desert of mongolia. Tavan tolgoi is 15 km sw from tsogttsetsii sum center, 98 km e from omnogovi province center dalandzadgad. More than 80% of oyu tolgois total value lies deep underground. The ot mine alone contains over 35 million tons of copper and 1,275 tons of gold and will likely drive mongolias gdp. Parties mean umnugobi aimag, khanbogd soum and ot, and a party means any one of them. Oyu tolgoi to progress the development of underground mine. Fisher, tuvshintugs batdelger, andrew gurney, ragchaasuren galindev, michael begg, bat buyantsogt, esmedekh lkhanaajav and burmaa chadraaval february, 2011. Oct 21, 2016 turquoise hill files 2016 oyu tolgoi technical report. Apr 04, 2016 in the oyu tolgoi mine area, for example, small circular pits and minor copper smelting slag from the bronze age were discovered during the extensive mineral exploration stage. Strategic objectives project has rich reserves in specific minerals. Executive summary an overview of oyu tolgoi phase 2 mining plans and some of the issues and risks associated with block cave underground mining, international metal price uncertainty, project power supply. Enthusiastic report on the project by rio tinto, on one of the main copper mines in the world. Oggy togtokhbayar onsite geology manager oyu tolgoi copper and gold mine, mongolia.
Preparations are underway to mine this ore using underground mining. Plans, issues and risks an overview of oyu tolgoi phase 2 mining plans and some of the issues and risks associated with block cave underground mining, international metal price uncertainty, project power supply, and impacts on water resources used by herders. We are currently witness to the transformative influence of political power as a timeless pastoral society is driven to conform to a marketdriven economy. Another example is erdenet, which was the largest mine in mongolia until the discovery of oyu tolgoi. Oyu tolgoi is one of the largest known copper and gold deposits in the world. Jacobs wins epcm contract for oyu tolgoi underground project. The biggest of mongolias megaprojects is the rio tintocontrolled oyu tolgoi coppergold mine, deep in the south of the gobi desert, 80. Oct 14, 2015 the best ore up to 80 per cent of the value of the project lies deep below the surface. Oyu tolgoi achieves significant development milestone with. Mongolia clears way for oyu tolgoi mine marketwatch. Mongolian pm meets rio tinto chief to explore oyu tolgoi.
Ot project means the oyu tolgoi project which consists of the core operations and all ancillary activities that are undertaken on, or in connection with, the contract area. Oyu tolgoi llcs majority owner 66% is turquoise hills resources, a canadian public company listed on the toronto stock exchange. Rio tinto says it remains confident in the longterm prospects for copper, as it pushes ahead with a multibilliondollar expansion of its key oyu tolgoi mine. Tavan tolgoi has coking coal deposit used in steelmaking, with reserves estimated at 7. Turquoise hill files 2016 oyu tolgoi technical report. This report sets out our analysis of huge oyu tolgoi mining project in mongolia, based entirely on. It primarily produces copper but also small amounts of gold, silver and other metals. Tolgoi power project, act as guarantees for investors into the power plant. The oyu tolgoi mine is a combined open pit and underground mining project in mongolias south gobi desert approximately 550km south of the capital, ulaanbaatar and 80km north of the mongoliachina border. Jan 14, 2015 the ebrd is considering a project involving the development, construction and operation of an open pit and underground mine and ore processing facility at the oyu tolgoi copper, gold, silver and molybdenum deposit located in the southern gobi region of mongolia, in the eastern part of omnogovi aimag in khanbogd soum, approximately 220 km from the aimag capital of dalandzadgad and 45 km. Report on coal fired power station from talvan togoi to provide electricity to the oyu tolgoi copper mine. The 600 mw tavan tolgoi power plant has been under discussion at the government. The 220 kw transmission line that is planned and, according to the ministry of environment, also approved, will provide electricity from the tavan tolgoi plant solely for the oyu tolgoi mine. The ot mine alone contains over 35 million tons of copper and 1,275 tons of gold and will likely drive mongolias gdp growth for at least the next three decades.
Two megaprojects represent the promise of mongolias mining sector. Jan 29, 2012 the move means rio, the financier of the mongolian mine at oyu tolgoi near the chinese border, faces the threat of dilution of its holding in ivanhoe or the possibility that another miner may gain a foothold on the project. Rio tintos oyu tolgoi project will bring jobs, along with expectations of improved health care and education to mongolia. Gt march 2010, from ivanhoe integrated development plan idp10. Oct 28, 2014 turquoise hill files 2014 oyu tolgoi technical report. But its also raising concerns about water supply in its most. The oyu tolgoi mine is a combined open pit and underground mining project in the gobi desert, approximately 235 kilometres east of the omnogovi province capital dalanzadgad. Executive summary an overview of oyu tolgoi phase 2 mining plans and some of the issues and risks associated with block cave underground mining, international metal price uncertainty, project power supply, and impacts on water resources used by herders. It is 150 km from oyu tolgoi and about 240 km north of the chinese border. Ifc is supporting economic growth in mongolia by investing in private sector companies and initiatives that create jobs, generate government revenues and follow high operating standards. Mongolian pm meets rio tinto chief to explore oyu tolgoi project. Mongolia, the vast central asian country, entered into the oyu tolgoi investment agreement with ivanhoe mines ivn and rio tinto nyse.
The ebrd is considering a project involving the development, construction and operation of an open pit and underground mine and ore processing facility at the oyu tolgoi copper, gold, silver and molybdenum deposit located in the southern gobi region of mongolia, in the eastern part of omnogovi aimag in khanbogd soum, approximately 220 km from the aimag capital of dalandzadgad and 45 km. Thg locals in the south gobi dessert are nice and frenly. The oyu tolgoi mine is located in the south gobi region of mongolia, approximately 550. The project consisted of openpit and underground mines, a copper concentrator, and supporting infrastructure to produce highquality coppergold concentrate. Gcr mongolias contract for sinking shafts 3 and 4 includes the construction of two shafts that will provide additional air ventilation into the existing tunnels of the operating mine. We are building an underground mine complex, using blockcaving mining techniques to extract the ore and transport it to the surface. Files are available under licenses specified on their description page. John chadwick described the whole oyu tolgoi project in detail in the april and may 2011 issues of the magazine, including much of the underground block cave planning. The oyu tolgoi mine is located in an arid, water scarce region of mongolia that is already being impacted by climate variability and increased desertification. The capital cost of ot phase 2 in the ot underground mine development and financing. The drawings files have been attached to this document. Work on the oyu tolgoi underground project, in mongolia, has been slowed as a result of measures put in place by mongolia to contain the spread of covid19, diversified mining major rio tinto said on monday. We would like to show you a description here but the site wont allow us. This report sets out our analysis of huge oyu tolgoi mining project in mongolia, based entirely on public sources, and mainly on a 2014 technical report published by turquoise hill resources.
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