Oyu Tolgoi is the world’s largest undeveloped copper-gold project and is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border.
The comprehensive Oyu Tolgoi Investment Agreement took effect March 31, 2010, following confirmation by the Government of Mongolia that procedural and administrative conditions contained in the Investment Agreement had been satisfied within the allocated six-month period that has followed the agreement’s official signing in October 2009. The comprehensive Investment Agreement now has taken full legal effect.
On October 6, 2009, Turquoise Hill Resources and Rio Tinto signed a long-term, comprehensive Investment Agreement with the Government of Mongolia for the construction and operation of the Oyu Tolgoi copper-gold mining complex. The agreement creates a partnership between the Mongolian Government — which acquired a 34% interest in the project — and Turquoise Hill Resources, which retained a controlling 66% interest in Oyu Tolgoi. Global miner Rio Tinto, which joined Turquoise Hill Resources as a strategic partner in October 2006, is managing the development of Oyu Tolgoi.
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- ‘Best Project’ in Bloomberg’s Excellence in Business in 2012 awards, mongolia Oyu Tolgoi (copper-gold) (theinvesmentman.wordpress.com)
- Rio says Oyu Tolgoi could start shipping this month (mining.com)
- Mongolia downgrade bolsters Turquoise Hill in Oyu Tolgoi talks. Shares up 12% (mining.com)
- Oyu Tolgoi CEO Says Funding Advanced; Mongolia Talks Constructive (emergingfrontiersblog.com)
- Turquoise Hill Resources Announces Financial Results and Review of Operations for the First Quarter of 2013 (sys-con.com)
- Why You Should Invest in Precious Metals (epicafinance.com)
- Rio Tinto Expects Mongolia’s OK for Oyu Tolgoi Exports Soon (emergingfrontiersblog.com)
- Turquoise Hill Resources Provides Oyu Tolgoi Update at Annual Shareholders’ Meeting (sys-con.com)
- Mongolia Scolds Rio Tinto on Costs As Riches Replace Yurts (bloomberg.com)