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Press Release of Ivanhoe Mines

Ivanhoe Mines and Rio Tinto approve agreement to provide funding to continue full-scale construction toward early production in 2012 from first phase of Oyu Tolgoi copper-gold complex in Mongolia. New and existing funding measures could yield up to US$6.5 billion. Rio Tinto to fully participate in Ivanhoe Mines’ expanded rights offering now intended to raise up to US$1.2 billion. Companies agree to ...
Oyu Tolgoi is already helping to boost the Mongolian economy. How much bigger is it going to get? Rio Tinto has commissioned an independent economic assessment that has revealed some answers. Bridget Storrie reports: It’s just six kilometres from the President’s residence on the southern edge of Ulaanbaatar to the city centre. The road takes you over the newly finished ...
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Update on Oyu Tolgoi fire

Oyu Tolgoi, Umnugobi - On March 15, 2011 Oyu Tolgoi announced that there had been a fire in the head frame of the No. 2 Shaft. At that time, the company indicated it would provide an update on developments. The investigation of the fire has now been completed by both the police and Oyu Tolgoi’s internal investigation team. The internal ...
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Oyu Tolgoi Apprentice trades training

Oyu Tolgoi’s training department recruited 60 new trainees to undertake concentrator training at Darkan Polytechnic College commencing April 20, 2011, in line with Oyu Tolgoi’s training plans to develop a skilled workforce. This concentrator training programme was developed by American company, PAI, specifically for Oyu Tolgoi and is an animated, computer based training program. Trainers from Darkhan and Erdenet technology ...
Ulaanbaatar, Mongolia - A Memorandum of Understanding on preventing HIV/AIDS in the mining sector was signed today between Oyu Tolgoi LLC and the Mongolian Employers’ Federation. The HIV/AIDS Prevention Project is run by the Asian Development Bank and supported by the Mongolian Ministry of Health, the Deputy Prime Minister’s Working Group and the Mongolian Employers’ Federation. The aim of the ...