Oyu Tolgoi LLC, Mongolia's largest copper and gold mining company and one of the most important of its kind in the world has released its financial report for the third quarter of this year.

• Mine accidents declined to 0.13 (accidents per 200,000 hours) during the first nine months of 2016. This shows that mine operations are safer now.

• Oyu Tolgoi LLC spent USD105.8 million on underground development work and has signed contracts worth more than USD750 million.

• The number of miners working in the new underground section increased to 1600 and will rise to 2400 by end of the year.

• Sales revenue during the third quarter was USD 226.3million; this representing a 31.4% decline on the previous quarter. The fall in gold prices on the world market has had a negative impact on revenue.

• The company produced 25 million tonnes during the first nine months of 2016; setting a new record.

• Copper production declined by 9.9% and gold by 47.1% on the previous quarter.