Oyu Tolgoi – performance snapshot - News.MN

Oyu Tolgoi – performance snapshot

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2019/05/23

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Oyu Tolgoi – performance snapshot

The Oyu Tolgoi copper and gold mining complex, released the latest edition of its scorecard on 23 April, providing its performance for first quarter of 2019.

-Copper production reached 45,800 tonnes; an increase of 18.2 percent on the first quarter of 2018.

-Gold production rose to 120,000 ounces; an increase of 187.6 percent on the same period in 2018.

– Oyu Tolgoi paid a total of USD 85.7 million in taxes, fees and other payments. The company paid USD 2.4 billion in taxes, fees and other payments to the Government of Mongolia between 2010 and 2019, including, USD 57.7 million in taxes and USD 28 million in value-added-tax in the first quarter of 2019.

– The company spent USD 98 million in local product procurement.

– Oyu Tolgoi contributed USD 9 billion in cash to support local development.

A total of 93 percent of employees are Mongolians; 20.8 percent of them are from South Gobi Province.

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