Oyu Tolgoi pleased with Q3 results - News.MN

Oyu Tolgoi pleased with Q3 results

Old News! Published on: 2019.10.24

Oyu Tolgoi pleased with Q3 results

Oyu Tolgoi (OT) has reported its third quarter performance results for 2019. The company achieved an All Injury Frequency Rate (AIFR) of 0.18 per 200,000 hours worked. To reinforce safety culture across its wider community OT is campaigning for safer roads with its partner, the National Police Agency, committing over MNT 280 million for communication and provincial road monitoring system. Earlier this month, OT co-hosted the “Safety First – 2019” conference with the Mongolian Occupational Safety and Health Professionals’ Association.

Between 2010 and the third quarter of 2019, Oyu Tolgoi spent over USD 3 billion on national procurement; USD 523 million was from Umnugovi. The mine also signed a MNT 2.7 billion contract to purchase 5,000 locally made standard leather safety boots from Khos-Az LLC over the next three years. Sixty-four new jobs were created with opening of two new factories in Manlai soum.  The factories will supply concentrate bags and single-use coveralls to the mine.

  1. Opened “Chandmani” Operations and Service Centre – the operational headquarters for the Oyu Tolgoi underground mine;
  2. Rope up is complete for both the service cage and the production hoists of Shaft 2, Oyu Tolgoi underground;
  3. Signed a MNT 2.7 billion leather safety boots supply contract with a national shoe maker Khos-Az LLC;
  4. National procurement spent in 2019 reached USD 329 million as of the end of Q3 2019;
  5. On track to achieve the 2019 copper and gold production guidance.
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