Strong Foundation for Growth, Decarbonisation and Shareholder Returns
Okoy
Oxay
Толгой
Толгой
ОЮУ ТОЛГОЙН ГҮНИЙ УУРХАЙН ҮЙЛ
АЖИЛЛАГАЫ НЭЭЛТИЙН Ёслол
GOI UNDERGROUND MINE
PENING CEREMONY
Rio Tinto
ОЮУ ТОЛГ
АЖИЛЛА
©2022, Rio Tinto, All Rights Reserved
Oyu Tolgoi Underground
Best
operator
Impeccable
ESG
credentials
Excel in
development
Social licence
Resetting the relationship between partners and increasing the value the project
delivers for Mongolia
-
Underground mining commenced on 25 Jan 2022 following comprehensive
agreement reached with all partners. Sustainable production expected in H1 2023
Capital forecast $6.9bn including $175m of known COVID-19 impacts to the end of
2021*
Funding plan agreed and long-term power secured via Electricity Supply Agreement.
Working with the Government to support long-term renewable energy generation
One of the largest block cave mines. Globally competitive safety performance;
highest water use efficiency per tonne, >90% average water recycling rate
*These estimates exclude any impacts of delays to work schedules caused by restricted approved budgets since the start of 2021. This impact,
and the impact of any ongoing COVID-19 impacts will be assessed following the commencement of underground operations with further updates
provided to the market in due course. Panels 1 and 2 studies will be ongoing throughout 2022. Further study work is also underway to assess the
extraction methodology and ultimate recovery of the Panel 0 recoverable pillars.
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