03.09.2014 oyu tolgoi project, erdenes oyu tolgoi
TRANSCRIPT
“OYU TOLGOI” PROJECT
Oyu Tolgoi Ownership Structure
Other shareholders
Shareholders meeting
THR Oyu Tolgoi Oyu Tolgoi Netherlands
B.V.
Board of Directors
~49% ~51%
34% ~0,2% ~65,8%
Government of Mongolia
(formerly Ivanhoe Mines)
OYU TOLGOI MANAGEMENT
1. GANBOLD Davaadorj
Chief Executive Officer,
Erdenes Oyu Tolgoi LLC
2. OTGOCHULUU Chuluuntseren
Director General,
Department of strategic policy and planning
at Ministry of Mining, Mongolia
3. TEMUULEN Ganzorig
1. Jean-Sébastien Jacques
Chief Executive, Rio Tinto's Copper group
2. Batsukh Galsan
Chairman, Oyu Tolgoi Board of Directors
3. Rowena Albones
Chief Financial Officer, Rio Tinto’s Copper group
6. Craig Kinnell
Chief Executive Officer, Oyu Tolgoi LLC
5. Chris Bateman
Chief Financial Officer, Turquoise Hill Resources
4. Kay Priestly
Chief Executive Officer, Turquoise Hill Resources
Members of the Board of Directors 34% 66%
GoM
Mongolian shareholder
Oyu Tolgoi is situated in the southern Gobi region of Mongolia, approximately 550 kilometers south of the capital, Ulaanbaatar.
Oyu Tolgoi deposit (Umnugovi province), is situated approximately 80 kilometers north of Chinese border, the biggest consumer of copper.
OYU TOLGOI EXPLORATION CAMPS
Exploration camp (April,
1997)
1997 оны 9-р
сар IMMI, 2001
IMMI, 2004 Construction camp, 2007
Exploration camp (September, 1997)
CROSS-SECTION, OYU TOLGOI DEPOSIT
December 27, 2012 Oyu Tolgoi’s concentrator plant with approximate capacity of 100,000 tonnes of ore processed per day, was turned on.
OYU TOLGOI TIMELINE
December 27, 2012 Started processing open pit ore through the Concentrator.
OYU TOLGOI TIMELINE
January, 2013 First copper concentrate was produced.
OYU TOLGOI TIMELINE
July 9, 2013 Commencement of first shipment from the mine site.
OYU TOLGOI TIMELINE
Financials
№ Unit 2013
Actual
2014
Plan
YTD June
2014
1 Gross Revenue $ m 83.7 2,653.3 644.4
2 Total Expenditure $ m 1,499.3 1,249.8 467.0
Year-to-date, Oyu Tolgoi project’s tax and other payments totaled approximately $920m.
Concentrator
№ Unit 2013
Actual 2014 Plan YTD June 2014
1 Milled ore mt 20.3 33.9 13.3
2 Concentrate produced kt DMT 290.0 692.3 242.9
3 Concentrate content
Cu % 26.4 25.3 25.3
Au g/t 16.8 34.6 22.9
Ag g/t 52.4 59.2 50.1
4 Metal produced
Cu kt 76.7 175.1 61.5
Au koz 157.0 771.1 178.6
t 4.9 24.0 5.6
Ag
koz 488.8 1,317.8 391.4
t 15.2 41.0 12.2
Logistics and Sales
№ Unit 2013
Actual
2014
Plan
YTD June
2014
1 Shipments DMT (kt) 74.9 883.0 276.2
2 Customer collection DMT (kt) 23.6 860.1 252.5
The expected shipments and customer collection is over 900,000 tonnes of copper concentrate, above plan.
OYU TOLGOI’S WORKFORCE (as of June 2014)
Mongolian national workforce ratio is 94%
94%
6%
OT's total workforce /3022/
Nationals /2834/
Expat /188/
THANK YOU FOR YOUR ATTENTION