28.05.2012, oyu tolgoi's economic contribution to mongolia, houston spencer
TRANSCRIPT
OYU TOLGOI A LONG-TERM INVESTMENT TO DRIVE
MONGOLIAN ECONOMIC GROWTH
Houston SpencerVice President - Media & Communications
MONGOLIAN MINING
COMPANY
CONSTRUCTION (PHASE 1) 82% COMPLETE
OYU TOLGOI KEY MILESTONES
MONGOLIAN MINING
COMPANY
15
10
-10
-152001 2006 2011 2016 2021 2026
5
-5
0
SHAREHOLDERS’ CASHFLOW
Important: Includes DIRECT payments from Oyu Tolgoi to Government of Mongolia only. Excludes all indirect cashflow to Government (e.g. taxes paid by Oyu Tolgoi’s employees and suppliers)
Note: Forward outcomes shown here are based upon assumptions included in Ivanhoe Mines’ recently released IDOP Technical Report. While there will inevitably be variation from these specific outcomes given differences between future actuals and IDOP Technical Report assumptions for price, volume and costs, the broad picture will not change.
Cumulative cash to foreign investors
Cumulative cash to Government of Mongolia
No catc
h-up
Actual Forward
MONGOLIAN MINING
COMPANY
OYU TOLGOI AND PEOPLE
10 billion MNT ($8m) is spent every day to build Oyu Tolgoi
9250 Mongolians are working to develop the project
In 2011, Oyu Tolgoi spent over 1.7 trillion MNT ($1.3bn) with about 1000 Mongolian national suppliers
Over 1,700 Mongolian companies have contributed to building Oyu Tolgoi since the beginning of the project.
In 2011, Oyu Tolgoi purchased 3 billion MNT ($2.2m) goods and servicies from approximately 200 Umnugobi suppliers
50 Local Umnugobi businesses were expandad through the 1.5 billion MNT ($1m) fund available at local banks.
MONGOLIAN MINING
COMPANY
THANK YOU
Visit the Oyu Tolgoi Website: www.ot.mn Follow us on Facebook: www.facebook.com/oyutolgoi
Follow us on Twitter: @OTMongolia
MONGOLIAN MINING
COMPANY