Metals and Mining
Company Overview of Oyu Tolgoi LLC
Oyu Tolgoi LLC operates as a copper and gold mining company in Mongolia. It develops a mine with undeveloped copper-gold resources in the Gobi desert in southern Mongolia. Oyu Tolgoi LLC was formerly known as Ivanhoe Mines Mongolia Inc. and changed its name to Oyu Tolgoi LLC in October 2009. The company was incorporated in 2000 and is based in Ulaanbaatar, Mongolia. Oyu Tolgoi LLC operates as a subsidiary of Oyu Tolgoi Netherlands BV.
Chinggis Avenue 15
Founded in 2000
97 6113 31880
97 6113 31890
Key Executives for Oyu Tolgoi LLC
Chief Executive Officer and President
Principal Advisor of Biodiversity Research-Environmental Department
Compensation as of Fiscal Year 2014.
Oyu Tolgoi LLC Key Developments
Oyu Tolgoi LLC Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014; Provides Production Guidance for the Year 2014
May 13 14
Oyu Tolgoi LLC reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of $108,004,000. Operating loss was $48,230,000 compared to $16,272,000 last year. Loss before income taxes and other items was $44,847,000 compared to $16,745,000 last year. Net loss from continuing operations was $57,893,000 compared to $25,280,000 last year. Capital expenditures were $58,730,000 compared to $468,644,000 last year.
The company expects to produce 135,000 to 160,000 tonnes of copper and 600,000 to 700,000 ounces of gold in concentrates for 2014.
Oyu Tolgoi Reports Revenue Results for the Year 2013; Provides Production Guidance for 2014
Feb 13 14
Oyu Tolgoi reported revenue results for the year 2013. Gross revenues were $55 million on sales of 26,400 tonnes of concentrate. Year to date sales volumes have fallen short of expectations and some sales have been deferred into the second and third quarters of 2014.
For 2014, the company continues to target production of 150,000 to 175,000 tonnes of copper in concentrates and 700,000 to 750,000 ounces of gold in concentrates. However, the company will monitor production levels and if necessary, match them to meet customer requirements, with the goal of returning to more normal levels of inventory by the end of 2014.
Oyu Tolgoi Announces Production Results for the Fourth Quarter and Full Year of 2013; Provides Production Guidance for the Year 2014
Jan 15 14
Oyu Tolgoi announced production results for the fourth quarter and full year of 2013. For the quarter, Oyu Tolgoi produced 32,900 tonnes of copper in concentrates, 74,000 ounces of Gold in concentrates, and 208,000 of Silver in concentrates.
For the year 2013, Oyu Tolgoi produced 76,700 tonnes of copper in concentrates, 157,000 ounces of Gold in concentrates, and 489,000 of Silver in concentrates.
For 2014, the company expects to produce 150,000 to 175,000 tonnes of copper in concentrates and 700,000 to 750,000 ounces of gold in concentrates.
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