June 22, 2018 11:38 AM ET

Metals and Mining

Company Overview of Oyu Tolgoi LLC

Company Overview

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 founded in 1997 and is headquartered in Ulaanbaatar, Mongolia. It has representative office in Dalanzadgad, Mongolia; and a branch office in Khanbogd soum, Mongolia. Oyu Tolgoi LLC operates as a subsidiary of Turquoise Hill Resources Ltd.

Monnis Tower

Chinggis Avenue 15

Sukhbaatar District

Ulaanbaatar,  14240

Mongolia

Founded in 1997

Phone:

97 6113 31880

Fax:

97 6113 31890

Key Executives for Oyu Tolgoi LLC

Chief Executive Officer and President
Age: 53
Managing Director
Age: 59
Principal Advisor of Biodiversity Research-Environmental Department
Compensation as of Fiscal Year 2017.

Oyu Tolgoi LLC Key Developments

Oyu Tolgoi Announces Production Results for the First Quarter of 2018

Oyu Tolgoi announced production results for the first quarter of 2018. Mined copper production from the open pit in the first quarter of 2018 was 13,000 tonnes, 2% higher than the corresponding period of 2017, but 14% lower than the previous quarter due to a planned plant shutdown in January 2018.

Oyu Tolgoi Reports Production Results for the Fourth Quarter and Full Year of 2017; Provides Production Guidance for the Year 2018

Oyu Tolgoi reported production results for the fourth quarter and full year of 2017. For the quarter, the company reported open pit material mined of 28,929,000 tonnes against 25,615,000 tonnes a year ago. Ore treated was 10,838,000 tonnes against 9,819,000 tonnes a year ago. Concentrates produced was 205,400 ounces against 206,700 ounces a year ago. Copper production was 45,300 tonnes against 45,500 tonnes a year ago. Gold production was 35,000 ounces against 49,000 ounces a year ago. Silver production was 285,000 ounces against 273,000 ounces a year ago. For the year, the company reported open pit material mined of 105,921,000 tonnes against 96,938,000 tonnes a year ago. Ore treated was 41,177,000 tonnes against 38,152,000 tonnes a year ago. Concentrates produced was 722,500 ounces against 846,600 ounces a year ago. Copper production was 157,400 tonnes against 201,300 tonnes a year ago. Gold production was 114,000 ounces against 300,000 ounces a year ago. Silver production was 974,000 ounces against 1,420,000 ounces a year ago. The company provided production guidance for the year 2018. For the period, the company expected to produce 125,000 to 155,000 tonnes of copper and 240,000 to 280,000 ounces of gold in concentrates for 2018.

Oyu Tolgoi Reports Production Results for the Fourth Quarter and Full Year of 2016: Provides Production Guidance for the Year 2017

Oyu Tolgoi reported production results for the fourth quarter and full year of 2016. For the quarter, the company reported open pit material mined of 23,708,000 tonnes against 25,615,000 tonnes a year ago. Ore treated was 9,369,000 tonnes against 9,819,000 tonnes a year ago. Concentrates produced was $231.8 million against $206.7 million a year ago. Copper production was 573,000 tonnes against 376,000 tonnes a year ago. Gold production was 160,000 ounces against 39,000 ounces a year ago. Silver production was 360,000 ounces against 239,000 ounces a year ago. For the year, the company reported open pit material mined of 96,938,000 tonnes against 91,771,000 tonnes a year ago. Ore treated was 38,152,000 tonnes against 34,537,000 tonnes a year ago. Concentrates produced was $846,600 against $788,500 a year ago. Copper production was 201,300 tonnes against 202,200 tonnes a year ago. Gold production was 300,000 ounces against 653,000 ounces a year ago. Silver production was 1,420,000 ounces against 1,223,000 ounces a year ago. The company expects to produce 130,000 to 160,000 tonnes of copper in concentrates and 100,000 to 140,000 ounces of gold in concentrates for 2017.

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