Oyu Tolgoi website
Oyu Tolgoi is one of the world’s largest new copper-gold mines and is located in the
South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north
of the Mongolia-China border.
Oyu Tolgoi has the potential to operate for approximately 100 years from five known
mineralized deposits. The first of those (the Oyut deposit) was put into production as an open-pit operation in
2013.
A second deposit, Hugo North (Lift One), is under development as an underground
operation and is scheduled to begin sustainable production in 2022. The other three deposits, Hugo North (Lift
Two), Hugo South and Heruga, are not yet scheduled for development.
On October 6, 2009, Turquoise Hill Resources and Rio Tinto signed a long-term,
comprehensive Investment Agreement with the Government of Mongolia for the construction and operation of the Oyu
Tolgoi copper-gold mining complex. The agreement created a partnership between the Mongolian Government – which
acquired a 34% interest in the project - and Turquoise Hill Resources, which retained a controlling 66% interest
in Oyu Tolgoi. Global miner Rio Tinto, which joined Turquoise Hill Resources as a strategic partner in October
2006, began managing the development of Oyu Tolgoi in December 2010.
Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission permits U.S. mining companies,
in their filings with the SEC, to disclose only those mineral deposits that a company can economically and
legally extract or produce. We use certain terms on this website such as “measured,” “indicated,” and “inferred”
“resources,” which the SEC guidelines generally prohibit U.S. registered companies from including in their
filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 40-F which may be
secured from us, or from the SEC’s website at
www.sec.gov/edgar.shtml.