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The Oyu Tolgoi mine, also Oyuutolgoi (Mongolian: Оюутолгой, pronounced [ɔˌjʊˑtʰɔɮˈɢœˑ]; lit. "Turquoise Hill"), is a combined open pit and underground mining project in Khanbogd sum within the south Gobi Desert, approximately 235 kilometres (146 mi) east of the Ömnögovi Province capital Dalanzadgad.
Mongolian Prime Minister Oyun-Erdene Luvsannamsrai speaks during a ceremony marking the production commencement of the underground portion of the Oyu Tolgoi copper-gold mine, jointly owned by Rio ...
The work is limited as to scope, and the timing of any future development work in the Hugo North Extension (“HNE”) deposit footprint is contingent upon the resolution of certain outstanding issues, including the transfer of the Shivee Tolgoi license to the Company’s joint venture partner Oyu Tolgoi LLC (“OTLLC”).
The Oyu Tolgoi Project is considered one of the world's largest copper and gold porphyry deposits. [7] For development to happen at Oyu Tolgoi, an agreement had to be made in which the Mongolian government took a 34% stake in the project; the royalty arrangement it currently has with the Mongolian government took years to reach which caused ...
It is in an area known as Oyu Tolgoi (Mongolian for Turquoise Hill), [3] where in the time of Genghis Khan outcropping rocks were smelted for copper. [4] By 2003 there were 18 exploration drill rigs on the property employing approximately 200 people, and Oyu Tolgoi was the "biggest mining exploration project in the world."
The Oyu Tolgoi project is central to Rio Tinto's push to diversify its portfolio away from iron ore, but it has faced a series of challenges as Mongolia's fragile government wrangles over how to ...
Deep in the middle of the Gobi Desert, there is a city like many others. There are restaurants, houses, citizens, basketball courts, and enough jobs to go around. It's a civilization in the most ...
The deposit is in the Gobi Desert in an area known as Oyu Tolgoi (Mongolian for Turquoise Hill), [5] where in the time of Genghis Khan outcropping rocks were smelted for copper. [6] By 2003 there were 18 exploration drill rigs on the property employing approximately 200 people, and Oyu Tolgoi was the "biggest mining exploration project in the ...