OyuTolgoi is the world's largest undeveloped copper-gold project.<br />It’s located in the South Gobi region of Mongolia, 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border. <br />Estimates indicate that OyuTolgoi contains approximately 81 billion pounds of copper and 46 million ounces of gold in measured, indicated and inferred resources. <br />OyuTolgoi<br />
In 2010, Ivanhoe Mines recorded a net loss of $211.5 million ($0.42 per share) compared to a net loss of $280.2 million ($0.69 per share) in 2009, representing a decrease of $68.7 million. <br />This was offset by revenue of $79.8 million. <br />Our biggest expenses were exploration, with $218 million, up from $177 million in 2009.<br />Successfully completed our strategic rights offering to shareholders that generated gross proceeds of $1.18 billion.<br />Finances<br />
Monywa copper mine in Burma/Myanmar<br />It was Burma’s largest mining investment. <br />Ivanhoe Mines had a 50-50 partnership with the Burmese government. <br />In 2001, the project achieved environmental certification to internal standards by independent auditors.<br />In 2007, Ivanhoe transferred its 50-per-cent stake in the mine to a third-party trust fund.<br />Monywa copper mine<br />
Complaints were filed against alleged breaches of the Organisation for Economic Co-operation and Development (OECD) guidelines for multinational enterprises, over:<br /> 1) the availability of an adequate supply of water for the new mine<br /> 2) the preparation of “an appropriate environmental impact assessment.” <br />OECD Complaints<br />
The OyuTolgoi Project has completed numerous environmental studies since the completion of the initial Environmental Baseline Study in 2002. <br />Environmental Considerations<br />
There is adequate water supply in the GuniiHooloi basin to operate an OyuTolgoi mine processing 110,000 tonnes of ore per day; further expansion will be subject additional studies and water exploration.<br />
A commitment to apply modern extraction and processing technology at OyuTolgoi, which meets Mongolian and international environmental codes and standards.<br />
A commitment to submit and make public an independent report on the progress of the project every three years. <br />
<ul><li>A commitment to pay the cost of eliminating material, adverse impacts on air, water, soil, animals and plants. </li></li></ul><li>Ivanhoe Mines<br />
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