OyuTolgoi is the world's largest undeveloped copper-gold project. 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. Estimates indicate that OyuTolgoi contains approximately 81 billion pounds of copper and 46 million ounces of gold in measured, indicated and inferred resources. OyuTolgoi
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. This was offset by revenue of $79.8 million. Our biggest expenses were exploration, with $218 million, up from $177 million in 2009. Successfully completed our strategic rights offering to shareholders that generated gross proceeds of $1.18 billion. Finances
Monywa copper mine in Burma/Myanmar It was Burma’s largest mining investment. Ivanhoe Mines had a 50-50 partnership with the Burmese government. In 2001, the project achieved environmental certification to internal standards by independent auditors. In 2007, Ivanhoe transferred its 50-per-cent stake in the mine to a third-party trust fund. Monywa copper mine
Complaints were filed against alleged breaches of the Organisation for Economic Co-operation and Development (OECD) guidelines for multinational enterprises, over: 1) the availability of an adequate supply of water for the new mine 2) the preparation of “an appropriate environmental impact assessment.” OECD Complaints
The OyuTolgoi Project has completed numerous environmental studies since the completion of the initial Environmental Baseline Study in 2002. Environmental Considerations
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.
A commitment to apply modern extraction and processing technology at OyuTolgoi, which meets Mongolian and international environmental codes and standards.
A commitment to submit and make public an independent report on the progress of the project every three years.
A commitment to pay the cost of eliminating material, adverse impacts on air, water, soil, animals and plants.