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The Oyu Tolgoi mining project is the largest financial undertaking in Mongolia's history and is expected upon completion to produce 450,000 tonnes (500,000 short tons) of copper annually. Financing for the project has come in part from the Rio Tinto Group and an investment agreement between Ivanhoe Mines and the government of Mongolia.
Mine Ownership: Ivanhoe Mines 39.6%. The Kamoa-Kakula Copper Complex is the world’s fastest-growing, highest-grade, lowest-carbon major copper mine. Kamoa-Kakula produced 393,551 tonnes of copper in concentrate in 2023, which was inside the 2023 production guidance range of 390,000 to 430,000 tonnes. Kamoa-Kakula’s 2023 production ...
The original Ivanhoe Mines that discovered and developed the Oyu Tolgoi Mine in Mongolia changed its named to Turquoise Hill Resources in August 2012. Rio Tinto Group acquired full ownership of Turquoise Hill in December 2022.
Feb 11, 2022 · In 2001, Canadian company Ivanhoe Mines literally struck gold, along with copper and molybdenum, at the Oyu Tolgoi site in southern Mongolia. Just 50 miles north of the Chinese border, Oyu Tolgoi, which translates to “Turquoise Hill,” was named for the color of oxidized copper. 10 years later, the Mongolian government signed an agreement with Ivanhoe and Rio Tinto, one of the largest ...
- Pranay Varada
Oct 16, 2023 · Between 1996 and 2012, the original Ivanhoe Mines group conducted mining operations across Mongolia, Australia, China, Myanmar, South Korea and Fiji.
Oct 16, 2023 · Ivanhoe Mines Founder and Executive Co-Chair Robert Friedland in Mongolia. In 2000, the original Ivanhoe Mines began exploration that led to the world-class Oyu Tolgoi copper-gold discovery.
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Sep 26, 2011 · TORONTO — All of a sudden, Robert Friedland is finding renewed trouble on key fronts in Mongolia. Less than two years after his company, Ivanhoe Mines Ltd., finalized an investment agreement to develop the US$6-billion Oyu Tolgoi project, politicians want to renegotiate it. And problems are also re-surfacing with joint venture partner Rio ...
