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Economy / Mining / Mongolia News / February 25, 2015

OT reports export of its one millionth ton of copper concentrate

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By Ch.KHALIUN.

Last Thursday, Oyu Tolgoi LLC (OT) reported that the company had shipped its one millionth ton of copper concentrate.
The company exported its first shipment of concentrate in July 2013.
President and CEO of OT Andrew Woodley said, “It is a very important achievement for our company. Exporting its one millionth ton of copper concentrate in such a short time is the result of the great contribution of all OT’s workers, their efforts, and the support of our shareholders.”
Woodley underlined, “I appreciate that we have achieved such success on the eve of Tsagaan Sar, a time to traditionally celebrate what we have succeeded at in the past year, raising our sights for the year ahead.”
In the past year, OT has spent approximately 250 million USD in Mongolia for taxes, fees and other payments, and has made purchases of over 300 million USD from domestic suppliers.

SOURCE: Ub Post




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