Ulaanbaatar
Oyu Tolgoi announces Q2 2020 performance results
Economy
Ulaanbaatar/MONTSAME/.
- Globally competitive safety performance continues
- On track to achieve 2020 copper production guidance, while increasing guidance for gold production
- US$134 million taxes, fees and other payments were paid to the Government of Mongolia in H1 2020
- US$180 million was spent on national procurement in H1 2020
- Marked the fifth anniversaries of the Cooperation Agreement and Tripartite Council
Oyu Tolgoi released the latest edition of its Scorecard, highlighting key performance metrics for the second quarter of 2020, and provided an update on underground development, and its continued prevention measures on COVID-19.
The second quarter of 2020 has continued to be challenging due to the COVID-19 global pandemic. Oyu Tolgoi chief executive officer, Armando Torres, said, “Despite unprecedented challenges, I am proud of the team for maintaining business continuity while prioritising the health and safety of our people and communities during this period. Work is progressing well at Oyu Tolgoi”.
The company is closely monitoring the COVID-19 situation with its Business Resilience Team and taking risk-based preventative measures throughout our operations. All our preventive protocols are in full compliance with the guidance and decrees issued by the Government of Mongolia, State Emergency Committee, and the local authorities in Umnugovi province and Khanbogd soum.
For more on the performance scorecard, production report and data for the second quarter of 2020, visit https://www.ot.mn/
Source: ot.mn
