Ulaanbaatar
Oyu Tolgoi announces Q1 2020 performance results
Economy
- Continued its globally competitive safety performance
- On track to achieve 2020 copper and gold production guidance
- US$73 million taxes, fees and other payments paid
- US$105 million spent on national procurement
- Donated over MNT455 million for the community support against COVID-19
It says "The first quarter of 2020 has been challenging due to the
COVID-19 global pandemic. Since the COVID-19 situation escalated in January,
the health and safety of our workforce, suppliers and communities remains our
top priority.
We are closely monitoring the situation and taking all
necessary measures both on site and in our UB offices. All our preventive
measures are in full compliance with, and strictly aligned to, guidance and
decrees issued by the Government of Mongolia, State Emergency Committee, and
the local authorities in Umnugovi province and Khanbogd soum.
Oyu Tolgoi chief executive officer, Armando Torres, said,
“We would like to express our gratitude to the Government of Mongolia, the
State Emergency Committee at all levels, the Ministry of Health, the Ministry
of Mining and Heavy Industry, and all other relevant agencies and frontline
personnel working hard to keep us safe during this unprecedented time”.
The company and employees donated MNT455 million to support
the outbreak prevention efforts of COVID-19, including MNT100 million to the
Government of Mongolia through the Mongolian National Mining Association,
MNT200 million to the Umnugovi Emergency Committee, and MNT10 million to the
Khanbogd Emergency Committee through the Gobi Oyu Development Support Fund. Oyu
Tolgoi miners also launched a “Miners’ donation campaign in the fight against
COVID-19” and raised over MNT145 million and donated it to the Ministry of
Health. Thirty-eight contractor companies’ employees joined the campaign as
#WeAreAllInThisTogether.
Despite these challenges, Oyu Tolgoi has done its best to
maintain its business continuity while protecting its people and communities.
However, limited movements of goods and people, and border crossing
restrictions, due to COVID-19 restrictions, have affected the business overall,
including underground development and copper concentrate shipment."
For more on the performance scorecard, production report and data for the first quarter of 2020, visit https://www.ot.mn/
source: ot.mn
