Surveying at Oyu Tolgoi Copper/Gold Mine - Chris Hutchison - AIMS
Surveying at Oyu Tolgoi Copper/Gold Mine - Chris Hutchison - AIMS
Surveying at Oyu Tolgoi Copper/Gold Mine - Chris Hutchison - AIMS
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OWNERSHIP & HISTORY<br />
• <strong>Copper</strong> has been recovered from this<br />
area since the bronze age as indic<strong>at</strong>ed<br />
d<br />
from the existence of small circular<br />
pits and minor copper smelting slag.<br />
• This site was discovered by Ivanhoe<br />
<strong>Mine</strong>s (a Canadian Company with<br />
worldwide interests) and verified by<br />
drilling over the last 10 years.<br />
• In October 2006, Ivanhoe <strong>Mine</strong>s and Rio Tinto signed a long term<br />
investment agreement with the Mongolian Government for the<br />
construction and oper<strong>at</strong>ion of the <strong>Oyu</strong> <strong>Tolgoi</strong> copper‐gold mining<br />
complex. In March 2010, the Mongolian Government announced<br />
th<strong>at</strong> conditions i precedent had hdbeen s<strong>at</strong>isfied ifidand th<strong>at</strong> the<br />
agreement now has full legal effect.
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