14.11.2016 Views

Annual Oyu Tolgoi Mine Visit

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<strong>Oyu</strong> <strong>Tolgoi</strong> underground a Tier 1 asset<br />

C/lb, 2016$<br />

400<br />

2025 copper mine C1+royalties+sustaining normal cost curve<br />

Q1 Q2 Q3 Q4<br />

300<br />

<strong>Oyu</strong> <strong>Tolgoi</strong><br />

Other <strong>Mine</strong>s<br />

200<br />

100<br />

0<br />

0<br />

2,000<br />

4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000<br />

kt<br />

Cumulative production (‘000 tonnes)<br />

-100<br />

Source: Wood Mackenzie (Q3’16 Cost Service). 2016 <strong>Oyu</strong> <strong>Tolgoi</strong> Technical Report. Turquoise Hill Resources.<br />

Normal C1 cost + sustaining capex, range capped at -100/lb & 400/lb for base, highly probable and probable mines only. <strong>Oyu</strong> <strong>Tolgoi</strong> costs and volumes for 2025-30.<br />

25

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