AustCham Mongolia Membership Renewal – Rio Tinto Mongolia
AustCham Mongolia is pleased to announce Rio Tinto Mongolia has renewed their Corporate Membership for 2019.
Thank you Rio Tinto for your continued support and cooperation.
We are excited to continue partner with you for another year.
Please welcome them by visiting their web-page www.riotinto.com
✒️ Company Introduction
Rio Tinto is a leading global mining and metals group that focuses on finding, mining, processing and marketing the earth’s mineral resources.
We have been in business for more than 140 years and remain focused on the long term.
Our approach is driven by a clear strategy, with the goal of delivering superior value for our shareholders through the cycle. Our strategy plays to our strengths: world-class assets, talented employees, a strong balance sheet and operating excellence.
In Mongolia, we are proud to work with the Government of Mongolia and Turquoise Hill Resources to develop Oyu Tolgoi – one of the largest and highest quality copper-gold development projects in the world. With a potential productive life lasting several generations, it represents a unique opportunity to bring lasting sustainable development to Mongolia.
Since the start of construction in 2010, over US$8 billion has already been spent directly in Mongolia, creating significant economic and social opportunities for Mongolians –through employment, supplier partnerships and community investment. By the time the underground project begins production in mid-2020, we anticipate that Oyu Tolgoi shareholders will have invested approximately US$12 billion in developing the open pit and underground project.
The launch of the office in Mongolia is a testament to our talented Mongolian workforce who have been a driving force behind our operations both in Mongolia and globally. This is especially true of the MDC, where Mongolians support Rio Tinto’s global operations. By investing more in Mongolia we are creating future leaders for our global business and exporting Mongolia’s intellectual talent around the world.