Oyu Tolgoi signs Project Finance agreement


A signing ceremony for the Oyu Tolgoi underground Project Finance package was held in Ulaanbaatar, Mongolia on 16 December 2015. The event was held in the presence of Prime Minister Saikhanbileg, Minister for Mining R. Jigjid, Andrew Woodley, CEO – Oyu Tolgoi, Batsukh Galsan – Chairman of the Board of Directors, Oyu Tolgoi, and key representatives of the lender organizations participating in the project finance package, and key stakeholders.

Signatories included shareholders and key lenders, Jean-Sébastien Jacques – Chief Executive, Copper and Coal, Rio Tinto, Byambasaikhan Bayanjargal, CEO – Erdenes Mongol LLC, Jeffery Tygesen, CEO – Turquoise Hill Resources, Ganbold Davaadorj, CEO – Erdenes Oyu Tolgoi LLC, Stephen Wilhelm, Regional Vice President – EMEA, Export Development Canada, Namrata Thapar – Head, Global Mining, IFC and Riccardo Pullti – Managing Director, EBRD.