Oyu Tolgoi Mine

Oyu Tolgoi Mine

An upcoming mine project (underground and open) in Mongolia which is the largest financial undertaking in the small country of Mongolia, costing US$4.6 billion. Many have described it as the largest mining project in the world. It is expected to bring many benefits to the Mongolian economy, especially increasing its economy by 35%. It has already contributed $800 million in pre-tax payments to the government of Mongolia. It is also expected to employ 15,000 Mongolians. 

 “Oyu Tolgoi is a catalyst for investment in infrastructure including housing for company employees, utilities and services in the Khanbogd soum and regional cities. The Project is developing roads, air transport and an electric grid in the South Gobi region and is investing $126 million in Mongolia’s largest education and training program to support university education and vocational training for mining and technical graduates across Mongolia.” (Gcgf) This project is expected to kick-start financial investments from other countries. The region is also expected to oppose China as the sole premier economic hub. The project is also expected to follow internal guidelines and rules for safety.