Entrée / Oyu Tolgoi Joint Venture construction begins
The Joint project includes the Hugo North Extension and Heruga deposits. Rio Tinto is managing the construction. [1]
Unsplash CC0Rio Tinto responds to new regulation and taxes
Rio Tinto files a complaint against the IMF, which consequently delays the release of the first IMF bailout payments[1]
Google Earth / Maxar TechnologiesPhase 2 of Oyu Tolgoi construction is projected to begin
This phase includes the Hugo North lift 1 underground mine and the Southern OT open pit[1]
Samuel Yoo via Flickr CC2.0‘Dubai Agreement’ on Oyu Tolgoi phase 2 is signed
The finance agreement for a USD 4.4 billion underground expansion of the OT mine (OTUMDFP) is signed in Dubai. Not only is it largely publicly financed (including the IFC and EBRD), it also explicitly consolidates the terms of the 2009 Investment Agreement.[1]
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Andrew Burton / Getty ImageRio Tinto suspends the USD 5.3 billion Oyu Tolgoi expansion
In response to a possible tax increase, dispute over costs, and increasing political will to renegotiate the Investment Agreement, Rio Tinto halts Oyu Tolgoi operations and lays off 1,700 jobs. [1]
Rio Tinto acquires a majority stake in Ivanhoe Mines
As Rio Tinto acquires a majority stake in Ivanhoe Mines in January 2012,[1] the name of Ivanhoe Mines is changed into Turquoise Hills Resources (TRQ) as of August 2012.[2] Read more
Jessica45 via Pixabay CC0Rio Tinto wins arbitration case about take-over
Rio Tinto wins in an arbitration case from Ivanhoe Mines, which tried to prevent a Rio Tinto take-over.
Edar via Pixabay CC0Oyu Tolgoi shareholders agreement signed
An ‘Amended and Restated Shareholders Agreement’ (ARSHA) is signed by Erdenes, Ivanhoe Oyu Tolgoi, Oyu Tolgoi Netherlands B.V., and Oyu Tolgoi LLC (formerly known as Ivanhoe Mines Mongolia Inc.)
Brücke-Osteuropa via Wikimedia CCPhase 1 of OT open pit construction begins
The first phase of Oyu Tolgoi open pit construction begins[1].
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Francisco Anzola via Flickr CC2.0Rio Tinto gets rights over OT mine in exchange for financing
Rio Tinto becomes the operator of Oyu Tolgoi and with Ivanhoe seeks to complete an international project-finance package of up to USD 3.6 billion.