Erdenes Oyu Tolgoi LLC

Oyu Tolgoi Investment Agreement and Shareholders Agreement were signed by and between Government of Mongolia, Rio Tinto International Holdings Ltd, Ivanhoe Mines LLC in 2009 and 2010 respectively for the development of the Oyu Tolgoi copper-gold mine located 500km south of Ulaanbaatar, nations capital. On behalf of The Government of Mongolia, 34% of Oyu Tolgoi LLC was owned by a state-owned company Erdenes Mongol LLC (previously Erdenes MGL LLC). However, pursuant to Governments 348th resolution passed in 2011 and Erdenes Mongol LLCs 28th board resolution, Erdenes Oyu Tolgoi LLC was founded as a subsidiary of Erdenes Mongol LLC in 2012. Erdenes Oyu Tolgoi LLC is in business after officially obtaining the 34% ownership of Oyu Tolgoi LLC transferred from Erdenes Mongol LLC. The main vision of Erdenes Oyu Tolgoi LLC as defined in the company charter is to be the 34 percent shareholder of Oyu Tolgoi LLC, to participate in operations of Oyu Tolgoi LLC, to utilize state participat...