On day 4 of the event, Oyu Tolgoi's CEO Deirde Lingenfelder introduced the brand new strategy of Oyu Tolgoi.

Oyu Tolgoi’s ambition

Oyu Tolgoi’s, one of the world's largest copper-gold mines, new strategy focuses on people, partnership, earth, and profit. The new strategy is aligned with the company's ambition to become the 4th largest copper mine in the world.

The timing was just right

It has been 10 years since Oyu Tolgoi’s first operation in Mongolia. According to the interview ​Deirdré Lingenfelder gave Lemon Press, the company needs to map the next 10 years to help them shift from a surface mine to an integrated copper business.

Is it a possible goal to achieve?

Last March, the Oyu Tolgoi underground mine officially commenced. Consequently, they are expected to produce an average of 500,000 tonnes of copper per year from 2028 to 2036. That is enough to produce approximately 6 million electric cars or 60 large wind farms.

The 4 strategic priorities

• People: Oyu Tolgoi aims to be the best employer in Mongolia, with employee satisfaction of 80%-100% and 50% of employees being women in the long term.
• Partnership: The company aims to be a partner in development, strengthening its supplier network and supporting domestic enterprises. It has also approved a strategic plan for the development of Hanbogd Sum, investing $50 million by 2027.
• Earth: Oyu Tolgoi is committed to protecting the environment with an ambitious goal of zero greenhouse gas emissions and dilution by 2050. It has also restored 398 hectares of land in Yalbag, Selenge province.
• Profit: Lastly, Oyu Tolgoi aims to create sustainable value by selling up to 5% of its total production to new markets by 2030.