Project Finance

Oyu Tolgoi Project Finance

On September 9, 2020, Turquoise Hill and Rio Tinto signed a non-binding Memorandum of Understanding (MOU) concerning the funding of Oyu Tolgoi that reflects the parties’ understanding to pursue a re-profiling of existing project debt in line with current cash flow projections, including by deferring scheduled principal repayments and extending tenors (Re-profiling).

News Release:

Turquoise Hill announces an update on funding discussions with Rio Tinto

Turquoise hill - Rio Tinto Oyu Tolgoi memorandum of understanding September 9, 2020


On December 14, 2015, Turquoise Hill announced the signing of a $4.4 billion project finance facility, one of the largest in the mining industry, for underground development at Oyu Tolgoi.

News Release:

Oyu Tolgoi signs $4.4 billion project finance marking historic milestone toward recommencement of underground development


Turquoise Hill-Rio Tinto-Oyu Tolgoi LLC Financing Support Agreement

Cash Management Services Agreement

Turquoise Hill-Rio Tinto Financing Support Agreement

Overview of geology in the Oyu Tolgoi region
Technical mine planning and development
Agreements with the Government of Mongolia
Oyu Tolgoi’s $4.4B Project Finance
The discovery and development of Oyu Tolgoi
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