OYU TOLGOI COMPANY TRANSFERS USD 50 MILLION TO GOVERNMENT

Ulaanbaatar, /MONTSAME/ In connection with Oyu Tolgoi Investment Agreement that took full legal effect following a completion of conditions precedent, Executive Director of Oyu Tolgoi Company Keith Marshall presented April 2 a USD 50 million cheque, the second installment of the total advance payment of USD 250 million, to Finance Minister S.Bayartsogt.
The second installment has been made in accordance with the investment agreement on exploiting the Oyo Tolgoi gold-copper deposit concluded between the Government of Mongolia, the Ivanhoe Mines Mongolia Inc LLC and Rio Tinto International Holdings. The money will come to a bank account of Mongolian Government on coming Monday.
The investors of the Oyu Tolgoi deposit transferred USD 100 million, the first part of the advance, to the Government of Mongolia on October 20, 2009.
S.Batbayar