H1 2023 EBITDA Overview and Oyu Tolgoi Outlook
Oyu Tolgoi: Funding profile
Project finance¹
$3.9b
Shareholder funds²
Equity
$7.7b
$4.2b
Participants
Facility
European Bank
A-loan
for Reconstruction and Development
International
Finance Corporation
GIFCance
EDC
A-loan
EFIC >
Expert Finance
& Insurance Corporation.
Commercial banks
Total
Funding Requirement
$1.6-1.7b
(Jun 2023 - Dec 2024)
Export Credit Agency
Export Credit Agency
Export Credit Agency
B-loan (70%)
$1.6-1.7 billion to be secured by
Rio Tinto Sponsored Senior
Loan Agreement with terms and
conditions that mirror the existing
project finance facility
Expect to be cashflow positive
from 2025 onwards to fund the
remaining scope of the
underground construction
MIGA-insured (30%)
Total Commercial Loans (100%)
Rio Tinto
@2023, Rio Tinto, All Rights Reserved 1Excludes interest | 2Principals for Grid Loan 2 ($5.4 billion), Grid Loan 3 ($0.7 billion) and Prepayment ($1.6 billion); excludes interest
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