Traffic at night, Mongolia

Our business

We operate across 34 countries and 6 continents, where our 61,000+ employees are working to find better ways to provide the materials the world needs. 

Our core products – iron ore, copper, aluminium and lithium – are the building blocks of a cleaner, smarter future.

To meet growing demand, we’re focused on keeping our people safe, while running and delivering world‑class operations and projects.

And we’re committed to doing it responsibly – delivering lasting positive impact through deep expertise, strong social licence and long‑standing partnerships. 

Together, we’re solving global challenges and creating shared success.

Our strategy will move our business, customers, partners and the world forward.

Accelerate the decarbonisation of our assets

Switch to renewable power, electrifying processing and running electric mobile fleets.

Develop products and technologies that help our customers decarbonise

Partner with customers and suppliers and invest in R&D to reduce emissions across our value chains.

Grow in materials essential for the energy transition

Aim to grow in commodities such as copper, aluminium, high-grade iron ore, lithium and other critical minerals.

Our business model

Our business model delivers the value that matters most to our stakeholders. We are committed to being responsible operators and achieving excellence at every stage – from discovery to closure.

We’re committed to safety, and to working closely with the communities who host us. We aspire to be the partner of choice to find, build and operate businesses.

  • 1. Explore and evaluate
  • 2. Develop and innovate
  • 3. Mine and process
  • 4. Market and deliver
  • 5. Close and repurpose

We use new and advanced technologies to explore, discover and deliver attractive growth opportunities, focusing on materials essential for the energy transition.

We use some of the newest and most advanced technologies in the world to discover and unlock the value of new growth opportunities.

Driven by our vision to be the most successful explorer in the industry, we invest throughout commodity price cycles with a focus on materials essential for the energy transition.

We consider new commodities and products with an understanding of customers’ and communities’ needs, while maintaining a diverse, balanced and dynamic portfolio. 

We are mindful of our potential future social and environmental impact and are committed to building sustainable, respectful and mutually beneficial relationships with the communities in which we operate.

As a low-carbon future is at the heart of our strategy, we also evaluate emerging opportunities in the circular economy and in renewable energy production.  

We are an industry leader in research and development and partner with customers, technology providers, academia and local communities to develop new projects and more efficient, safer and sustainable production pathways.

We aim to grow our business while maintaining our commitment to capital discipline and finding better ways to provide the materials the world needs. 

We are an industry leader in developing new and innovative mining and processing options. We invest in research and development with a focus on technologies that help keep our people safe, raise our productivity, reduce capital intensity, unlock new revenue opportunities and improve our environmental, social and governance performance. 

Achieving net zero will also rely on the development and enhancement of new technologies, and we are working with stakeholders across the value chain to accelerate the development of more sustainable, low-carbon production pathways.

Working with a growing network of partners – governments, communities, academia, emerging businesses, customers and suppliers – will help us expand our understanding, capabilities and ultimately our ability to develop and operate new projects.

We own and operate mining and processing operations spanning a range of countries and commodities. We are a global industry leader, focused on safe, productive and environmentally responsible performance. 

We own and operate mining and processing, smelting and refining operations, spanning a range of countries and commodities. 

We find better ways to simplify the way we work and share best practices across our assets to support safe, productive, profitable and environmentally responsible operational performance.

Our operations benefit local economies by contributing training and skills development, jobs, taxes and royalties, contracts with local businesses, and social and community investment. 

We also support the economic diversification of regions where we are based, in alignment with national and regional development plans, playing our role in ensuring our host communities can thrive long after our operations close. 

Our ambition is for our operations to reach net zero carbon emissions by 2050. By understanding and respecting our business partners, employees, communities and the environment, we can create sustainable value for all our stakeholders.

We market our products to meet the diverse needs of our customers, with a focus on creating lower-carbon, responsibly sourced and traceable products that help our customers decarbonise. We maximise value for our business, delivering them safely, reliably and efficiently through our global logistics network.

We align our products with market and customer needs to maximise value for the business.

Our materials are essential enablers of the energy transition and are used in a vast array of everyday products – from electric vehicles to smartphones and skyscrapers.

The transition to net zero will create additional demand for copper, aluminium, high-grade iron ore, lithium and other critical minerals.

We support growth in these commodities with a focus on creating lower carbon, responsibly sourced and traceable products that help our customers decarbonise.

Our global logistics network of rail, ports and ships enables us to control end-to-end delivery of our products safely, reliably and efficiently.

We are responsible operators, delivering value at every stage from discovery to closure. We engage our stakeholders in rehabilitation and social transition planning and in preparation for closure. We review each site's closure plans annually.

Planning and operating with the future in mind is integral to running a safe, responsible and profitable business.

We design and operate our assets in a way that will leave a positive legacy when our mining or processing operations cease.

We engage stakeholders of our sites nearing closure – including Indigenous Peoples, government, employees and host communities – and actively involve them in our planning.

Each of our sites has rehabilitation plans that we review every year as we continue to find better ways to leave a positive legacy for the communities in which we operate.

How we delivered value in 2024

Communities

27.7% increase in spend with Indigenous businesses in Australia

Customers

1,730 across multiple industries

Environment

30.7Mt CO2e Scope 1 & 2 GHG emissions

Government

$77bn paid in taxes and royalties globally over the past 10 years

Investors

402 cents in total dividends declared to shareholders

People

97.4% completion rate of "Building Everyday Respect" employee learning module

Suppliers

$31B spent with suppliers

Concentrator, Oyu Tolgoi

Oyu Tolgoi

Oyu Tolgoi is one of the largest known copper and gold deposits in the world. It is also one of the most modern, safe and sustainable operations in the world
Innovation banner

Innovation

Our pioneering spirit keeps us moving forward
Product of Mongolia banner

Breaking new ground for copper supply

Taking the world’s fourth-largest copper mine underground
Herder, Mongolia

Goat to coat

Reimagining sustainability with cashmere
Copper in electric cars

What makes our copper blush?

Being honoured as the world’s first responsibly produced