About 1000 Mongolian suppliers are contributing to development of one of largest mines in the world
Chinbat Ts / Executive Director of Tanan Impex LLC
Ulaanbaatar, Mongolia (ot.mn) – Last week, Oyu Tolgoi recognized and awarded its top 20 suppliers of 2011. Today, we are recognising the best suppliers in Micro-Small Business, Small and Medium Business, and Large National Supplier categories.
Baumat House LLC, a company which was previously selected as “Oyu Tolgoi Best Small Supplier of the Month” in March and August of last year has been selected as the Best Oyu Tolgoi Supplier in Micro-Business for 2011. Baumat House LLC provides office furniture to Oyu Tolgoi and it was recognized and awarded by Oyu Tolgoi for timely delivery of 460 million MNT worth of products and services and creation of four new jobs in 2011.
Air Trans LLC was recognized and selected as the Best Oyu Tolgoi Supplier in the Small and Medium size business category by Oyu Tolgoi. Air-Trans is a Mongolian & International air ticketing agency and has been providing air ticketing services for Oyu Tolgoi for seven years. The Air-Trans company delivered 5.5 billion MNT worth of services for Oyu Tolgoi according to the services contract, fully meeting timeliness and conditions of the contract in 2011.
Tanan Impex LLC was recognized and selected as the “Best Oyu Tolgoi Supplier in the Large National Supplier Category” for 2011. Tanan Impex company provides hydro-geological exploration and water drilling services for Oyu Tolgoi. This Mongolian company has a total of 237 employees and last year it delivered a total of 5 billion MNT worth of services for Oyu Tolgoi.
John Jones, Oyu Tolgoi Senior Vice President for Procurement said: “Oyu Tolgoi is spending 10.4 billion MNT every day on the development of the project. Over 1000 Mongolian supplier companies deliver goods or services to Oyu Tolgoi. These Best Supplier companies have been recognized and awarded for their efforts and compliance on health, safety, environmental and quality standards. They are big contributors to the development of one of largest mines in the world.”
About Oyu Tolgoi LLC (http://en.ot.mn/)
Oyu Tolgoi LLC is Mongolia's largest copper and gold mining company and is a strategic partnership between the Government of Mongolia (34 per cent stake), Ivanhoe Mines (66 per cent) and Rio Tinto. Rio Tinto is the major shareholder in Ivanhoe Mines and the manager of the Oyu Tolgoi project. In addition to dividends from its 34 per cent stake in Oyu Tolgoi, the Government of Mongolia will receive taxes and royalties.
Oyu Tolgoi, located in the Gobi desert in southern Mongolia, will be one of the largest and highest-grade copper and gold mines in the world. It is the largest project ever developed in Mongolia, requiring a capital investment for phase 1 of more than US$6 billion.
Oyu Tolgoi is committed to contributing to a sustainable future for Mongolia. At least 9 out of 10 employees will be Mongolian once the mine is in production and Oyu Tolgoi is investing US$58 million dollars (78 billion MNT) in training and education and an additional US$27 million dollars (36 billion MNT) in the Workforce Employment Project designed to help address the general skills shortage in Mongolia
Oyu Tolgoi's key priorities are the health and safety of employees, best-practice environmental management, contributing to sustainable communities and always doing business with integrity, for the benefit of all the project's shareholders and the people of Mongolia.
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