Top 20 suppliers to be acknowledged at “Gobi of Treasure” Awards Ceremony
Ulaanbaatar, Mongolia (ot.mn) A total of 47 Mongolian supplier companies will receive special mention at the “Gobi of Treasure” Annual Best Supplier Recognition Award Ceremony hosted by Oyu Tolgoi. The top 20 out of these 47 suppliers, including from best suppliers from Khanbogd, Dalanzadgad soums, will receive awards in several categories. They range from Social and local development, leading environmental management and introduction of new technology to health and safety, new job creation and the best of the best Oyu Tolgoi-Grand Prix award.
Paul Gerber, the Oyu Tolgoi manager in charge of Health and Safety issues said “Today, we will select and award the top 20 suppliers of Oyu Tolgoi based on their performance in 2011.” He continued, “This includes the selection of two suppliers that upholds health and safety principles and supports development of Health and Safety areas. We are very happy that these suppliers will be recognized for their efforts and productivity.”
He also noted that “Oyu Tolgoi successfully completed 70% of the mine construction work with the contribution of local and national supplier companies that upholds health and safety principles.”
Ensuring the health and safety of employees should be the most important principle for mining companies. Oyu Tolgoi, which is introducing international best practices for mining safety management in the Mongolian mining sector, emphasizes the health and safety of not only the mine workers but all throughout the project. To support this mission, Oyu Tolgoi is working to complete the introduction of ISO14001 and OHSAS18001, an international standard and will be in full compliance this year.
About Oyu Tolgoi LLC (www.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 tugriks) in training and education and an additional US$27 million dollars (36 billion tugriks) 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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