Category: News

There is a common perception that in rural areas there are no jobs, no markets to sell products and services and no possibilities for business development. However, the business history of one ordinary young man in the Gobi shows otherwise and demonstrates there are opportunities to develop and grow if one has the desire. E.Sugir,…

– Oyu Tolgoi contracted national companies to perform this 6 billion MNTconstruction project – Ulaanbaatar, Mongolia – Oyu Tolgoi, a Mongolian mining company, has carried out a wide range of activities to develop Umnugobi province. The projects are aimed at improving the aimag’s water supply, the electricity supply of its soums, developing local suppliers, supporting…

The procurement policy and principles of Mongolian mining company, Oyu Tolgoi, is open and transparent for all suppliers. The mine is committed to a special policy directed at international and national suppliers and suppliers from the Umnugobi region. B.Serjmaa, from the national procurement development department of Oyu Tolgoi spoke to us about the supplier policy…

– Oyu Tolgoi is contributing to the Mongolian rural economic development through a 1.5 billion tugrug loan fund designed to support local small and medium size business entrepreneurs – Ulaanbaatar, Mongolia – The National Development and Innovation Committee, the Ministry of Mineral Resources and Energy, and the Mining Exchange NGO jointly organized the 2nd Mining…

– Over 200 local suppliers are working with Oyu Tolgoi and supplied over 3 billion MNT of goods and services to the mine – Ulaanbaatar, Mongolia – Over 1,000 national suppliers and companies supply goods and services to Mongolian mining company, Oyu Tolgoi. From them, over 200 are local businesses in the Umnugobi region. In…

– Wagner Asia Equipment, one of Oyu Tolgoi’s international suppliers, created 350 new jobs last year and plan to create another 400 new jobs in 2012 – Ulaanbaatar, Mongolia – Oyu Tolgoi, one of the largest copper-gold mine developments in the Umnugobi, encourage their international suppliers to work closely with local Mongolian businesses. According to their…

– Transwest Mongolia is one of Oyu Tolgoi's strategic suppliers – Ulaanbaatar, Mongolia – Oyu Tolgoi prefers to work with Mongolian suppliers and works with international suppliers only when there is no alternative. By working with Oyu Tolgoi, international suppliers are obliged to work with Mongolian businesses, contribute to local development and improve project benefits…

– Strategically important international suppliers to Oyu Tolgoi are encouraged to invest in the development of Mongolia – Ulaanbaatar, Mongolia – Mongolian mining company, Oyu Tolgoi, implemented an innovative  procurement policy to work with strategically important international suppliers in December 2011. According to the procurement policy, international suppliers of Oyu Tolgoi are encouraged  to cooperate with…

–  Oyu Tolgoi to help Mongolian mining suppliers reach international standards – Oyu Tolgoi has launched a capacity evaluation and building project aimed at improving the capabilities of Mongolian suppliers as part of efforts to help firms reach international standards and thus build long-term investment capacity in the Mongolian economy. The objective of evaluating their…

– President and CEO of Oyu Tolgoi gives detailed answers to questions from Mongolian economic journalists – Ulaanbaatar, Mongolia – Along with mining development, large, long term investment opportunities have opened up in the Mongolian economy. Only five years ago, the mining sector was restricted to Erdenet and Mongol Rostsvetmet, state-owned companies. The total investment…