– Recognising eco-friendly production –
Ulaanbaatar, Mongolia – Oyu Tolgoi received a gold medal and a diploma at the recent Ecobrand Awards – 2012. The award was presented in recognition of eco-friendly production by the Ecological Product Development Fund, in collaboration with the government and non-government organisations, at the green carpet ceremony.
This year’s Ecobrand Awards took place this week at the Ulaanbaatar hotel. Organisations and individuals were awarded in the categories of eco-friendly individual, eco-friendly government official, eco-friendly producer, eco-friendly importer, eco-friendly service provider and eco-mine.
The awards recognise organisations that sustain ecological production and services, are not detrimental to the human body or the environment and comply with national and international standards.
Ten organisations are nominated from 40 branch units, branches of the consumer community and professional organisations. Then five candidates, who received the maximum number of votes, are admitted to the final phase where the final selection is carried out.
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), Turquoise Hill Resources (66 per cent) and Rio Tinto. Rio Tinto is the major shareholder in Turquoise Hill Resources 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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