– Oyu Tolgoi’s suppliers help to create a brighter future –
Ulaanbaatar, Mongolia – Oyu Tolgoi LLC has recognised the achievements of its suppliers at the fourth Gobi Gem – Supplier Recognition Awards, on Wednesday at the National Opera and Ballet Theatre in Ulaanbaatar. All of Oyu Tolgoi’s Mongolian suppliers were celebrated, with nine companies winning awards. Winners included small, Umnugobi businesses as well as some of Mongolia’s most famous companies.
In 2012, 67 per cent of Oyu Tolgoi’s suppliers were Mongolian and the company plans to increase this further in the coming year. By spending as much money as possible in Mongolia and building a sustainable national supply chain, Oyu Tolgoi maximises economic growth and jobs.
Oyu Tolgoi President and CEO, Cameron McRae said: “Once again, Gobi Gem highlighted how much Oyu Tolgoi is helping to grow Mongolian businesses and create jobs. As well as celebrating the successes of the winners, all of our suppliers deserve our congratulations for the work they are doing to help us create a brighter future for Mongolia”.
“What really struck me about tonight’s winners was how Mongolian companies are delivering the things that Oyu Tolgoi needs in every part of our operation. From the clothing our miners wear to the airline that flies them to our site, together we are delivering a world class mine that is made in Mongolia. As well as developing skills and businesses for the future, we are ensuring that as much money as possible stays in the country, helping the government through taxes and income.”
A total of 29 companies were nominated for awards, from the hundreds who have worked with Oyu Tolgoi in 2012. The event was the culmination of a year of success for Oyu Tolgoi and its suppliers. Oyu Tolgoi produced its first copper concentrate at the end of January. This was the result of years of work and billions of dollars of investment.
Between 2010 and 2012, Oyu Tolgoi spent 1.4 trillion MNT (US$ 1.1 billion) buying products and services from Mongolian companies. Even when it is not possible to find a supplier in Mongolia, Oyu Tolgoi offers training and consultancy to Mongolian and Umnugobi businesses to help them successfully bid for tenders in the future.
Eznis Airways, winner of the Grand Prix award, was established in 2006 and began providing air transport to the Oyu Tolgoi site in 2007. The company employs 350 people and has a strong social ethos, supporting educational progammes and a number of national events. Eznis Airway’s success comes just a few weeks before the official opening of Khanbumbat Airport, which has been constructed for Oyu Tolgoi by Mongolian architects and construction contractors and will be the Umnugobi’s first international standard airport.
The full list of winners is:
- GrandPrix: Eznis Airways LLC
- Best Supplier (Large business): Geomandal LLC
- Best supplier (Medium business): Global Acetylene LLC
- Best supplier (Small business): Orem Trade LLC
- Best supplier (Umnugobi): Setgeshgui Khoich LLC
- Best supplier (Khanbogd): Argal Khet LLC
- Best supplier for employment: CIS LLC
- Best supplier for Local Content Optimisation: Transwest Mongolia LLC
- Best supplier for HSE performance: Energy International LLCAbout Oyu Tolgoi LLC (http://ot.mn/en)
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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