– The mine aims to create a sustainable network of national suppliers –
Ulaanbaatar, Mongolia – Oyu Tolgoi is committed to creating a sustainable network of suppliers and developing businesses in the Umnugobi. Under its objective to support Mongolian suppliers, Oyu Tolgoi National Supplier Development department recently organised supplier development meetings. Focusing on start-up businesses and business development, the meetings were held in Khanbogd soum of the Umnugobi region and in Ulaanbaatar. A total 230 business people participated in two meetings, in both locations, over the last two weeks.
The mine announced 6 of the 40 tenders to supply long term products and services to the mine. These included the leasing of equipment, machinery and tools; supply of limestone and pebbled limestones; repair and maintenance of vehicle tyres; and the supply of metal structures and products. The bids are open until 14 September.
The procurement policy, aimed at supporting long term sustainable local development, hopes to involve more national suppliers in the tendering process, especially Umnugobi businesses. Oyu Tolgoi Vice President, Business Readiness, Ivan Vella, said, "I'm very happy to see the enthusiasm and efforts of our Business Improvement Team, supporting and developing Mongolian companies".
Oyu Tolgoi is committed to supporting small and medium enterprises, offering more opportunities for Mongolian suppliers and supporting value-added-production in Mongolia. Under this goal, Oyu Tolgoi LLC provides training and soft loans to enable Mongolian businesses to work with international companies.
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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