Press release: Oyu Tolgoi LLC to train own employees for four years

– Students to study, blending theory with practice –

Ulaanbaatar, Mongolia – Based on a five-year workforce training plan, Oyu Tolgoi began enrolling contracted students in 2010. This year 165 applicants from 21 aimags were selected to study for a total of four years. They will be studying at the School of Technology affiliated with the Erdenet ore-enrichment plant and at the Training Centre affiliated with Wagner Asia LLC. They are studying to become equipment mechanics, turners, electricians, precise gauge and automatic technicians, and welders.

Last Wednesday, at the Training Centre affiliated with Wagner Asia LLC, Oyu Tolgoi LLC signed an agreement with 30 students studying to become heavy equipment mechanics. They confirmed that their qualifications will be recognised nationally and they will have an allowance paid to them. Moreover, the students will be receiving two-way transportation allowances during their vacations twice a year to visit home. They are also able to join Oyu Tolgoi LLC as full-time employees when they successfully finish school and meet the company’s requirements.

One of the students, B.Bayarsaikhan said: “I come from Dornod aimag and I have an engineering background. Before now, I have worked as a storekeeper and a clerk with the local transport and road office. I chose this profession because I want to work as an engineer. Mining is the future for Mongolia. I’m studying with the goal to live a good life and make my own contribution to the development of the mining sector.”

A.Nergui, from Arkhangai aimag shared: “I’m really happy that I’m now studying after passing the selection process. The mining sector is developing rapidly in Mongolia. I chose this vocation because the sector offers a decent salary.”

 

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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