– Local community supports the activities of Oyu Tolgoi –
Ulaanbaatar, Mongolia – Oyu Tolgoi LLC organised an 'Open Day' event on the 15 October in Bayan-Ovoo soum in the Umnugobi province. During the 'Open Day' event staff from the Oyu Tolgoi project introduced information on their current work and provided updates about the progress of the mining project.
Local residents actively participated in the event and were provided answers to all of their questions. There was a lot of positive feedback from the event. Residents thanked Oyu Tolgoi for its continuing support of local small and medium size businesses.
Participants of the 'Open Day' event were most interested in Oyu Tolgoi’s business development programme known as 'Goviin Shim' (Gobi Fruit). The programme has been running since 2010 and small and medium size businesses in Bayan-Ovoo have achieved great success. S.Myagmarjav, coordinator of the local economic development programme for Oyu Tolgoi, presented detailed information to the participants. Those who wanted to participate in the 'Goviin Shim' programme were registered during the event.
1658 people currently live in Bayan-Ovoo and 6 students from the town are enrolled in Oyu Tolgoi’s scholarship programme. Today, 46 residents from the town are employed at Oyu Tolgoi. In addition, the mine financed the construction of a gym; investing 900 million MNT to support the health and active lifestyles of Bayan-Ovoo’s youth.
The Oyu Tolgoi 'Open Day' event was also organised in Manlai on 16 October.
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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