– Mine to buy supplies from Mongolia and not from Canada –
Ulaanbaatar, Mongolia – Today, Oyu Tolgoi LLC cooperates with hundreds of Mongolian companies for its mine development work. It is committed to open and transparent procurement policies and provides procurement information for all international and Mongolian suppliers.
Oyu Tolgoi was initially looking to get a supply of lockers for employees from Canada and had already reached a tentative agreement. Then the company decided to look in Mongolia and announced open tendering among Mongolian companies. Many Mongolian companies participated in this tendering and Elmeko LLC won the bid. This company met quality and design standards. In addition, the price was twice as cheap and the delivery time twice as fast.
This Mongolian company was initially set up in 2002 to work in the electrical and mechanical sector. It produces various sheet metal products in its plant that is fully equipped with German made equipment.
Oyu Tolgoi makes tangible contributions to the growth and development of the Mongolian business sector by procuring goods and services from hundreds of Mongolian suppliers. Supplying products to Oyu Tolgoi allows companies such as Elmeko LLC to create new jobs and strengthen its financial position while increasing revenue.
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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