– 30 new students enrolled in the scholarship programme–
Ulaanbaatar, Mongolia – Oyu Tolgoi is implementing its scholarship programme in the South Gobi region for the eighth consecutive year. Recently, students for the 2012-2013 school year were selected for the programme. Thirty new students received an Oyu Tolgoi scholarship which includes both school tuition fees and dormitory payments through graduation.
The objective of the scholarship programme is to support local development by providing financial assistance for students in the Umnugobi who are interested in studying relevant topics and returning to their communities to work after graduation.
Janet Reark, Oyu Tolgoi Principal Advisor for Community Relations and Social Performance, handed scholarship certificates to the selected students on 1 August. During the ceremony, a 'Success Story' exhibition was held for the 30 recipients of the Oyu Tolgoi scholarship programme.
Eighteen of the thirty students are from Dalanzadgad, the capital of the Umnugobi and twelve are from Bayan-Ovoo, Khanbogd, Gurvantes, Bayandalai, Bulgan, Khankhongor, Tsogt-Ovoo and Tsogttsetsii soums. These students will focus their studies in petrology, business, economy, medical science, mining, food production, IT systems management, natural environment, construction and journalism among other disciplines.
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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