Student majoring in mining, natural environment, science, technical and natural sciences
interns in Oyu Tolgoi
As outlined in the investment agreement, the memorandum of understanding signed between Oyu Tolgoi and Ministry of Education, Culture and Science and training program of Oyu Tolgoi, the company developing one of largest gold, copper mines of the world in South Gobi, launched student scholarship program in order to support students majoring in mining engineering, mine operation, natural environment, scientific and technical and natural sciences. Oyu Tolgoi is sponsoring study of 120 students in Mongolian universities and 30 students in international universities under the Oyu Tolgoi student scholarship program.
On top of this, Oyu Tolgoi opened opportunity for students majoring in the above disciplines to intern in the company in order to make significant investment in Mongolian education sector and help practical and theoretical training of qualified and skilled personnel and create jobs.
Currently, from the students interning in Oyu Tolgoi, Enkhbold Enkhtaivan, 3rd course student of Otgontenger University has been selected as Best Student of “Alma Mater-2011” annual best student recognition and award ceremony organized by Mongolian Youth Federation. Every year, traditionally, annual best students are selected from about 70 outstanding students nominated from various universities of Mongolia according to criteria: academic achievement of minimum 95% score point in three consecutive quarters and done outstanding works in economic, social, medical science, linguistic, technological fields, active social participation.
Cameron McRae – President and CEO of Oyu Tolgoi LLC said “ Oyu Tolgoi objective is selection of interns and scholarship recepients from students which are key pillar of future development of Mongolia based on academic achievement, social participation, initiative, future perspective to contribute to Mongolian mining sector in long term and boost enthusiasm and future confidence of the students.
Mongolian company Oyu Tolgoi developing one of world-class mine in South Gobi of Mongolia makes sure that students have opportunity to receive scholarship and intern in Oyu Tolgoi and improve their living standards. Implementation of the above training program and plans makes not only significant contribution to Mongolian economy, but also important investment in social development of Mongolia.
About Oyu Tolgoi LLC (www.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), Ivanhoe Mines (66 per cent) and Rio Tinto. Rio Tinto is the major shareholder in Ivanhoe Mines 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 tugriks) in training and education and an additional US$27 million dollars (36 billion tugriks) 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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