– Oyu Tolgoi contracted national companies to perform this 6 billion MNTconstruction project –
Ulaanbaatar, Mongolia – Oyu Tolgoi, a Mongolian mining company, has carried out a wide range of activities to develop Umnugobi province. The projects are aimed at improving the aimag’s water supply, the electricity supply of its soums, developing local suppliers, supporting SMEs, creating local employment opportunities, preserving the aimag’s cultural heritage, developing the skills of its workforce, and improving public health.
T.Bayarsaihan, Oyu Tolgoi LLC VP for Regional and Social Development: “Oyu Tolgoi, the largest mining project in Mongolia, is not yet operational; however it is contributing to the social and economic development of Umnugobi. During last three years, Oyu Tolgoi LLC donated over MNT30 billion to development of the aimag”.
All the current 12 infrastructure projects implemented in Umnugobi are 100% run by Mongolian companies. Oyu Tolgoi LLC is working towards ensuring a reliable power supply for its production, as well as permanent electricity sources for Hanbogd. Oyu Tolgoi LLC has already started the construction of high voltage electricity lines to the soum, in cooperation with its domestic suppliers.
Two domestic contractors, “Bodi International” and “Ilch Hangai LLCs”, were selected for the MNT 6 billion budgeted construction of a 35 kW power gridline and sub-stations, scheduled to finish in September this year.
With this new construction, Oyu Tolgoi will ensure that Hanbogd will be supplied with electricity on a 24/7 basis, until Oyu Tolgoi has full access to imported electricity, with the consent from the Government of Mongolia.
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), 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 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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