– Five large projects to be financed and supported by Oyu Tolgoi –
Ulaanbaatar, Mongolia – Oyu Tolgoi LLC and Khanbogd soum signed an Interim Cooperation agreement on 26 September, 2013.
Under the agreement a number of infrastructure improvements will be made – including paving 5 km of internal roads, establishing a children’s playground and a waste management centre, along with the fit-out of the community integration centre.
Governor of Khanbogd soum, T.Buyan-Ulzii, said during the ceremony: “This is our first agreement. I think from now on, much investment will result and many issues will be resolved.”
Vice President of Oyu Tolgoi LLC, Ivan Vella said: “Through this agreement, we are laying the foundation for long-term productive cooperation with Khanbogd Soum. The document we signed today will be an integral part of the long-term cooperation agreement. We are working to contribute to the sustainable development of Khanbogd.”
This interim cooperation agreement builds on extensive development work already done in Khanbogd. Oyu Tolgoi LLC recently completed construction of 45km of 35KV power transmission line from the mine to Khanbogd soum centre. The power line is already providing Khanbogd residents with power in test mode. In the future, the power line will be transferred to the southern regional power transmission company, a state owned power transmission company operating in Gobi region.
For South Gobi residents, many events coincided this week. A ceremony to host sets of Mongolian Ganjuur and Danjuur sutras was held yesterday, with support from Oyu Tolgoi LLC, the sutras were made available to the public, leading to great rejoicing among many worshippers.
About Oyu Tolgoi LLC (http://ot.mn/en)
Oyu Tolgoi LLC, Mongolia's largest copper and gold mining company, is a strategic partnership between the Government of Mongolia, Turquoise Hill Resources and Rio Tinto. Located in the Umnugobi, Oyu Tolgoi has commissioned Concentrator plant in December, 2012 and commenced shipments of copper concentrate in July of 2013. As the biggest single investment in Mongolian history, Oyu Tolgoi already is a major driver of the country’s economy.
Oyu Tolgoi is managed by Rio Tinto, which is investing global expertise and cutting-edge technology to help develop Mongolia’s mining industry and ensure Oyu Tolgoi is one of the world’s most advanced mines. Oyu Tolgoi is developing a nationwide vocational training programme, regional infrastructure, and is committed to ensuring more than 90 per cent Mongolian national employment and a strong Mongolian supplier base. These programmes will help drive economic growth for generations to come.
Oyu Tolgoi’s core commitment is to a safe work place and setting a new standard in environmental care.
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