– Wagner Asia Equipment, one of Oyu Tolgoi’s international suppliers, created 350 new jobs last year and plan to create another 400 new jobs in 2012 –
Ulaanbaatar, Mongolia – Oyu Tolgoi, one of the largest copper-gold mine developments in the Umnugobi, encourage their international suppliers to work closely with local Mongolian businesses. According to their contracts with Oyu Tolgoi, suppliers are obliged as part of their corporate responsibility, to contribute to the local socio-economic development and enhance benefit of the Oyu Tolgoi project for the local community.
Oyu Tolgoi evaluates and monitors the contractual implementation of the international suppliers. One exemplary international supplier fulfilling their contractual obligation with Oyu Tolgoi is Wagner Asia Equipment LLC. Working with Oyu Tolgoi since 2002, Wagner Asia Equipment was awarded last year for providing products and services for Oyu Tolgoi at the highest safety, health and environmental standards.
Operating in Mongolia for 15 years, Wagner Asia Equipment employ 720 personnel, of that number only five are foreign specialists. Wagner Asia company is committed to creating jobs and improving the professional skills of Mongolians. Last year, Wagner Asia Equipment, created 350 new jobs and this year they plan to create another 400 jobs for Mongolians.
Besides job creation, Wagner Asia has invested a total of 18 billion MNT in the development of a Repair and Maintenance Centre. The centre opened late last year and is equipped with the latest computer diagnostic tools of international standard. The centre provides advance level skill training for local Mongolians and conducts advanced 'Master' and 'A' class training courses. The courses continue for 10 months and successful graduates are guaranteed employment.
Wagner Asia Equipment is an authorised dealer of Caterpillar corporation. They sell and lease the latest mining, energy, construction, road and agricultural equipment.
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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