– Certificate presented for safety recognition –
Ulaanbaatar, Mongolia – Oyu Tolgoi has made significant intellectual investments by spending a total of 110 billion MNT (US$85 million) on Mongolian workforce training programmes. The programme funding are the largest of their kind in Mongolian history. Within the framework of this effort, three standard technical schools will be built throughout Mongolia with four additional vocational training centers expected to undergo full scale upgrades.
Bats Urguu LLC is currently constructing one of the standard technical schools in the Nalaikh district in Ulaanbaatar. Yesterday, company experts along with Steve Garcia, Executive Vice President of Oyu Tolgoi, visited to present a certificate to Bats Urguu LLC for attaining full safety compliance as well as 'at heights' safety certification.
In his remarks to the workers, Mr. Garcia said, “We are happy to be cooperating with this outstanding Mongolian company. Safety is our first priority. We are grateful that your company ensures safety at all times.”
J.Batsaikhan, Director of Bats Urguu LLC, noted “Our company achieved 70,000 man-hours without a time loss incident. To date, we have 127 workers. We prioritize safety and fully comply with the requirements and standards of Oyu Tolgoi. We are expecting to hand-over a high quality facility on schedule”.
The standard technical school in Nalaikh district is expected to be commissioned by August 2013.
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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