– Oyu Tolgoi LLC provides 3.6 billion MNT funding to the technical training centre –
Ulaanbaatar, Mongolia – Oyu Tolgoi LLC has implemented the largest programme to train the Mongolian labour force. The project includes the construction of three new Technological Schools and the renovation of four Vocational Education Training Centers (VETC) in Mongolia.
The opening ceremony of the Technical Training Centre in Khanbogd soum, Umnugobi province, took place yesterday. Funding of 3.6 billion MNT (US$2.8 million dollars) has been provided for this centre, which has training and practice rooms and is fully equipped with technicians and equipment.
Cameron McRae, President and CEO of Oyu Tolgoi LLC said: “Oyu Tolgoi plans to build standard technological schools in Dalanzadgad, Nalaikh and Khanbogd. Today we are opening the first mining Technical Training Centre in the Gobi region of Mongolia. This centre will be the principal educational and training place for the local community. I appreciate every organisation that has supported the implementation of the Technical Training Centre project, particularly the Ministry of Education, Culture and Science and the Training Department of Oyu Tolgoi LLC”.
Also, N.Byambasuren, Deputy Chair of Vocational Education and Training Department said: “This is a substantial investment in the vocational education of Mongolia. This centre is not just a building, it is significant as it creates a comprehensive learning environment with equipment and technical training provided”.
The Technical Training Centre plans to run short and long term courses for 12-18 months in English, computers and management, training specialised workers for Oyu Tolgoi and businesses in the local area. The centre will also offer 20-24 day short technical courses for mechanics, welders and electricians.
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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