– Oyu Tolgoi to help Mongolian mining suppliers reach international standards –
Oyu Tolgoi has launched a capacity evaluation and building project aimed at improving the capabilities of Mongolian suppliers as part of efforts to help firms reach international standards and thus build long-term investment capacity in the Mongolian economy.
The objective of evaluating their contractual capacity is to offer more opportunities for Mongolian suppliers to bid successfully in Oyu Tolgoi’s open tenders, by developing technical and business skills and capacity. Additionally, it will help the Mongolian mining suppliers develop international standards.
“Starting this year, we began to evaluate the contractual capacity of all our suppliers according to seven criteria commonly adopted internationally, and to develop their capacity through identifying their weaknesses,” said Oyu Tolgoi Vice President Procurement Ivan Vella.
“This way, the suppliers will confirm their commitment to working with Oyu Tolgoi and improve their ability to meet the safety and health standards, as well as Oyu Tolgoi’s quality requirements,” he said.
The suppliers that pass the preliminary evaluation stage will enter the next round of selection. The preliminary evaluation includes performance indicators on health, safety, environmental protection, finance, ethics, quality management, legal and IT security, human resources management, service and feedback.
Currently about 1,000 Mongolian businesses and companies supply products and services to Oyu Tolgoi, which represents a long-term investment in the Mongolian economy.
Oyu Tolgoi’s procurement policy and principles are open and transparent to all international and national suppliers. Companies interested in supplying products and services to Oyu Tolgoi can read the “procurement policy” documents posted on the company’s website, and see if they meet the set criteria.
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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