Press release: Report details MNT 50 billion investment in Mongolian development

Oyu Tolgoi showcases contributions to society, environment and community development

Ulaanbaatar, MongoliaOyu Tolgoi today released its 2013 Sustainable Development Report, detailing more than MNT50 billion of investment in development programmes, targeted schemes and social investment projects in the South Gobi and across Mongolia.

The report, Sustainable Development Report 2013, features a full breakdown of programmes and expenditure focusing on safety and health, environmental protection, regional and community development, education and training, and economic development.

Speaking about the report launch, Oyu Tolgoi President and CEO, Craig Kinnell, said: “To us, ‘sustainability’ means investing in – and supporting – the communities and environment where we operate. In other words, managing our impact carefully, contributing positively to the social fabric of Mongolia, acting with integrity, and helping to strengthen the wider economy of which we are a central part.

As a business, which will last for more than 50 years, we recognise that we have to earn the trust of our neighbours in the South Gobi. It is understandable that they have high expectations from Oyu Tolgoi and it is for us to prove our commitment to them. These reports, which will be published annually, will help to show our progress.”

Significant highlights of the report include:

  • A better-than-target safety record for the year.
  • Investment in improving the health of employees with long-term health conditions.
  • Water use which averaged less than half the global average for copper-gold mines, with an 84 per cent recycling rate.
  • Further expansions to our collaborative monitoring programmes, where Oyu Tolgoi works with local herders to monitor the environmental impact of the mine.
  • Connection of Khanbogd to a permanent power supply and continued engagement to develop a long-term master plan for the town’s development.
  • Support for a series of NGO-led projects to create a tangible and long-lasting impact on economic and social development in the South Gobi and nationally.
  • Completion of the three year National Workforce Programme, with a total of 13,500 previously unemployed Mongolians benefiting from the scheme.
  • More than MNT820 billion spent on procurement within Mongolia, and a 78 per cent increase in procurement spend in the South Gobi.

In future years, Oyu Tolgoi will continue to produce Sustainable Development Reports which will be published online, at ot.mn.

 

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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