Maxam invests in Mongolia’s future workforce

Likeminded supplier Maxam shares Oyu Tolgoi’s approach to social responsibility

Since May 2011, Oyu Tolgoi has been working with Maxam, a Mongolian explosives supplier. Thanks to Maxam’s explosives, Oyu Tolgoi celebrated 1,000,000 tonnes of rock blasted in December 2011.

Likeminded supplier Maxam shares Oyu Tolgoi’s approach to social responsibility

Since May 2011, Oyu Tolgoi has been working with Maxam, a Mongolian explosives supplier. Thanks to Maxam’s explosives, Oyu Tolgoi celebrated 1,000,000 tonnes of rock blasted in December 2011.

About Maxam

Maxam was formed in Mongolia in 2006 and has grown consistently to 29 employees in early 2012.

Of these 29 employees, 26 are Mongolian nationals and three are expatriates. Maxam’s approach is to hire expatriate personnel on short term contracts only in order to train its Mongolian workforce.

Maxam invests in education

Maxam invests in Mongolia

Maxam runs an exchange program between universities in Mongolia and the Politecnica de Madrid in Spain.

Oyu Tolgoi shares this approach to investing in education and training in Mongolia. Our graduate scholarship programme sends 120 students at Mongolian universities and 30 Mongolian students at international universities annually.

Social responsibility at the centre of corporate philosophy

Andrew Forster, Country manager for Maxam, said: “It’s an honour for Maxam to have a relationship with Oyu Tolgoi. Maxam has expanded its reputation among the community and businesses in Mongolia thanks to its cooperation with Oyu Tolgoi – a company that is well known for its social responsibility and a high standard of business conduct.”

Cameron McRae, CEO of Oyu Tolgoi, thanked Maxam for their support: “Maxam has been a fantastic supplier for us and I know that they do a lot of great work in the community – particularly with the Mongolian Women’s Fund, New Choice and Alpha Communities helping Mongolian women and children.”

“Oyu Tolgoi shares Maxam’s view that social responsibility must be at the centre of every corporate philosophy.”