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Triple commemoration includes awards ceremony for suppliers and officials
Ulaanbaatar, Mongolia (ot.mn) – Late last month, Oyu Tolgoi staff, suppliers and government officials celebrated the fact that 10,000 truckloads of material have been delivered to Oyu Tolgoi – equating to around 1,000,000 tonnes. Oyu Tolgoi is spending 10 billion MNT each day on procurement.
The huge statistics on truckloads reflect the massive acceleration in the construction of Oyu Tolgoi. In, June, July and August a massive 2,000 tonnes of material was being delivered by trucks each month. A lot of the cargo, most of which originated in the USA and Europe, included heavy equipment for Oyu Tolgoi’s enormous concentrator.
Cameron McRae, CEO of Oyu Tolgoi, said: “This is an important milestone which shows the epic scale of what we are building in the South Gobi. It’s one part of a huge procurement challenge and we couldn’t do it without the very hard work of many suppliers and officials.”
“Together we are working as one towards a common goal and that feels great. These trucks coming through are creating jobs for Mongolians and opportunities for Mongolian suppliers in the future”, he said.
In official functions at Oyu Tolgoi and Gashuun Sukhait, senior members of Oyu Tolgoi staff also handed out awards to suppliers and celebrated the first year anniversary of the customs-traded zone at Oyu Tolgoi – the clearance site where the customs department assesses duty to be collected.
At Gashuun Sukhait, the guests included border troops, the State Specialized Inspection Agency and immigration and customs officials. Senior staff from Oyu Tolgoi included Board Member and former Mongolian President N Bagabandi, CEO Cameron McRae and Head of Procurement John Jones.
By the time the mine is brought into production investors will have spent more than 7.7 trillion MNT to develop Oyu Tolgoi, which will be the largest driver of economic growth in Mongolia for the next decade.
About Oyu Tolgoi (www.ot.mn)
Oyu Tolgoi LLC is Mongolia’s largest copper and gold mining company and is a strategic partnership between the Government of Mongolia, Ivanhoe Mines 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 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 one 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$85 million dollars (110 billion MNT) in training.
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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