Ulaanbaatar, Mongolia (ot.mn) – On October 20th – 22nd, 12 local business owners from rural Mongolian communities participated in a business training and development trip to Ulaanbataar city through Oyu Tolgoi’s Gobi Prosperity programme, a significant company initiative aimed at supporting the development of local business and economies.
The three-day trip was hosted in partnership with Development Solutions, a non-profit NGO based in Ulaanbaatar, focused on social and economic development in Mongolia.
Participants included 12 local small business owners specialising in vegetable growing, chicken farming and felt crafts from Manlai, Khanbogd, Bayan-Ovoo, Dalanzadgad and Umnugobi aimags. Business owners visited 'Soyolj' center, 'Bukhug' company, and 'Wool Craft Supporting Center.'
“This Oyu Tolgoi programme not only benefits the livelihood of the local people, but it will also undoubtedly benefit the entire country of Mongolia,” said D. Baljinnyam, a vegetable farmer and participant of the trip.
D. Baljinyam, is one example the many that have started and expanded their business through the help of Oyu Tolgoi’s Gobi Prosperity programme. He explained that he has learned many valuable skills to foster the success of his business, such as ways to increase his annual harvest through research and advanced technologies.
About Oyu Tolgoi LLC
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 tugriks) in training and education and an additional US$27 million dollars (36 billion tugriks) 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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