Speech by First Lady generates big donations, mining company main sponsor
September 30th, 2011 – A major speech by the First Lady of Mongolia, Mrs. BolormaaKhajidsuren, has helped to raise 2.5bn MNT to pay for vital health equipment for the country, it was announced today. The First Lady spoke in Denver, Colorado, USA on September 15 and 16ata major fund-raising event attended by over 1800 delegates and sponsored by Rio Tinto, which manages the OyuTolgoi mine in the South Gobi.
The address was delivered to Project C.U.R.E.’s First Ladies’ Luncheon (an annual fundraising event that helps the humanitarian efforts of different First Ladies’ from around the world). Project C.U.R.E. is a charity that provides essential medical supplies and equipment to support healthcare in communities across the world. The equipment will be delivered early in 2012.
This year Project C.U.R.E. has selected Mongolia to benefit from the substantial donations it receives. The donations raised at last week’s event will be used to buy medical supplies, which will be supplied to hospitals and clinics across Mongolia.
The First Lady’sspeech highlighted the health issues in Mongolia and raised awareness of the difference the delegates’ efforts and donations could make to international healthcare. Alison Kuttler, Rio Tinto Vice-President of External Affairs, spoke on Rio Tinto’s behalf.
Cameron McRae, CEO of OyuTolgoi and Country Director of Rio Tinto Mongolia, said Rio Tinto was proud to sponsorthe Project C.U.R.E. event, and to support the First Lady as she took her message to the USA.
“We at Rio Tinto were delighted to be invited to be the title sponsor of the seventh annual First Ladies Luncheon for Project C.U.R.E, and we were honoured to talk alongside the First Lady.
“Rio Tintoproudly supportsMongolia as it aims to meet its Millennium Development Goals, which include prioritising child health and maternal health,” he said.
Alison Kuttler, Vice-President of External Affairs for Rio Tinto, and the First Lady
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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