Mongolian President Elbegdorj Tsakhia held a friendly conversation with Oyu Tolgoi employees at site
On Jan 20, Mongolian President Elbegdorj Tsakhia visited the Oyu Tolgoi site which just passed 70 percent completion of the construction phase and met with management of the mine. Mongolian President witnessed first-hand the enormous progress at the mine site.
During the visit, President Elbegdorj enjoyed lunch in the canteen of Oyu Tolgoi along with Mongolian workers and had friendly conversation about the development work and living conditions of mine workers.
The workers said to the President they are very proud to be part of giant Oyu Tolgoi mine development work which is introducing world’s best environment, health and safety standards in Mongolia.
D.Bilguun, the Community Relations Officer at Oyu Tolgoi said to the President “Mr.President, I was five when I saw your picture from my father photo album and know you since. I think you Mr. President and my father played important role among the other pioneers of democracy in the democratic revolution of Mongolia. Today I’m 24 years old and working at Oyu Tolgoi project and you are the President of 20-year old democratic Mongolia. You and your friends have built democracy in Mongolia which is the very ground for us to build Mongolia into a strong and prosperous nation. Today me and my friends are taking part in building one of its parts. Thank you for all you have done for us.”
In response, President Elbegdorj said “Future of Mongolia is on your hands, the young people. You all must continue what we have started.”
Oyu Tolgoi employs around 10,000 Mongolians and is operating the largest vocational training programme in Mongolia’s history to train future generations of workers.
About Oyu Tolgoi LLC (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 (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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