Oyu Tolgoi progress reviewed

Oyundelger 2016-08-31 11:08

Mining

Rio Tinto’s chief officer for copper and diamond division, Mr Arnaud Soirat paid a courtesy call on the Prime Minister of Mongolia, Mr J.Erdenebat, to present the progress of Oyu Tolgoi Underground Mi

Rio Tinto’s chief officer for copper and diamond division, Mr Arnaud Soirat paid a courtesy call on the Prime Minister of Mongolia, Mr J.Erdenebat, to present the progress of Oyu Tolgoi Underground Mine Development. Mr Prime Minister underlined that the Government has already set out the policy to work with Rio Tinto on OT project, and reminded that the benefit from the project will not only be measured by the tax revenue, but also by the numbers of workplaces created, capacities built and livelihoods improved. Mr Soirat informed that about 1,400 Mongolian nationals are working for the underground development, and the number is growing. The weight domestic purchase reached 80 percent of the total purchase of the OT project, and the Rio Tinto group will make efforts in promoting Mongolia’s image as a favorable business partner for investors, he said. “Mongolia needs investment. Oyu Tolgoi LLC is obliged to supply its power from Mongolia, as per the agreement, and the Government has been taking some actions on this. Mongolian private companies have been working toward producing international standard cement for OT supply”, said the PM and noted that the project procurement should entirely be made in Mongolia.