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Ulaanbaatar, Mongolia (ot.mn) – Oyu Tolgoi and Energy Resources signed a memorandum of understanding last Friday to work together on efforts to maintain and protect biodiversity in the South Gobi.
The MoU will allow the two companies to share information on biodiversity monitoring, particularly along the road down from the mining sites to Gashuun-Sukhait.
Both companies believe it is important that all mining companies operating in the region should be involved in wildlife protection
“Oyu Tolgoi knows the importance of protecting biodiversity, and we are always thinking about how we can best mitigate our impact in the South Gobi”, said Mr Gili. “We are very excited about this co-operation – we have long recognised that we will be more effective if we work alongside other partners and stakeholders in the minerals industry.”
The first phase of cooperation will last until end of 2013.
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 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$85 million dollars (110 billion tugriks) 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.
About Oyu Tolgoi LLC (www.ot.mn)
Oyu Tolgoi LLC, Mongolia's largest copper and gold mining company, is a strategic partnership between the Government of Mongolia, Turquoise Hill Resources and Rio Tinto. Located in the South Gobi, Oyu Tolgoi commenced shipment of product to customers in July 2013. Oyu Tolgoi is managed by Rio Tinto, which is investing global expertise and cutting-edge technology to help develop Mongolia’s mining industry and ensure Oyu Tolgoi is one of the world’s most advanced mines. For Oyu Tolgoi, nothing matters more than safety. The business operates under the principle that if a job cannot be done safely, it will not be done at all.