The long-term
agreement signed last year between Energy Resources Ltd. and the Mongolian University of Science and Technology
covers 6 projects in conducting research and training, and creating employment.

“Energy
Resources” scholarships will be awarded to 30 students every year. According to
B. Damdinsuren, Rector of the university, this will on the one hand help meet
the demand for qualified professionals as the industrial sector expands, and on
the other offer incentives to students by opening up job prospects.

This year the
company received 225 applications for the scholarships. In addition to choosing
30 from among them, the company also selected 10 students to receive hands-on
training at the mine.