It is now impossible to imagine the
economy of Mongolia without Oyu Tolgoi. A number of changes have occurred since
the Oyu Tolgoi project began. It was Oyu Tolgoi that played a significant role
in the 17 per cent growth in the economy as it infused 7.8 trillion
MNT into the economy before the start of operations. In addition, in 2011
an advance payment of 300 billion MNT was transferred to the Government of
Mongolia and a total sum of 900 billion MNT will be transferred to the
Government of Mongolia as taxes, payments and fees before 2013 when mine
production is scheduled to start.

Mongolia is set to develop and grow
as more citizens are employed and earning wages. Oyu Tolgoi has been
contributing to the business development in Mongolia by creating thousands of
new employment opportunities. As of today 9,621 Mongolians have a hand in this
massive project. Half of the employees in all company departments are now
Mongolian nationals. Further, it is expected that 90 per cent of the overall
workforce in the operational phase will be Mongolian. All company employees
receive an above average salary and more than 73 per cent of the total
employees are highly specialized. Also, according to the figures, Oyu Tolgoi
procured 1.7 trillion MNT from over 1000 Mongolian business entities in
2011. 

The most appropriate course of
action is not to help a man just once, but to train him and enable a lifetime
of income opportunity. Similarly, Oyu Tolgoi invests in education and has
started to train and prepare the workforce of the future. In this regard, Oyu
Tolgoi initiated a training program that cost 110 billion MNT, the largest ever
in Mongolia. For the first time, the company is building three Vocational
Training Centres and rehabilitating 4 Vocational Training Centres in 7 cities
and settlement areas across the country. Oyu Tolgoi has trained 3,300 young
Mongolians nationwide and is carrying out a capacity building training
programme for 1,200 Vocational Training Centre teachers. As such, the
successive programs, characterised by its emphasis on words such as ‘the first’
and ‘the most’ are in order for successive implementation.

If we take a family analogy, Oyu
Tolgoi has already assembled its Ger and the secured the Crown Cover (“Orkh”)
on top of the structure. Oyu Tolgoi is making a large investment in
construction and development projects. This is just the beginning…