The Cooperation Agreement between Oyu Tolgoi LLC and its partner communities – composed of Umnugobi aimag, and Khanbogd, Manlai, Bayan-Ovoo and Dalanzadgad soums – was established in Dalanzadgad on 22 April 2015.
The agreement sets out how the parties will work together towards sustainable development in important areas such as water, environment, pastureland management, cultural heritage, tourism, local business development and procurement.
The main goal of the agreement is to provide a strong governance structure for Oyu Tolgoi and local communities to achieve more effective cooperation and address mutual obligations.
Under the agreement, Oyu Tolgoi will make a contribution of US$5 million every year to a Development Support Fund (DSF) – administered jointly between Oyu Tolgoi and the Community – for community programmes and projects in the Umnugobi aimag.
The Cooperation Agreement is a requirement under the Oyu Tolgoi Investment Agreement (OTIA) and the Mongolian Minerals Law. Equally importantly, Oyu Tolgoi believes that such an Agreement is vital part of its operations, and will assist in creating a future where community and cultural traditions are sustained and where the current and future generations have improved opportunity for health, education, employment and wealth creation.
Please see the agreement in full using the link shown below.