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Oyu Tolgoi enters into Memorandum of Understanding with the Government of Umnugovi Province for Joint Funding of the Dalanzadgad Regional Sports and Cultural Complex Construction

 

Dalanzadgad, Umnogovi – Oyu Tolgoi LLC today entered into a Memorandum of Understanding with the Government of Umnogovi Aimag for joint funding of construction of the Dalanzadgad Regional Sports and Cultural Complex.

Under the Investment Agreement signed in 2009, Oyu Tolgoi LLC is committed to developing partnerships with the government and people of Umnogovi in order to contribute positively to the sustainable economic development of Umnogovi aimag and the soums affected by the mine.

Mr. Badraa, the Governor of Umnugovi province said "I would like to express my gratitude to Oyu Tolgoi LLC for supporting the construction of a modern Sports and Cultural Complex, which will be built to international and Mongolian construction standards.

"The Complex will be an important venue, not only in the aimag, region or nation, but for international sports and art events. I have no doubt that future international sporting champions and art celebrities will come from this aimag and Sport Complex."

Galsan Batsukh, the Chairman of Oyu Tolgoi LLC said “Under its social performance and regional development objectives, Oyu Tolgoi is making a major contribution to the development of the Umnogovi aimag. We are committed to supporting the development of local and regional infrastructure and services, particularly those which support healthy lifestyles and wellbeing among the local population. This first-class Sports and Cultural Complex will provide wonderful benefits to the people of Dalanzadgad.”

The Government of Umnugovi and Oyu Tolgoi LLC agreed that Oyu Tolgoi will contribute a total of US$2 million towards the construction of the sports complex.

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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.

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