Ulaanbaatar
Oyu Tolgoi recognizes best suppliers of 2015
EconomyUlaanbaatar /MONTSAME/ Oyu Tolgoi LLC Friday reported it held its annual Supplier Recognition ’Gobi Gem‘ Awards in Omnogobi aimag’s Khanbogd soum on Thursday, with government officials, local dignitaries, trade associations, and the supplier community taking part in the ceremony.
The awards recognized achievements in five main categories in 2015: Safety, Business performance; National and South Gobi suppliers, and a ‘Grand Prix’ category for the overall best-performer. The awards, in addition to recognizing the five winners, celebrate the achievements of Mongolia’s business and industrial community across sectors.
Oyu Tolgoi Chairman Batsukh Galsan noted, “One special thing about this year’s Gobi Gem is that it comes so soon after the underground development Project Financing agreement was signed. Around 20 international lenders have partnered with Oyu Tolgoi and our shareholders to move the underground mine forward. Together, the Oyu Tolgoi workforce - and you - will carry this great project forward together,”
Speaking at the event, Oyu Tolgoi President and CEO Andrew Woodley said, “The strength of our partnership will continue to grow – just as Oyu Tolgoi grows with the underground development. I could not be more honoured to be working with the people of Khanbogd and the South Gobi to turn Oyu Tolgoi into one of the most important copper mines in the world in the coming years.
“Economic development goes hand-in-hand with infrastructure development and partnership. We have always seen the development of a strong, competitive, and sustainable supplier base here in the Gobi as critical to both our success--and the prosperity of the community,”
Oyu Tolgoi worked with 989 suppliers, of which 60 per cent or 633 are national companies, in 2015. National spend accounted for 80 per cent of total procurement, and operations spend with national supplier increased to 51 per cent in 2015. South Gobi spend increased to US$66 million compared to US$0.5 million in 2010.
