OT: REPORT DETAILS MNT 50 BILLION INVESTMENT IN MONGOLIAN DEVELOPMENT

Ulaanbaatar /MONTSAME/ Oyu Tolgoi LLC Tuesday released its 2013 Sustainable Development Report, detailing more than MNT50 billion of investment in development programmes, targeted schemes and social investment projects in the South Gobi and across Mongolia, the OT LLC website reported. The report, Sustainable Development Report 2013, features a full breakdown of programmes and expenditure focusing on safety and health, environmental protection, regional and community development, education and training, and economic development. Speaking about the report launch, OT President and CEO, Craig Kinnell, said: “To us, ‘sustainability’ means investing in-- and supporting--the communities and environment where we operate. In other words, managing our impact carefully, contributing positively to the social fabric of Mongolia, acting with integrity, and helping to strengthen the wider economy of which we are a central part. “As a business, which will last for more than 50 years, we recognise that we have to earn the trust of our neighbours in the South Gobi. It is understandable that they have high expectations from OT and it is for us to prove our commitment to them. These reports, which will be published annually, will help to show our progress,” it says. In future years, OT will continue to produce Sustainable Development Reports which will be published online, at ot.mn.