The company focuses on creating long-term sustainable change in the community through programs that support the livelihood of the residents and local development. To achieve this, we cooperate with the local government and community stakeholders. For that purpose, we established the Local Cooperation Agreement with Dornod Province in 2019. The Local Cooperation Committee, consisting of nine members representing diverse stakeholders, carries out an annual assessment of the fulfillment of this Cooperation Agreement. The performance of the Cooperation Agreement has been consecutively rated high over the last three years, with implementation rates well over 85%.
We achieved our commitment for local development through capacity building and direct or indirect economic contributions, such as local employment, community project funding, and local procurement. We proudly boast 100% support in local procurement.
In order to support youth development, the Company has awarded financial scholarships to over 1,740 local students since 2017.
Mongolian nationals
from local regions
Local Development Fund:
billion
Other investments in local development:
billion
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