Ulaanbaatar – 10 September, 2010 –– Ms. Nergui, CEO of M–ICP meets with Mr. Trevor Siddali, Procurement consultant of Oyu Tolgoi LLC at Seoul Business Center today. Discussion had been mainly focused on M–ICP business initiatives. At the same time, Ms. D Nergui and Mr Siddali also exchanged their views on the possibility of improving the environment for efficient procurement in the country and organizational excellence in overall.

Oyu Tolgoi LLC is Mongolia’s largest copper and gold mining company, which will build and operate the Oyu Tolgoi copper–gold project in Southern Mongolia. It is scheduled to begin commercial production in 2013. Oyu Tolgoi is a strategic partnership between the Government of Mongolia (34% stake), Ivanhoe Mines (66%) and Rio Tinto.

Oyu Tolgoi’s key priorities in developing the mine responsibly are: the environment, the health and safety of its employees, sustainable development, world class technology and behaving with integrity. Oyu Tolgoi works closely with local communities, respects laws and customs and will ensure a fair share of benefits and opportunities for the Mongolian people.