Khanbogd is the closest settlement to Oyu Tolgoi (OT), one of the world’s largest copper-gold mines.
It’s home to many of our people and their families, in an area where communities have lived for thousands of years.
For a long time we’ve supported Khanbogd soum’s development. But we wanted to play a more active role, working alongside the community to invest in the soum, helping to create greater shared value and long-term benefits for both our employees and the wider community.
To support this strategic social investment, in 2022 OT established the Catalyst Fund – a 5-year, US$50 million commitment to infrastructure, education and enterprise development and signed a memorandum of understanding (MOU) with the Government of Mongolia.
These weren’t just our plans; they were shaped by the community itself.
Residents identified priorities, proposed ideas and decided which projects should move forward.
The people of the soum have played an important role in how projects have taken shape and been carried out, helping Khanbogd grow into a vibrant, sustainable town that attracts people and businesses alike.
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https://www.riotinto.com/en/news/stories/khanbogds-catalyst-for-growth |