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Mongolia to change representatives at Board of directors of Oyu Tolgoi www.news.mn
The Oyu Tolgoi copper-gold project, which commenced its mining operations in 2013, is one of the largest mining projects being developed in Mongolia.
The Government of Mongolia holds 34% of the total issued shares of Oyu Tolgoi LLC through Erdenes Oyu TolgoiLLC, a subsidiary of Erdenes Mongol LLC, a state-owned company. Erdenes Oyu TolgoiLLC holds the Government’s shareholding interests in Oyu TolgoiLLC and exercises shareholder’s rights on behalf of the Government. Turquoise Hill Resources indirectly holds 66% of the total issued shares of Oyu Tolgoi LLC while Rio Tinto owns a majority of the issued shares of Turquoise Hill Resources. The Board of Directors of Oyu Tolgoi LLC is composed of nine directors, with three of them nominated and appointed by the Government of Mongolia.
On the basis of the minutes of cabinet meeting of the Government dated 29 January 2020, the Cabinet Secretariat hereby announces open selection for candidates for directors to represent the Government of Mongolia at the Board of Directors of Oyu Tolgoi LLC (each a “Director”).
For the purpose of ensuring sustainable and long-term benefits to Mongolia generated by the Oyu Tolgoi project, two Directors – one qualified in the field of geology and mining and the other qualified in the field of finance and economics – will be selected.
Citizens of Mongolia who meet the general and specific criteria set forth below are welcome to participate in this open selection.
I. GENERAL CRITERIA
1. High level of professional ethics, impartial, sincere, able to undertake comparative analysis and make independent decisions;
2. No records of court conviction for criminal charges;
3. No connections with the members of the Board of Directors orthe Executive Management Team of Oyu Tolgoi LLC or their affiliated persons;
4. Neither represents nor has business engagement with company stakeholders (shareholders, shareholders of controlling blocks, and partners etc.) or affiliated persons of Oyu Tolgoi LLC;
5. No overdue debt under a loan agreement, collateral or guarantee agreement;
6. Excellent knowledge andproficiency in written and spoken English language.
II. SPECIFIC CRITERIA
Criteria for selection of a Director in charge of mining-related matters:
1. Holds at least a master’s degree in the field of geology and mining;
2. No less than 10 years of professional work experience;
3. Experience in developing reports of geological survey and technical and economic feasibility studies of mining deposits and concentrator plants in relation to major mining projects;
4. Candidates who have work experience in gold and copper mines, and experience in implementing control over costs and investment of mining projects are preferred;
5. The Director will not perform other jobs or duties during the term of his/her appointment.
Criteria for selection of a Director in charge of finance-related matters:
1. Holds at least a master’s degree in the field of economics, finance and accounting;
2. Work experience in the senior positions of financial departments of state-owned enterprises or private companies;
3. Certified public accountants of Mongolia are preferred;
4. Holders of international qualifications such as АССА (Association of Chartered Certified Accountants), CFA (Chartered Financial Analyst), CPA (Certified Public Accountant) are preferred;
5. The Director will not perform other jobs or duties during the term of his/her appointment.
III. SUBMISSION DOCUMENTS:
1. Cover letter (candidate’s proposals on the sustainable and long-term growth of benefits to Mongolia generated by the Oyu Tolgoi project and statement that the candidate meets all criteria must be reflected);
2. Application form (template application form for civil servants, a 4×6 sized photograph);
3. Employmentreference letters (employment certificate letter from previous employer(s), brief description of candidate’s works and duties);
4. Copies of a citizens identification card;
5. Copies of diplomas or certificatesof other training and seminars attended;
6. Reference letter from the Police confirmingno criminal conviction records;
7. Reference letter from the Bailiff’s Office confirmingno overdue debt.
IV. SUBMISSION DEADLINE:
Candidates who meet the above criteria are invited to submit the foregoing documents to Mrs. M.Badamlyankhua at the Cabinet Secretariat of the Government of Mongolia, BY 30 SEPTEMBER 2020.
Address: the Cabinet Secretariat of the Government of Mongolia
The State Palace
D.Sukhbaatar square,
Sukhbaatar district, 6th khoroo, 14201
Telephone: (976-51) 260817, 262408
CABINET SECRETARIAT OF THE GOVERNMENT OF MONGOLIA
OYU TOLGOI
Published Date:2020-09-15
