ANNUAL%20REPORT%202015%20eng

Sustainability Report
Highlights of 2015
• Focused on optimizing the Company’s organizational structure and operational productivity through analysis
of job position performance, merger of job duties in certain areas and upgrading of job descriptions;
• Updated our relocation policy under which all of our site employees are enabled to buy an apartment with
financial assistance from the Company;
• Commenced the process of introducing a payroll administration system via our integrated Oracle Enterprise
Resource Planning software in order to improve staff payroll accuracy and efficiency; and
• Transferred more authority to our site based management resulting in faster decision making and increased
productivity at all levels of business.
Non-discrimination and equal opportunity
In line with the Company’s effort to build productive and diverse workforce, we do not tolerate discrimination
based on race, gender, nationality, age, religious belief, social origin, political views, union affiliation, pregnancy,
disability or any other nature and abide by Mongolian Labour Law and all applicable legislation with respect to
non-discrimination. We strive to engage in good practice efforts that go beyond the legal obligations. Our internal
rules and guidelines clearly reflect the policy to conduct all types of HR activities based on principles of nondiscrimination.
All of our employees enter into written employment contracts with the Company which detail, among other things,
their duties and responsibilities, remuneration, as well as the grounds for termination of employment. We employ
people on the basis of job requirements and matching skills, but seek to provide preferential employment to local
people where possible in order to make tangible economic contributions to the communities in which we operate.
As of 31 December 2015, we had a total of 1,797 employees of which approximately 45% were hired from the
local communities. The percentage of our local employees has steadily increased over the recent years (see Table
15), signifying our strong commitment to the host communities.
Annual Report 2015
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