ANNUAL%20REPORT%202015%20eng

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Sustainability Report Table 18. Community investment in 2015 Areas of community investment MNT Local infrastructure development (water, power supply, etc.) 1,372,742,750 Community development programs 403,455,576 — Support in education 100,000,000 — Health support programs 54,292,500 — Environmental protection 10,374,000 — Sustainability livelihood 10,415,051 — Cultural heritage preservation 176,400,000 — “Good neighbourhood” initiative 51,974,025 Grants and sponsorships 166,000,000 Local procurement (Umnugobi aimag) 449,194,800 TOTAL 2,391,393,126 Community development programs Our community development programs focus on improving the quality of life for the people and create lasting benefits. We support a wide range of community projects in the areas of education, health and well-being, cultural heritage and local business development in order to build stronger and more sustainable communities. Based on the needs of the community as identified through regional plans, consultation and our socio-economic baseline studies, we design and prioritize our community development programs. “Dream” secondary school, kindergarten and dormitory complex The secondary educational complex co-financed and established by the Company 3 years ago had the highest average graduation test scores in 2015 among all secondary schools in Umnugobi aimag, showing visible improvement in the quality of rural education. In addition to meeting both the national and international standards in terms of the learning environment and quality of facilities, the school has been receiving management support by the Company on the provision of trained teachers and introduction of advanced teaching methodologies. 2015 marked the first official graduation of the “Dream” school. With an obvious improvement in all areas of academic performance, the vast majority of the graduates became eligible for acceptance to reputable national or international tertiary institutions. “Green belt” project The Company continued its “Green belt” project for the fourth consecutive year, which aims to support the vegetable gardening initiatives of the local community members and assist them in generating an additional source of income. In 2015, the project area was expanded by 4 hectares and a new irrigation system was introduced, enabling over 100 community members to start vegetable gardening in the area. Over the past 3 years, more than 180 local people grew 18 types of fruits and vegetables for home use or market. Annual Report 2015 73
Sustainability Report As part of the “Good Neighbourhood” initiative, the Company provides various types of in-kind assistance to the host communities. During the period under review, the Company carried out the following activities in support of the local communities: • We provided free-of-charge supply of thermal coal to a power plant in the provincial capital Dalanzadgad as well as power plants in nearby soums of Tsogttsetsii, Bayan-Ovoo and Khanbogd. In total, 25 kt of thermal coal was supplied. • To assist local hurders overcome the challenges of harsh winter conditions, 3,680 bundles of hay and 1,360 packages of wheat bran were provided; • Free-of-charge seedlings were provided to Tsogttsetsii soum administration and the local residents for their use in various landscaping projects in and around the soum; • The Company hosted a welcoming event on the occasion of the Lunar new year each year to pay respect to senior citizens in the local communities. In 2015, we welcomed over 390 senior citizens from the impacted soums of Tsogtsetsii, Bayan-Ovoo, Khanbogd and Khankhongor; and • During an annual herders’ forum hosted by Umnugobi aimag local government, the Company rewarded the best 15 young herders from all 15 soums of the aimag with commemorative notes and gifts. Sustainable Livelihood Development Program To create additional economic opportunities for affected and resettled herders, the Company is implementing a three-year program that focuses on supporting start-ups and small-and-medium enterprises of local herders. The program was developed based on a comprehensive socio-economic household survey conducted in 2011 among 64 herder households in the UHG project direct impact area. The results of the survey highlighted the possibility of herder households to start a new business or expand their existing enterprises in livestock husbandry and crop farming to improve their livelihood. The Company is collaborating with XacBank to issue interest-free loans to these households to support their business initiatives. Trainings were organized for the participants on topics including business management, marketing, development of cooperatives and intensive livestock farming, based on which they were able to define their business objectives and develop plans. As of the end of 2015, a total of 14 herder households received interest-free business loans from XacBank and loan repayments were made on time. In the reporting period, we continued to provide professional support to the participants through our partnering local Non-Governmental Organisations (“NGOs”) and monitored their business performance. In April 2015, we organized a tripartite project performance assessment meeting in Tsogttsetsii soum, involving the local NGOs, local representatives of XacBank and the project participants. The event served as a platform for us to hear the participants’ opinions and concerns with regard to the project outcome and make further improvements or modifications, if required. 74 Annual Report 2015
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Company Profile Mongolian Mining Co
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Corporate Information BOARD OF DIRE
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