As a part of its corporate social responsibility, Boroo Gold Company has been supporting sustainable development in the local communities. Since the company was founded, the company’s benefit to Mongolia is 1.2 trillion tugrugs, including 11.4 billion to the local community. The company invested 4.5 billion tugrugs in Mandal soum, 4.1 billion in Bayangol soum and 2.8 billion in Selenge aimag for projects and programs to support local socio-economic development.
In Bayangol soum
Boroo Gold Company concluded the Cooperation Agreement with Bayangol soum of Selenge aimag on May 7, 2019. Within the scope of the Agreement, the company will provide funding each year with the purpose to support soum infrastructure development, social welfare services and small and medium enterprises.
The Cooperation Agreement is effective for five years, and projects and programs worth 100 million tugrugs will be implemented each year including 40 million as investment and up to 60 million to ensure local sustainable development.
In Mandal soum
Boroo Gold Company concluded the first Cooperation Agreement with Mandal soum of Selenge aimag on July 4, 2018. The second Agreement was made in March 2019 for the term of 5 years. This Agreement is a document defining principles, terms and conditions of the future cooperation of the Parties, and the Company agreed to provide funding of 100 million tugrugs per year with the purpose to support local infrastructure development, social welfare services and small and medium enterprises.
Within the scope of the first Cooperation Agreement, the Company invested in construction of paved road from the polytechnic college crossroads to the Governor’s Office building in Zuunkharaa.