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Coal, copper, and gold are the principal reserves mined in Mongolia. Several gold mines are located about 110 kilometres (68 mi) north of Ulaanbaatar, such as Boroo Gold Mine and Gatsuurt Gold Mine. Khotgor Coal Mine is an open-pit coal mining site about 120 kilometres (75 mi) west of Ulaangom. Ömnögovi Province in the south of Mongolia is ...
The mine is said to account for more than 30% of Mongolia's GDP upon completion. [11] In early 2010 global mining company Rio Tinto owned 22.4% of Oyu Tolgoi owner Ivanhoe Mines (now Turquoise Hill Resources), and gave both technical assistance and financial support to the project. At the time Rio Tinto had the option of increasing their stake ...
The Erdenet Mining Corporation is one of the Mongolian state-owned enterprises and accounts for a majority of Mongolia's hard currency income. Erdenet mines 22.23 million tons of ore a year, producing 126,700 tons of copper and 1954 tons of molybdenum. [2] The mine accounts for 13.5% of Mongolia's GDP and 7% of its tax revenue. [3]
Mongolian Mining Corporation (MMC) is a Mongolian coking coal producer listed in the Hong Kong Stock Exchange. It is the largest coal mining company in Mongolia, owning two coal mines located in the Gobi Desert , namely the Ukhaa Khudag mine and the Baruu Naran mine.
Brands. MAK Euro Block, MAK Euro Cement, MAK Euro Windoor, MAK Euro Venti. Number of employees. 3,000+. Mongolyn Alt (MAK) LLC is a conglomerate in Mongolia that is involved in gold, coal, and copper mining. It was founded by Nyamtaishir Byambaa in 1993 and is privately owned.
Copper mining in Mongolia. In Mongolia, copper mining is a major industry and source of income for the country. There are only two companies that produce copper concentrate, Erdenet Mining Corporation, a Mongolian-Russian joint venture, and the Oyu Tolgoi mine, a joint venture between Rio Tinto Group, Turquoise Hill Resources, and the ...
Tavan Tolgoi. Tavan Tolgoi (Mongolian: Таван толгой, also Tavantolgoi, Tavantolgoy, "Five Hill") is one of the world's largest untapped coking and thermal coal deposits, located in the Ömnögovi Province in southern Mongolia. [1] It has a total estimated resource of 6.4 billion tonnes, one quarter of which is high quality coking coal.
EREL LLC is a Mongolian company headquartered in Ulaanbaatar, active in mining and construction, established in 1989. Founder and current president is Badarchiin Erdenebat, also founder of the Motherland Party. Construction activities began in 1994. The company has 1,200 employees in more than 10 companies in industries ranging from geological ...