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Mining in Mongolia. Mongolia's copper and gold production rates from 2007 through 2011. Mining is important to the national economy of Mongolia. Mongolia is one of the 29 resource-rich developing countries identified by the International Monetary Fund [1] and exploration of copper and coal deposits are generating substantial additional revenue.
Website. www.ot.mn. The Oyu Tolgoi mine, also Oyuutolgoi ( Mongolian: Оюутолгой, pronounced [ɔˌjʊˑtʰɔɮˈɢœˑ]; lit. "Turquoise Hill"), is a combined open pit and underground mining project in Khanbogd sum within the south Gobi Desert, approximately 235 kilometres (146 mi) east of the Ömnögovi Province capital Dalanzadgad.
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.
It is owned and mined by the Mongolian Mining Corporation (formerly Energy Resources LLC); they were granted a mining license in August 2006, and began mining in April 2009. MMC has contracted Leighton Asia to conduct mining operations at the site.
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Federal prosecutors on Tuesday sued to seize two New York City apartments worth $14 million that were allegedly bought with proceeds from a corrupt scheme involving Mongolia’s huge copper mine ...
Erdenet Mining Corporation (Mongolian: Эрдэнэт үйлдвэр English: Precious factory) is a mining corporation in Erdenet, Mongolia. The city was built in 1974 to exploit Asia's largest deposit of copper ore and is the fourth largest copper mine in the world.
Mining is the principal industrial activity in Mongolia, making up 30% of all Mongolian industry. Another important industry is the production of cashmere. Mongolia is the world's second largest producer of cashmere, with the main company, Gobi Cashmere, accounting for 21% of world cashmere production as of 2006.
The Mineral Resources Authority of Mongolia (MRAM) is an agency of the Government of Mongolia which is responsible for the mining and mineral industry of Mongolia. The mining industry accounts for 89% of Mongolia's exports and over 20% of the country's gross domestic product.
Gatsuurt Gold Mine is a planned open-pit gold mining site in Mongolia located about 110 kilometers (70 mi) north of the capital Ulaanbaatar in Mandal sum (district) of Selenge Province in northern Mongolia. Gatsuurt gold mine is 35 kilometers east of Boroo Gold Mine .