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Its mining operations are a joint venture of Rio Tinto (a UK-based mining transnational), Ivanhoe Mines of Canada and the Mongolian government. [12] As of 2010, the estimated cost of bringing the Oyu Tolgoi mine into production was US$4.6 billion, [ 13 ] making it (financially) the largest project in Mongolian history; [ 14 ] however, by 2013 ...
The Oyu Tolgoi mine is in the South Gobi Desert of Mongolia, 80 kilometres (50 mi) north of Mongolia's border with the People's Republic of China, where the mined copper is expected to be shipped. [4] Oyu Tolgoi deposits contain an estimated 2.7 million tonnes of copper and 1.7 million ounces (48,000 kg) of gold. [6]
Mining is the principal industrial activity in Mongolia, making up 30% of all Mongolian industry. [27] 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.
Its mining operations are a joint venture of Rio Tinto (a UK-based mining transnational), Turquoise Hill and the Mongolian government. [8] As of 2010, the estimated cost of bringing the Oyu Tolgoi mine into production was US$4.6 billion, [ 9 ] making it (financially) the largest project in Mongolian history; [ 10 ] however, by 2013 costs had ...
Mineral Resource Authority of Mongolia. The Mineral Resources Authority of Mongolia (MRAM; Mongolian: Ашигт малтмалын газрын) 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 ...
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.
The commercial mining operation of the mine started in April 2009. Architecture. The mine is equipped with 18 MW on-site Ukhaa Khudag Power Plant and water supply network. Geology. The mine spans around 2,960 hectares of area. As of 1 January 2020, it has 305 Mt of ROM coal reserves. See also. Mining in Mongolia; References
Asgat mine. The Asgat mine is one of the largest silver mines in Mongolia and in the world. [1] Asgat Mine sits on the Yustid Ore Cluster [2] in Nogoonnuur District, Bayan-Ölgii Province [1] The mine has estimated reserves of 2,247 tons silver. [1] In addition, the mine is estimated to contain 4,229 tons of Arsenic, 2,092 tons of Zinc, and 8.9 ...