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As of 2010, the estimated cost of bringing the Oyu Tolgoi mine into production was US$4.6 billion, making it (financially) the largest project in Mongolian history; however, by 2013 costs had increased to $10 billion.
As of 2010, the estimated cost of bringing the Oyu Tolgoi mine into production was US$4.6 billion, making it (financially) the largest project in Mongolian history; however, by 2013 costs had ballooned to $10 billion, which caused some concern for the Government of Mongolia, which borrows its 34 percent share of investment from foreign ...
As of 2010, the estimated cost of bringing the Oyu Tolgoi mine into production was US$4.6 billion, making it (financially) the largest project in Mongolian history; however, by 2013 costs had increased to $10 billion. When in production Oyu Tolgoi will account for more than 30% of Mongolia's GDP.
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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. [1]
Recently, the Mongolian economy has grown at a fast pace due to an increase in mining and Mongolia attained a GDP growth rate of 11.7% in 2013. However, because much of this growth is export-based, Mongolia is suffering from the global slowdown in mining caused by decreased growth in China.
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.
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 .
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.
The Khushuut Coal Mine (Mongolian: Хөшөөт) is a coal mine located in the Darvi sum in the Khovd aimag of western Mongolia. The mine has coal reserves amounting to 460 million tonnes of coking coal , one of the largest coal reserves in Asia and the world.