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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 ...
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.
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] The Erdenet Mining Corporation is one of the Mongolian state-owned ...
Copper mining in Mongolia 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 Government of Mongolia. Until 2010 ...
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The mine is said to account for more than 30% of Mongolia's GDP upon completion. 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 to 46.6%.
Website. Official Website. 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. [2]
Parent department. Ministry of Mining and Heavy Industry of Mongolia. 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.
The Erdenet Mining Corporation is a joint Mongolian-Russian venture, and accounts for a majority of Mongolia's hard currency income. Erdenet mines 22.23 million tons of ore per year, producing 126,700 tons of copper and 1,954 tons of molybdenum. [3] The mine accounts for 13.5% of Mongolia's GDP and 7% of tax revenue. [4]
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.