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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 Oyu Tolgoi mining project is the largest financial undertaking in Mongolia's history and is expected upon completion to produce 450,000 tonnes (500,000 short tons) of copper annually. Financing for the project has come in part from the Rio Tinto Group and an investment agreement between Ivanhoe Mines and the government of Mongolia.
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 ...
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 ]
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 Nariin Sukhait or Ovoot Tolgoi mining complex (Mongolian: Нарийн Сухайт / Овоот Толгой) is located in the Gurvan tes sum (district) of Ömnögovi Province in Southern Mongolia. The site is 25 km SE from sum center and 56 km north of Shivee Khüren - Ceke crossing point on the Mongolian-Chinese border. Three companies ...
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]
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 ...