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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.
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.
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.
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 .
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 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.
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.
The Tömörtiin Ovoo Zinc Mine (Mongolian: Төмөртийн овоо, heap of iron) is a mining and dressing plant in the Sükhbaatar sum (district) of Sükhbaatar Province in eastern Mongolia. This mine is 40 km W from the sum center and 13 km N from the province capital Baruun-Urt.