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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. [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. [28]
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.
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 ...
The Erdenet Mining Corporation is one of the Mongolian state-owned enterprises and accounts for a majority of Mongolia's hard currency income. Erdenet mines 22.23 million tons of ore a year, producing 126,700 tons of copper and 1954 tons of molybdenum. [2] The mine accounts for 13.5% of Mongolia's GDP and 7% of its tax revenue. [3]
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's gross domestic product. [1]
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]
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 ...