Erdenet Mining Corporation

Erdenet Mining Corporation
Location
Erdenet Mine is located in Mongolia
Erdenet Mine
Erdenet Mine
Location in Mongolia
LocationErdenet
AimagOrkhon
CountryMongolia
Coordinates49°01′40″N 104°02′40″E / 49.02778°N 104.04444°E / 49.02778; 104.04444
History
Opened1974
Owner
Company100% - Government of Mongolia
Websitehttp://erdenetmc.mn/

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 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 mine employs about 8,000 people.[4]

  1. ^ "ГОК «Эрдэнэт»: история и перспективы развития". mining-media.ru. Retrieved 2023-07-26.
  2. ^ Montsame News Agency. Mongolia. 2006, Foreign Service Office of Montsame News Agency, ISBN 99929-0-627-8, p. 80
  3. ^ Montsame News Agency. Mongolia. 2006, Foreign Service Office of Montsame News Agency, ISBN 99929-0-627-8, p. 83
  4. ^ Michael Kohn: Mongolia, p. 143, London 2008