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Location | |
---|---|
Location | Erdenet |
Aimag | Orkhon |
Country | Mongolia |
Coordinates | 49°01′40″N 104°02′40″E / 49.02778°N 104.04444°E |
History | |
Opened | 1974 |
Owner | |
Company | 100% - Government of Mongolia |
Website | http://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]