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1995 - MAK founded Bumbat LLC, a Mongolian-Canadian joint venture, and became the fourth-largest gold producer in Mongolia 2000 - MAK diversified its business by starting thermal coal production 2002 - Qinghua-MAK Naryn Sukhait LLC , the first Mongolian-Chinese joint venture in the mining sector, was established
In 2000, Erel was the second largest gold mining company in Mongolia after Mongol Gazar, with a 1364 kg yearly output, amounting to 12.9% of the national production. [1]
The list does not currently include information about companies which were delisted prior to 12 September 2007. [1] The Mongolian Stock Exchange, based in Ulaanbaatar, Mongolia, is the world's smallest stock exchange by market capitalisation. [2] [3] Its listed companies market capitalization was around US$1 billion in 2010 for 336 listed ...
Centerra Gold Inc. is a Canadian mining company that owns and operates the Mount Milligan copper-gold mine in British Columbia, Canada, and the Öksüt gold mine in Turkey. Through its Thompson Creek Metals subsidiary company, it also owns the Endako and Thompson Creek molybdenum mines in British Columbia and Idaho, respectively, though they ...
In 2006 Mongolia implemented a 68% windfall tax, which was the world's highest. The tax was based on profits made by mining companies on copper and gold sales above $2,600 per ton and $850 per ounce respectively. [32] [33] The tax was repealed in 2009 and phased out over the next two years. [34]
The mine is being developed by Erdene Resource Development. They secured the mining license to explore the mine from the Mineral Resource and Petroleum Authority of Mongolia in August 2019. [1] The bankable feasibility study was completed in July 2020 and an updated feasibility study was completed in July 2023. [2]
This list of mines in Mongolia is subsidiary to the list of mines article and lists working, defunct and future mines in the country and is organised by the primary mineral output. For practical purposes stone, marble and other quarries may be included in this list.
Boroo Gold Mine is an open-pit gold mining site in Bayangol and Mandal sums (districts) of Selenge Province in northern Mongolia. Gatsuurt Gold Mine is 35 E from Boroo Gold Mine. Boroo was owned by the Canadian mining company, Centerra Gold Inc. It began commercial production in March 2004 and produced more than 1.5 million ounces (46 tons) of ...