Search results
Results from the WOW.Com Content Network
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 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. [30] [31] The tax was repealed in 2009 and phased out over the next two years. [32]
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]
Oyun-Erdene: The Orano agreement is very important because Mongolia’s economy is based on our mining sector. The negotiation process with the French government took more than 10 years.
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.
Nevertheless, at the insistence of the Comintern representative, Soviet-Kazakhstan political figure T. R. Ryskulov, who previously had no connection to Mongolia, the city was named Ulan Bator Khoto ("City of the Red Hero"). [citation needed] After the vote, he gave a speech: Genghis Khan was a national hero, but he was a conqueror.
Gatsuurt Gold Mine is a planned open-pit gold mining site in Mandal sum (district) of Selenge Province, Mongolia. Gatsuurt gold mine is 35 kilometers east of Boroo Gold Mine . History
NEW YORK (Reuters) -The U.S. is seeking to forfeit two New York City apartments bought by a former Mongolian prime minister with stolen mining funds, prosecutors said on Tuesday, as U.S. officials ...