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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
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 companies. Number of companies is continuing to decline.
Hunnu Air is backed by the mining company Mongolyn Alt MAK LLC and the Bodi Group. The airline was launched as Mongolian Airlines on 2 December 2011 following the acquisition of Monnis Air Services and its fleet of Antonov An-2 single-engine biplane aircraft. Confusion soon arose over the name and its similarity to that of MIAT Mongolian ...
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The Nariin Sukhait or Ovoot Tolgoi mining complex (Mongolian: Нарийн Сухайт / Овоот Толгой) is located in the Gurvan tes sum (district) of Ömnögovi Province in Southern Mongolia. The site is 25 km SE from sum center and 56 km north of Shivee Khüren - Ceke crossing point on the Mongolian-Chinese border.
Mongolyn Alt Corporation (MAK) The Aduunchuluun Coal Mine , also written as "Aduun Chuluun" coal mine ( Mongolian : Адуун чулуун , horses' rock ) is a coal mine located next to Choibalsan city in Dornod aimag of eastern Mongolia .
[63] [64] Major Mongolian companies include MCS Group, Gatsuurt LLC, Genco, MAK, Altai Trading, Tavan Bogd Group, Mobicom Corporation, Bodi, Shunkhlai, Monnis and Petrovis. While not on the level of multinational corporations, most of these companies are multi-sector conglomerates with far-reaching influence in the country.
Location of Mongolia. Mongolia is a landlocked unitary sovereign state in East Asia.Economic activity in Mongolia has traditionally been based on herding and agriculture, although development of extensive mineral deposits of copper, coal, molybdenum, tin, tungsten, and gold have emerged as a driver of industrial production. [1]