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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 [30] [31] The tax was repealed in 2009 and phased out over the next two years.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]
Mongolian Prime Minister Oyun-Erdene Luvsannamsrai speaks during a ceremony marking the production commencement of the underground portion of the Oyu Tolgoi copper-gold mine, jointly owned by Rio ...
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
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.
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]
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
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 ...
They said the money came from a $68 million mining contract awarded to Hong Kong-registered Catrison Limited in 2011 to buy copper concentrates from the Erdenet copper mine in Mongolia, one of the ...