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As of 2010, the estimated cost of bringing the Oyu Tolgoi mine into production was US$4.6 billion, [12] making it (financially) the largest project in Mongolian history; [13] however, by 2013 costs had ballooned to $10 billion, which caused some concern for the Government of Mongolia, which borrows its 34 per cent share of investment from ...
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.
Coal, copper, and gold are the principal reserves mined in Mongolia. Several gold mines are located about 110 kilometres (68 mi) north of Ulaanbaatar, such as Boroo Gold Mine and Gatsuurt Gold Mine. Khotgor Coal Mine is an open-pit coal mining site about 120 kilometres (75 mi) west of Ulaangom.
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 gold through the end of 2010. The Boroo mine was the first hard-rock gold mine established in Mongolia and the largest foreign investment in the country at the time it began ...
Alexander von Humboldt calculated that the gold production of the whole of Russia accelerated between 1823 and 1838, thanks to the mines of the Altai, with an average of 15.2 tons of gold per year. [6] In 1836, 293 golden poods (one pood is equal to about 16 kilograms) came from the Urals and 104 poods from the Altai.
A Mongolian ninja miner, panning for gold. Ninja miner is a nickname for a person who digs small unauthorized mines or pans dirt for gold in Mongolia. [1] The miners are so named because the green bowls they use for panning, when carried on their backs, are said to resemble the shells of the Teenage Mutant Ninja Turtles.
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