Deputy Director for development issues of the Erdenet Mining Corporation P.Enkhbat:

“The Erdenet Mining Corporation, fully achieving its goals planned for the first eight months of 2019, has brought in MNT 688 billion to state and local budgets. In addition, millMAX™ pumps produced in the USA as well as a new line with inert-gas equipment of the WEMCO brand will be put into operation in a short time at the powder enrichment processing factory. As reflected in its general development plan for 2017-2030, the Erdenet Mining Corporation is working to implement five large-scale projects for the duration of 15 years. These include building copper concentrate enrichment and gas metallurgical processing plant, introducing new technologies in the open pit mine and cathode copper plant and re-determine the reserve.

The Erdenet Mining Corporation has been operating as a state-owned enterprise fully owned by Mongolia since the government’s decision dated 21 March 2019 to re-establish the Erdenet Mining Corporation as a state-owned enterprise. Successfully fulfilling its performance plan, the Erdenet Mining Corporation has earned MNT 688 billion to state and local budgets through sales totaling MNT 1 trillion 341 billion, as of August 31 this year.