Erdenet Mining Corporation

Company Description

Erdenet Mining Corporation is one of the biggest Ore mining and Ore processing factory in Asia. Erdenet Mining Corporation (EMC or Erdenet) was established in accordance with an agreement betErdenet Mining Corporationen governments of Mongolia and (former) Soviet Union. It started its operation in 1978. The main mineral deposit, extracted by the Corporation was the Erdenetiin-Ovoo area which locates 400 kilometers northwest from Ulaanbaatar, 180 kilometers east from Darkhan city, 60 kilometers northern from Center of Bulgan aimag and 140 kilometers from Russian …. The Erdenet is connected with East-Siberian railway network via Naushki station and to the Chinese railway network through Erlyan (Chinese border). EMC has established promising collaborations with leading mining experts from Phelps Dodge, Inc.; Outokumpu Oyj, Finland; Bateman Engineering Ltd., Australia; Pacific Ore Technology Ltd., Australia; Brook Hunt & Associates Ltd., UK; KDEngineering, USA; Samsung Corp., South Korea and the world&＃039;s other mining leaders. Erdenet mining corporation (emc or erdenet) was established in accordance with an agreement between governments of mongolia and (former) soviet union. It started its operation in 1978. The main mineral deposit, extracted by the corporation was the erdenetiin-ovoo area which locates 400 kilometers northwest from ulaanbaatar, the capital city of mongolia. Corporation&＃039;s operation includes prospecting, mining, mineral processing and sales. It has a modern technology and telecommunication network and high qualified staff. Emc is a mongolian-russian joint venture, 51% of shares is owned by the state property committee of mongolian government and 49% of shares is owned by the russian government. Both shareholders has an equal representatives in the 14-member board of directors, charged with overall responsibility for the strategic decisions of the corporation. EMC is a Mongolian-Russian joint venture, 51% of shares is owned by the State Property Committee of Mongolian Government and 49% of shares is owned by the Russian Government. At present it is a fairly large complex processing 25 million tons of ore per year and producing over 530.0 thousand tons of copper concentrate and 3.0 thousand tons of molybdenum concentrates annually.