Ulaanbaatar
Erdenet Mining Corporation to establish a metallurgy-chemical plant complex
Economy
Ulaanbaatar /MONTSAME/. A metallurgy-chemical plant complex
will be established in Bayan-Undur soum, Orkhon aimag. The operation permit for
the industrial and technology park was given to Erdenet Mining Corporation at
the cabinet meeting that took place on May 5.
Erdenet Mining Corporation will be establishing a factory
for smelting and processing copper concentrate, processing oxidized ore, and
manufacturing sulfuric acid and emulsion explosion as well as repairs and
mechanical processes with financing of MNT 1.8 trillion.
By putting the industrial park into operation, it will
become possible for:
- ‘Erdenetiin Ovoo’ strategic deposit to be fully utilized
and put into economic circulation,
- the competitive factory to be developed as a cluster based
on advanced technology,
- final products to be manufactured and supplied to the
market,
- the conditions to be created for other corresponding
factories to be established at the same location,
- Erdenet city to develop independently,
- state and local budget income to increase,
- about 1,000 job opportunities to be created locally as
starters.
