In June 2016, Mongolian Copper Corporation has acquired 49% of “Mongolrostsvetmet” LLC (“Monros”) from the Russian Federation’s “Rostec.”
Remaining 51% of Monros is being owned by Mongolian state. In order to increase public-private sector co-operation and efficiency our representative on the Board of Directors for these assets are focused in creating investment plans and procurement policies that establish good corporate governance and best practice, while decreasing production costs and increasing profitability.
Mongolrostsvetmet LLC is a leading fluorspar mining and production company in Mongolia which ranks 4th in the world after China, Mexico and South Africa. We produce both acid & metallurgical grade fluorspar concentrates. Mongolrostsvetmet LLC has the fluorspar industry’s strongest balance sheet facilitating us to take advantage of prompt exploration and development of new fluorspar opportunities. We are also gold producing and shortly iron ore mining & processing company. Mongolrostsvetmet LLC has a successful track record of geological exploration having more than 40 licensed fields across the country.
Visit MONROS's website HERE.