In June 2016, our company acquired 49% of “Erdenet Mining Corporation” LLC and “Mongolrestsvetment” LLC from the Russian Federation’s “Rostec” SOE.

51% of the assets are Mongolian state owned. 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.

“Erdenet Mining Corporation”

"Erdenet mining corporation" LLC is the leading copper and molybdenum mining and refining factory of Mongolia.

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"Mongolrostsvetmet" LLC is a fluorspar mining and refining company.

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