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Erdenet Mining Corporation

Erdenet Mining Corporation
Erdenet 10.JPG
Location
Erdenet Mine is located in Mongolia
Erdenet Mine
Erdenet Mine
Location in Mongolia
Location Erdenet
Aimag Orkhon
Country Mongolia
Coordinates 49°01′40″N 104°02′40″E / 49.02778°N 104.04444°E / 49.02778; 104.04444Coordinates: 49°01′40″N 104°02′40″E / 49.02778°N 104.04444°E / 49.02778; 104.04444
History
Opened 1974
Owner
Website http://erdenetmc.mn/

Erdenet Mining Corporation (Mongolian: Эрдэнэт үйлдвэр) - mining corporation in Erdenet, Mongolia.

The city was built in 1974 to exploit Asia's largest deposit of copper ore and has the fourth largest copper mine in the world. The "Erdenet Mining Corporation" is a joint Mongolian-Russian venture, and accounts for a majority of Mongolia's hard currency income. Erdenet mines 22.23 million tons of ore per year, producing 126,700 tons of copper and 1954 tons of molybdenum. The mine accounts for 13.5% of Mongolia's GDP and 7% of tax revenue. About 8.000 people are employed in the mine.

The city Erdenet and mill were built by the Soviet technology with the help of Soviet specialists. The discovery of copper ore Erdenetiyn-ovoo has its own history. According to legend, this place earlier in the Chinese miners extracted copper, but during a storm, they were struck by lightning. Since then, the mountain-Erdenetiyn ovoo were considered sacred, they performed various rituals, to the mountain to climb even forbidden to women.

Geological field studies Erdenetiyn ovoo began in the late 1950s. In the years 1958-59 during the geological survey under the guidance of geologists and Batezatu Petrovich in Bulgan aimag Selenginskogo and geologists for the first time examined Erdenetiyn-ovoo, but if this object has been rated as having no practical value.

In the early 1960s Mongolian national geological organization began to actively cooperate with the geological institutions of the European socialist countries, including Czechoslovakia. The first joint Czech-Mongolian Geological Expedition was established in Mongolia in 1962. The activity began to carry out this mission in Bulgan aimag Khubsugul and, in particular on the subject Erdenetiyn-ovoo.

At this time, the expedition worked doctor, professor of geological faculty of the Prague State University M.Kuzhvart, head of the Mongol-Czechoslovak geological expedition in Mongolia M.Krauter engineer-geologist and head of the geological department of the Central Geological Survey of the Council of Ministers of the MPR Dugersuren doctor. Then they agreed to start geological investigations at the site in 1964.

In 1963, Erdenetiyn ovoo within one month of work geological inspection team led by Soviet geologists Agamolyana and Ushakov. Then they made the visual geological map of 1:25000 scale of the object, and passed several pits and trenches. As a result of their work were estimated probable reserves of copper ore in the amount of 150 million tons.

In the same year geological expedition led by geologist Өlzy Mongolian-UTAS conducted geological work is based on the report of the old established manufacturers and the laboratory that there are reserves of copper.


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