According to the report introduced in November 2014 by Mineral Resource Authority, 919 companies own 2751 exploration and exploitation licenses.
Some companies own 20-30 licenses while some of them are 100% foreign invested or joint ventures. The graphic below shows ten companies which own most number of exploitation licenses.
ALTANDORNOD - 30
The company has established in 1995 and started its mining from Bayangol deposit located in Burenhangai soum, Bulgan aimag. Currently, Altandornod Mongol LLC founded by the Sergei Paushok who included in the World`s Billionaires List by Forbes, has 30 exploitation licenses.
It has total of 10,248 hectares of operational area in Tuv, Bulgan, Arhangai and Uvurhangai aimags. The major gold deposits are located in Tsenher Soum, Arhangai aimag and Zaamar soum of Tuv aimag. Altandornod Mongol LLC is 100 percent Russian invested company.
MONGOLROSTSEVTMENT - 29
"Mongolrostsvetmet" LLC is established in 1973 by an Agreement between Mongolian and Russian Governments.
Operational main areas of "Mongolrostsvetmet" LLC is to export fluorspar and its Mineral processing plant Bor-Undur has successfully operating since 1983.
Fluorspar is the main raw materials of metallurgical industry and "Mongolrostsvetmet" LLC provided raw materials to the biggest metallurgical industry in Russia for 30 years. The company which has 42 years experience has following deposits:
- 14 Fluor deposits
- 7 gold deposits,
- 2 mixed metals deposits,
- 2 silver deposits,
- 1 coal, 1 wolfram and 1 iron deposits
"Mongolrostsvetmet" LLC owns total of 3,859 hectares of operational area in Bayan-Ulgii, Dornogobi, Hentii, Bulgan, Bayanhongor, Dundgovi, Tuv and Uvs aimags. "Mongolrostsvetmet" LLC is Mongolia-Russian joint venture.
МONGOLYN ALT - 25
The company has founded in 1993 by Mongolian citizens B.Nyamtaishir and his son MP N.Nomtoibayar.
The first placer gold mine started the operation in Ikh Galt alluvial deposit of Zaamar soum (sub-province), Tuv aimag (province).
First coal mine opened at the Alagtolgoi property in Dalanjargalan soum, Dornogovi aimag. Currently, it owns 13 coal mining licenses in cooperation with its daughter company.
Even Mongolyn Alt Corporation is operating in many sectors including cement production and tourism, their major operation is coal export. Nariin Suhait located in Gurvan Tes soum, Umnugobi aimag is the main deposit of Mongolyn Alt Corporation.
More than 5 million tons of coal have explored from Nariin Suhait deposit during 2010-2012 which ranks first in Mongolia. Mongolyn Alt Corporation is 100 percent Mongolia invested company.
GATSUURT - 17
Gatsuurt LLC is an open-fit gold mining site in Mongolia and founded in early 1990.
Gatsuurt LLC started its operation in geology and mining sectors.
Currently Gatsuurt LLC is operating in many sectors including agriculture, farm, tourism and construction. It own 15 gold deposits in Selenge, Darhan-Uul, Uvurhangai, Arhangai and Bayanhongor aimags and one limestone deposits in both Darhan and Ulaanbaatar cities.
It has total of 9339 hectares of operational area and owns exploration lincense in Gurvanbulag soum, Bayanhongor aimag.
CENTERRA GOLD - 15
Centerra Gold Inc. is a gold mining company headquartered in Toronto, Ontario, Canada.
Centerra owns 14 gold mining licenses of Boroo Gold LLC and Centarra Gold Mongolia.
Centerra established Stability Agreement with the Government of Mongolia in 2004 and explored 46 tons of gold for seven years. Gold exploration of Boroo Gold increased GDP by 6%. However, many researchers believe the contract was unprofitable for Mongolians.
The next project of Centerra Gold is Gatsuurt deposit located nearby Noyon mountain. Gatsuurt deposit has a total estimated resource of 28 million tons of ore and 76 tons of gold.
Except 14 gold mining licenses, Centerra owns limestone deposits in Darhan-Uul aimag.
Moreover, it has four exploration licenses in 37302 hectares of land located in Tsagaan-Ovoo soum, Dornod aimag.
DATSANTRADE - 11
Previously, the company owned 52 licenses. Currently it owns 11 licenses. D.Bayanbat serves as CEO of Datsantrade but the original owner of the company is still uncertain.
It has total of 1050 hectares of land for 9 gold deposits and 2 coal deposits in Uvs and Hentii aimags. Datsantrade is 100 percent Mongolian invested.
GOBI COAL AND ENERGY - 9
It owns two major cocking coal deposit located in boundaries of Gobi-Altai and Bayanhongor aimags. Shinejinst and Zeegt coal deposits have a total estimated resource of 95 million tonnes.
Gobi Coal and Energy owns nine mining licenses and 6797 hectares of land. Plus they own five exploration licenses in Shinejist soum, Bayanhongor aimag. 100 percent
EREL - 9
Erel JSC founded by the former MP D.Erdenebat has nine mining licenses. The main operation of the Erel Group is cement production and limestone.
It has total of 675 hectares of operational area in Drhan-Uul, Gobisumber, Tuv, Ulaanbaatar and Dornogbi aimags. Moeover they have gypsum deposit in Dornogobi aimag, gold deposit in Huvsgul aimag and exploration license in 5122 hectares of land located in Bulgan soum, Hovd aimag. Erel JSC is 100 Mongolian invested.
MONGOLIAN ENERGY CORP LTD - 8
Mongolian Energy Corp Ltd is known as the owner of Hushuut deposit. Mongolian Energy Corp Ltd is 100 percent foreign invested.
Share of Mongolian Energy Corporation was HKD 12.28 in 2011 and due to drop of prices for coal in world`s market, share of Mongolian Energy Corporation reach HKD 0.23 today. Hushuut coal deposit has a total estimated resource of 141 million tonnes.
The Country Director of MoEnCo Mr. Dolan said that MNT 715 billion invested to the Hushuut deposit.
MoEnCo owns eight mining license and 2203 hectares of area in Darvi and Uyench soums of Hovd aimag.
ERDENES TAVAN TOLGOI - 8
Erdenes Tavan Tolgoi JSC has founded in 2010 and was obliged to operate in strategically significant Tavan Tolgoi coal deposit.
Tavan Tolgoi coal deposit has a total estimated resource of 6 billion tonnes, one quarter of which is high quality coking coal and 4.6 of which is energy coal.
1 million tons of coal exported through Gashuun Sukhait border crossing in 2011 and 2.4 million tons of coal exported in 2.4.
Erdenes Tavan Tolgoi JSC owns total of 68.471 hectares of operational area and eigh licenses. Erdenes Tavan Tolgoi JSC is 100 percent government owned company.
According to the report introduced in November 2014 by Mineral Resource Authority, 919 companies own 2751 exploration and exploitation licenses.
Some companies own 20-30 licenses while some of them are 100% foreign invested or joint ventures. The graphic below shows ten companies which own most number of exploitation licenses.
ALTANDORNOD - 30
The company has established in 1995 and started its mining from Bayangol deposit located in Burenhangai soum, Bulgan aimag. Currently, Altandornod Mongol LLC founded by the Sergei Paushok who included in the World`s Billionaires List by Forbes, has 30 exploitation licenses.
It has total of 10,248 hectares of operational area in Tuv, Bulgan, Arhangai and Uvurhangai aimags. The major gold deposits are located in Tsenher Soum, Arhangai aimag and Zaamar soum of Tuv aimag. Altandornod Mongol LLC is 100 percent Russian invested company.
MONGOLROSTSEVTMENT - 29
"Mongolrostsvetmet" LLC is established in 1973 by an Agreement between Mongolian and Russian Governments.
Operational main areas of "Mongolrostsvetmet" LLC is to export fluorspar and its Mineral processing plant Bor-Undur has successfully operating since 1983.
Fluorspar is the main raw materials of metallurgical industry and "Mongolrostsvetmet" LLC provided raw materials to the biggest metallurgical industry in Russia for 30 years. The company which has 42 years experience has following deposits:
- 14 Fluor deposits
- 7 gold deposits,
- 2 mixed metals deposits,
- 2 silver deposits,
- 1 coal, 1 wolfram and 1 iron deposits
"Mongolrostsvetmet" LLC owns total of 3,859 hectares of operational area in Bayan-Ulgii, Dornogobi, Hentii, Bulgan, Bayanhongor, Dundgovi, Tuv and Uvs aimags. "Mongolrostsvetmet" LLC is Mongolia-Russian joint venture.
МONGOLYN ALT - 25
The company has founded in 1993 by Mongolian citizens B.Nyamtaishir and his son MP N.Nomtoibayar.
The first placer gold mine started the operation in Ikh Galt alluvial deposit of Zaamar soum (sub-province), Tuv aimag (province).
First coal mine opened at the Alagtolgoi property in Dalanjargalan soum, Dornogovi aimag. Currently, it owns 13 coal mining licenses in cooperation with its daughter company.
Even Mongolyn Alt Corporation is operating in many sectors including cement production and tourism, their major operation is coal export. Nariin Suhait located in Gurvan Tes soum, Umnugobi aimag is the main deposit of Mongolyn Alt Corporation.
More than 5 million tons of coal have explored from Nariin Suhait deposit during 2010-2012 which ranks first in Mongolia. Mongolyn Alt Corporation is 100 percent Mongolia invested company.
GATSUURT - 17
Gatsuurt LLC is an open-fit gold mining site in Mongolia and founded in early 1990.
Gatsuurt LLC started its operation in geology and mining sectors.
Currently Gatsuurt LLC is operating in many sectors including agriculture, farm, tourism and construction. It own 15 gold deposits in Selenge, Darhan-Uul, Uvurhangai, Arhangai and Bayanhongor aimags and one limestone deposits in both Darhan and Ulaanbaatar cities.
It has total of 9339 hectares of operational area and owns exploration lincense in Gurvanbulag soum, Bayanhongor aimag.
CENTERRA GOLD - 15
Centerra Gold Inc. is a gold mining company headquartered in Toronto, Ontario, Canada.
Centerra owns 14 gold mining licenses of Boroo Gold LLC and Centarra Gold Mongolia.
Centerra established Stability Agreement with the Government of Mongolia in 2004 and explored 46 tons of gold for seven years. Gold exploration of Boroo Gold increased GDP by 6%. However, many researchers believe the contract was unprofitable for Mongolians.
The next project of Centerra Gold is Gatsuurt deposit located nearby Noyon mountain. Gatsuurt deposit has a total estimated resource of 28 million tons of ore and 76 tons of gold.
Except 14 gold mining licenses, Centerra owns limestone deposits in Darhan-Uul aimag.
Moreover, it has four exploration licenses in 37302 hectares of land located in Tsagaan-Ovoo soum, Dornod aimag.
DATSANTRADE - 11
Previously, the company owned 52 licenses. Currently it owns 11 licenses. D.Bayanbat serves as CEO of Datsantrade but the original owner of the company is still uncertain.
It has total of 1050 hectares of land for 9 gold deposits and 2 coal deposits in Uvs and Hentii aimags. Datsantrade is 100 percent Mongolian invested.
GOBI COAL AND ENERGY - 9
It owns two major cocking coal deposit located in boundaries of Gobi-Altai and Bayanhongor aimags. Shinejinst and Zeegt coal deposits have a total estimated resource of 95 million tonnes.
Gobi Coal and Energy owns nine mining licenses and 6797 hectares of land. Plus they own five exploration licenses in Shinejist soum, Bayanhongor aimag. 100 percent
EREL - 9
Erel JSC founded by the former MP D.Erdenebat has nine mining licenses. The main operation of the Erel Group is cement production and limestone.
It has total of 675 hectares of operational area in Drhan-Uul, Gobisumber, Tuv, Ulaanbaatar and Dornogbi aimags. Moeover they have gypsum deposit in Dornogobi aimag, gold deposit in Huvsgul aimag and exploration license in 5122 hectares of land located in Bulgan soum, Hovd aimag. Erel JSC is 100 Mongolian invested.
MONGOLIAN ENERGY CORP LTD - 8
Mongolian Energy Corp Ltd is known as the owner of Hushuut deposit. Mongolian Energy Corp Ltd is 100 percent foreign invested.
Share of Mongolian Energy Corporation was HKD 12.28 in 2011 and due to drop of prices for coal in world`s market, share of Mongolian Energy Corporation reach HKD 0.23 today. Hushuut coal deposit has a total estimated resource of 141 million tonnes.
The Country Director of MoEnCo Mr. Dolan said that MNT 715 billion invested to the Hushuut deposit.
MoEnCo owns eight mining license and 2203 hectares of area in Darvi and Uyench soums of Hovd aimag.
ERDENES TAVAN TOLGOI - 8
Erdenes Tavan Tolgoi JSC has founded in 2010 and was obliged to operate in strategically significant Tavan Tolgoi coal deposit.
Tavan Tolgoi coal deposit has a total estimated resource of 6 billion tonnes, one quarter of which is high quality coking coal and 4.6 of which is energy coal.
1 million tons of coal exported through Gashuun Sukhait border crossing in 2011 and 2.4 million tons of coal exported in 2.4.
Erdenes Tavan Tolgoi JSC owns total of 68.471 hectares of operational area and eigh licenses. Erdenes Tavan Tolgoi JSC is 100 percent government owned company.