Minister of Industry D.Erdenebat reported that copper-processing plant based on Tsagaan Suvarga and Oyu Tolgoi is going to be established in Bor-Undur region. He informed about the plant, as several MPs were delivering the response of the inquiry addressed to PM about intensifying works to establish copper processing plant.
Oil refinery with the capacity of processing 300 thousand tons of oil per year will be also established in Eastern region.
With the establishment of copper purifying and smelting plant, it will generate 23% profit margin. Also, the feasibility study suggests that the project is going to reach the breakeven within first 9 years.
The discussion to establish a copper smelter has been underway for over 30 years, and various researches and feasibility studies have been done. The government is making efforts lately in order to intensify works to establish the smelter within the implementation of state policies and guidelines on the industry. The copper smelter project is considered to take the short period of time.
· The copper smelter to generate 23% profit margin
· Investors greatly interested in financing the project
· The copper smelter to use 8000 cube meter of water a day
· Breakeven within 9 years
International investors are eager to get involved in the project, as local investors are interested in financing establishment of sub-plants. Also, a copper cathode to be generated from the smelter can be used as base materials for producing electronic products.
The smelter is estimated to reuse 8000 cube meter of water a day, which is used by spar processing plant.
In addition, Minister of Mining R.Jigjid delivered information regarding the implementation of the law on oil.
Oil refinery set to be established according to the parliament resolution. Namely, oil refinery with the capacity of processing 300 thousand tons of crude oil per year will be constructed. As of today, research works are underway, as the project is expected to commence in upcoming spring of next year. Pre-feasibility study of oil refinery to be constructed in Gobi region also has been finalized. Despite 15 projects of oil refinery initiated and developed, none of them have been finally materialized.
B.Davaatogtokh, Century News
Minister of Industry D.Erdenebat reported that copper-processing plant based on Tsagaan Suvarga and Oyu Tolgoi is going to be established in Bor-Undur region. He informed about the plant, as several MPs were delivering the response of the inquiry addressed to PM about intensifying works to establish copper processing plant.
Oil refinery with the capacity of processing 300 thousand tons of oil per year will be also established in Eastern region.
With the establishment of copper purifying and smelting plant, it will generate 23% profit margin. Also, the feasibility study suggests that the project is going to reach the breakeven within first 9 years.
The discussion to establish a copper smelter has been underway for over 30 years, and various researches and feasibility studies have been done. The government is making efforts lately in order to intensify works to establish the smelter within the implementation of state policies and guidelines on the industry. The copper smelter project is considered to take the short period of time.
· The copper smelter to generate 23% profit margin
· Investors greatly interested in financing the project
· The copper smelter to use 8000 cube meter of water a day
· Breakeven within 9 years
International investors are eager to get involved in the project, as local investors are interested in financing establishment of sub-plants. Also, a copper cathode to be generated from the smelter can be used as base materials for producing electronic products.
The smelter is estimated to reuse 8000 cube meter of water a day, which is used by spar processing plant.
In addition, Minister of Mining R.Jigjid delivered information regarding the implementation of the law on oil.
Oil refinery set to be established according to the parliament resolution. Namely, oil refinery with the capacity of processing 300 thousand tons of crude oil per year will be constructed. As of today, research works are underway, as the project is expected to commence in upcoming spring of next year. Pre-feasibility study of oil refinery to be constructed in Gobi region also has been finalized. Despite 15 projects of oil refinery initiated and developed, none of them have been finally materialized.
B.Davaatogtokh, Century News