Erdenes Mongol JSC and Mongolyn Alt LLC has signed an agreement to establish Erdenes Ashid joint venture to operate in geological exploration and research field.
It has marked the first public-private partnership in mining and mineral industries.
Erdenes Ashid joint venture will conduct geological evaluation and detailed exploration on mineral areas, process minerals based on deposit as well as conduct exploration and production.
At the signing ceremony, CEO of Erdenes Mongoli JSC, Ts.Tumentsogt said:
"Mongolia has vast resources of unexplored minerals. We are delighted to work with Mongolyn Alt LLC, the national leading company in the fields of research, mineral classification, calculation and evaluation of deposit reserves. Establishment of the first public-private partnership in mining industry is significant to ensure sustainable economic growth, increase export and produce value-added and competitive production that substitude import".
Erdenes Mongol JSC has cooperated with Shine Shivee LLC establishing Erdenes Shivee Energy joint venture since 2016 with the aim to create coal reserves for Shivee Energy Complex project.
Mongolyn Alt is experienced and leading national company in mining sector - from geological exploration to the mineral processing.
Erdenes Mongol JSC and Mongolyn Alt LLC has signed an agreement to establish Erdenes Ashid joint venture to operate in geological exploration and research field.
It has marked the first public-private partnership in mining and mineral industries.
Erdenes Ashid joint venture will conduct geological evaluation and detailed exploration on mineral areas, process minerals based on deposit as well as conduct exploration and production.
At the signing ceremony, CEO of Erdenes Mongoli JSC, Ts.Tumentsogt said:
"Mongolia has vast resources of unexplored minerals. We are delighted to work with Mongolyn Alt LLC, the national leading company in the fields of research, mineral classification, calculation and evaluation of deposit reserves. Establishment of the first public-private partnership in mining industry is significant to ensure sustainable economic growth, increase export and produce value-added and competitive production that substitude import".
Erdenes Mongol JSC has cooperated with Shine Shivee LLC establishing Erdenes Shivee Energy joint venture since 2016 with the aim to create coal reserves for Shivee Energy Complex project.
Mongolyn Alt is experienced and leading national company in mining sector - from geological exploration to the mineral processing.