Oyutolgoi LLC (OT) and Erdenet Mining Corp. are expected to sign a memorandum of cooperation at the end of April.
Owners of the biggest copper mines in Mongolia are to cooperate in three directions. First, equipments that produced by Maintenance and Mechanic Factory of Erdenet Mining Corp., will be supplied to OT. In other words, "Erdenet" Mining Corp. will produce equipments by the order of OT.
Second, staff who is necessary to OT is to be prepared by University of Science and Technology at the Erdenet Mining Corp.
Recreation at Erdenet Mining Corp. provides with professional nursing and medical treatment for occupational diseases. Thus, OT staff working in difficult conditions are to be treated in accordance with the health insurance at the Erdenet Recreation Facility.
General Director of the Erdenet Mining Corp, Ts.Davaatseren said: "OT is modern mining company. They use new and innovate technology. They are experienced in occupational and labour safety. Therefore, we have many things to learn from them. Even, we are competitors on market, we have more opportunities to cooperate than competing."
Head of Maintenance and Mechanical Factory at Erdenet Mining Corp, D.Munkhsaikhan said: "We have 640 employees. We have been cooperating with OT since last year. We have produced three types of order by OT, including cast armor.
We produce 5,000 tons of cast, 2,000 tons of processed parts, 80 tons of rubber products and 800 tons of metal casting per year.
Last year, we produced 144 import-substituting products domestically and saved 3.7 billion. We supplied parts to total of 46 enterprises and individuals. According to rapid development of mining in Mongolia, Maintenance and Mechanical Factory will become the main supplier of spare parts to those mining companies in the future. In addition, we will produce reinforcement construction and rebar.
Third, we aimed to diversify the types of cast parts and increase the annual production of rubber parts to 250 tons. We earned one mungu profit from one tugrug product."
Thus, two biggest copper mining companies of Mongolia started cooperation.
Oyutolgoi LLC (OT) and Erdenet Mining Corp. are expected to sign a memorandum of cooperation at the end of April.
Owners of the biggest copper mines in Mongolia are to cooperate in three directions. First, equipments that produced by Maintenance and Mechanic Factory of Erdenet Mining Corp., will be supplied to OT. In other words, "Erdenet" Mining Corp. will produce equipments by the order of OT.
Second, staff who is necessary to OT is to be prepared by University of Science and Technology at the Erdenet Mining Corp.
Recreation at Erdenet Mining Corp. provides with professional nursing and medical treatment for occupational diseases. Thus, OT staff working in difficult conditions are to be treated in accordance with the health insurance at the Erdenet Recreation Facility.
General Director of the Erdenet Mining Corp, Ts.Davaatseren said: "OT is modern mining company. They use new and innovate technology. They are experienced in occupational and labour safety. Therefore, we have many things to learn from them. Even, we are competitors on market, we have more opportunities to cooperate than competing."
Head of Maintenance and Mechanical Factory at Erdenet Mining Corp, D.Munkhsaikhan said: "We have 640 employees. We have been cooperating with OT since last year. We have produced three types of order by OT, including cast armor.
We produce 5,000 tons of cast, 2,000 tons of processed parts, 80 tons of rubber products and 800 tons of metal casting per year.
Last year, we produced 144 import-substituting products domestically and saved 3.7 billion. We supplied parts to total of 46 enterprises and individuals. According to rapid development of mining in Mongolia, Maintenance and Mechanical Factory will become the main supplier of spare parts to those mining companies in the future. In addition, we will produce reinforcement construction and rebar.
Third, we aimed to diversify the types of cast parts and increase the annual production of rubber parts to 250 tons. We earned one mungu profit from one tugrug product."
Thus, two biggest copper mining companies of Mongolia started cooperation.