The head of the Foreign Affairs and Economic Cooperation Department, S. Byambatsogt, and the executive director of “Erdenes Mongolia” company, S. Naranjakt, along with officials visited the heavy industry centers in Darkhan and Orkhon provinces. Specifically, they familiarized themselves with the operations of the “Darkhan Metallurgical Plant” and “Cement Lime” LLC, as well as “Erdenet Mining”.
According to the competitiveness indicators of the provinces, Darkhan-Uul and Orkhon aimags lead, which is directly related to the aforementioned industries that are of particular importance to the country’s social and economic development. In this sense, the next step from being a raw material supplying country to becoming an industrialized country begins here, including smelting copper concentrate, producing cathode copper, processing iron ore, manufacturing steel products, and preparing construction materials.
The “Hero of Mongolia” Erdenet factory, which is called the largest center of industry, is the main driver of our country’s economy. A working group familiarized themselves with the infrastructure construction work of the “Production and Technology Park” being established based on the Erdenet mining and processing plant. The power supply, water supply, railway, and road infrastructure works of the “Production and Technology Park,” which is planned to cover a total area of 1200 hectares, are mostly at the finishing and completion stages. Erdenet factory has invested 65 billion tugriks into this project and is accelerating efforts to put it into operation by 2028.
In this “Industrial Technology Park”, plans are underway to establish a copper concentrate smelting and processing plant, a cathode copper plant that leaches oxidized ores, and molybdenum concentrate processing plants, which will create approximately 1,200 new jobs.
The copper smelting and processing plant is planned to be built with a total investment of 772.9 million USD, and it is estimated that the investment costs will be recovered within 8.8 years.Additionally, once the plant becomes operational, it will produce value-added final products, advancing the non-ferrous metallurgy sector to a new level, as highlighted by G. Yondon, the CEO of “Erdenet Mining Corporation”.
Source: mining.mn 2025/08/25