Thursday, May 17th

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Copper Resources

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Most of Mongolia's copper reserve is allotted to the Erdenet mining and the Tsagaan Suvarga copper-porphyry deposits. There is considerable high content copper-nickel and sandstone deposits and finds in the country's territory. But a detailed survey has not yet been made. As a result of copper exploration, many finds with two percent copper contents were determined. The Erdenet mining extracts 22.23 million tons of copper ore a year and produces 126.7 thousand tons of copper and 1953.7 tons of molybdenum. Also the mining is operating the Erdmin industry, which has a capacity of producing 3.600 tons of cathode pure copper from the unsuitable ore for processing in the technological cycle. As a result of mining research carried out by Ivanhoe Mines Mongolia Inc. Company in Oyu Tolgoi deposit, more than 10 million tons of copper and 500 tons of gold deposits were discovered. However, with more detailed studies going on, the resources may increase.
 

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