"Mongolrostsvetmet" SOE – one of the leading companies of Mongolia in a field of mining, is established in 1973 by an Agreement between the former Governments of The People's Republic of Mongolia and The Soviet Union. The aim of the Company is to increase the resources of various minerals, process them and export the processed products to foreign countries. The main activities of the Company include:
- Exploitation and beneficiation of fluorspar ore
- Exploitation and beneficiation of iron ore
- Exploitation and beneficiation of gold
- Production of building materials such as gravel and crushed stones
- Geological exploration
At the present time, “Mongolrostsvetmet” SOE have 4 units: the Administration of the Company, “Bor-Undur” ore dressing plant, “Zeregtsee” placer gold mine and “Shijir-Alt” LLC, which provides employment for more than 1300 people.
The annual production capacity of the Company is to exploit 550-600 thousand tons of fluorspar ore, 2.4 million tons of iron ore and beneficiate 110-120 thousand tons of fluorspar concentrate and 320-400 thousand tons of iron concentrate, accordingly. Despite that the Company washes 2 million tons of gold contained sands, annually.
Since its establishment, “Mongolrostsvetmet” SOE has made a significant contribution to the knowledge, profession and skills of its workforces and local communities, and has produced hundreds of highly skilled professionals. Also the Company pays a great attention to solve social problems of its employees by developing social infrastructures such as apartments, schools, kindergartens, cultural and athletic complex buildings, which is lead to creation of a subside cities near its affiliated factories. As a result more than 15 000 workers live in modern comfortable apartments.