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Events
Prime Minister L. Oyun-Erdene: Mongolia is transitioning from mining to processing www.montsame.mn
During his working trip in Umnugobi aimag last weekend, Prime Minister L.Oyun-Erdene informed that the government issued a decision to establish ‘Tavantolgoi coal concentrator’. To be commissioned in 2023, the plant will have a capacity of concentrating 30 million tons of coal annually and export the value-added product. It is estimated that a ton of high-quality enriched coal will cost USD136, semi-coked coal -- USD107 and washed thermal coal –USD11.
PM Oyun-Erdene noted that the government aims to export value-added products through ways such as establishing a copper smelter under the Erdenet Mining Corporation, and transition from the mining sector from extraction to processing.
The government also set out to construct a thermal power plant at Tavantolgoi deposit. This 450MW thermal plant is aimed to supply electricity to mega construction projects and programs and contribute the central energy grid to a certain extent.
Energy and Finance Ministers said that 30 percent of the total required funding will be provided through owning shares in the Erdenes Tavantolgoi JSC, while the rest will be funded with loans and assistance. A water supply is of problems in constructing a thermal power plant. Therefore, the PM obliged to resolve this matter together with construction of the coal concentrator.
Published Date:2021-05-10
