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Corporate milestone

History milestones.

"Mongolrostsvetmet" LLC is established in 1973 by an Agreement between Mongolian and Russian Governments.

  • 51% belongs to Mongolian side represented by State Property Committee of Mongolia.
  • 49 % belongs to Russian side represented by State Corporation Russian Technologies.

Key corporate milestones between 1973 to 2010

  • 2010 Completed Preparatory work for development of Bargilt Iron ore deposit.
  • 2009 Successfully Implemented project of modernization of Mineral processing plant Bor-Undur which allowed to produce high quality acid grade fluorspar.
  • 2007 Signed new Agreement between Government of Mongolia and Government of Russian Federation. Company became Limited Liability Company.
  • 2003 "Zeregtsee" placer gold operation commissioned.
  • 2005 "Adag" underground mine commissioned.
  • 1995 "Zaamar" placer gold operation began.
  • 1994 "Shijir-Alt" company was set up in which "Mongolrostsvetmet" controls 51 percent of its shares.
  • 1992 "Mongolsovtsvetmet" was renamed as "Mongolrostsvetmet“.
  • 1987 "Urgen" mine was commissioned.
  • 1983 Bor-Undur mineral processing plant was commissioned, including underground mine, processing plant and the town.
  • 1986 Bor-Undur mineral processing plant was commissioned, including underground mine, processing plant and the town.
  • 1976 Airag fluorspar mine was acquired by the Company.
  • 1974 Khajuu-Ulaanfluorspar mine joined to the Company.
  • 1974 Tolgoit placer gold operation was commissioned, being the first subsidiary of the joint venture company.
  • 1973 Berkh fluorspar mine was joined to the company which was formerly controlled by "Sovmongolmetal".
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