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Mongolia Smelter (Smelting Plant) Industry Analysis
Mongolia has a rich endowment of mineral resources and has been developing its mining industry in recent years. One of the key components of the mining industry is the smelters/smelting plants construction projects industry, which is responsible for the construction of facilities that process the extracted minerals into usable materials.
The current scenario of the smelters/smelting plants construction projects industry in Mongolia is positive. The government has been actively promoting and supporting the development of the mining industry, including the construction of smelters and other processing facilities. In addition, there has been significant investment from foreign companies, particularly from China, in the construction of smelters and other processing facilities.
One example of such investment is the Oyu Tolgoi copper and gold mine, which is being developed by Rio Tinto and its partners. The project includes the construction of a smelter that will process the extracted copper and gold into usable materials. The smelter is expected to be completed by 2023 and will have a capacity of 720,000 tonnes of copper concentrate per year.
Another example is the Tavan Tolgoi coal mine, which is being developed by the Mongolian government in partnership with a consortium of foreign companies. The project includes the construction of a coal washing plant and a coking coal plant, both of which will process the extracted coal into usable materials.
The outlook for the smelters/smelting plants construction projects industry in Mongolia is positive, with several new projects in the pipeline. One such project is the construction of a ferroalloy plant by a consortium of Chinese and Mongolian companies. The plant will process the extracted manganese into ferroalloy, which is used in the production of steel.
In addition, the Mongolian government has announced plans to build a copper smelter in the eastern province of Dornod, which is home to significant copper deposits. The smelter is expected to have a capacity of 200,000 tonnes per year and will be built in partnership with a foreign company.
Overall, the smelters/smelting plants construction projects industry in Mongolia is expected to continue growing in the coming years, driven by the government's support for the mining industry and the significant investment from foreign companies. This growth is expected to create job opportunities and contribute to the country's economic development.
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