Achit Ikht LLC to produce copper


The construction of Achit Ikht copper plant in Bayan-Ondor soum of Orkhon aimag has been completed.
On July 1, the plant produced pure copper as a trial run. Unofficial sources report that the plant has since produced 30 tons of copper. Marubeni Corporation of Japan and multinational commodity trading company Trafigura sent requests to Achit Ikht to buy copper, although the plant has not yet produced any exports. The plant extracts copper from ore with low copper concentration not used by Erdenet factory. In addition to the Achit Ikht plant, Erdmin copper plant produces 2,500 tons of copper per year using the same method and ores.
News agencies report that 34 percent of Achit Ikht LLC is owned by Erdenet Mining Corporation and 51 percent by P.Tsagaan, head of the Presidential Office.

Short URL: http://ubpost.mongolnews.mn/?p=10703

Posted by on Jul 24 2014. Filed under Business & Economics. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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