• Mongolyn Alt (MAK) LLC was founded on 12 December.

 

 

 

• The first placer gold mine started the operation in Ikh Galt alluvial deposit of Zaamar soum (sub-province), Tuv aimag (province).
• The first gold dore bar numbered with 01 was delivered and sold to the Treasury of the Mongolbank (Central Bank of Mongolia).
• Lease-to-Own contract for Caterpillar mining equipment was signed with Caterpillar, Inc (USA), a first leasing contract amongst the private mining companies of Mongolia.
• The Company’s placer gold operation moved to Khailaast alluvial deposit of Zaamar soum, Tuv aimag.
• MAK is the 18th largest gold producer in Mongolia.

• MAK formed up a Mongolian-Canadian Joint Venture “Bumbat” LLC, in partnership with the Canadian company, for the development of Bumbat gold hard rock deposit.
• The first in-house geological unit of МАК started exploration campaign on alluvial gold deposit.
• MAK is the 10th largest gold producer in Mongolia.

• The first webpage of the Company was placed at the internet.
• MAK is the 5th largest gold producer in Mongolia.

• MAK’s gold placer operation was expanded by opening up the second gold mine.
• Initial stage of processing plant and open pit mine was put into operation at the Bumbat hard rock gold deposit by the Mongolian-Canadian JV “Bumbat” LLC.

 

 

 

• MAK is officially in the coal business by openning up and determining the resources of Alagtolgoi bituminous coal deposit with its in-house geological team.
• The first gold export contract between MAK and Gerald Metals, Inc (USA) was signed for exportation of gold dores independently under supervision of the Mongolbank.
• MAK’s first coal mine is commissioned at the Alagtolgoi deposit in Dalanjargalan soum (sub-province) of Dornogovi aimag (province).
• The first gold export shipment was successfully performed.
• The first coal delivery was made to Ulaanbaatar Power Plant #2 from the Alagtolgoi deposit.
• MAK is the 5th largest gold producer in Mongolia.

 

• Second shipment of gold dore export was made to Hong Kong branch of Heraeus GmbH (Germany).
• MAK was issued with the mineral license for Tsagaan Suvarga Cu & Mo deposit in Mandakh soum, Dornogovi aimag.
• MAK is the 4th largest gold producer in Mongolia.
• 30,000 metric tons of coal was produced and marketed from the Alagtolgoi deposit.

 

• Groundbreaking ceremony was held for the Eldev coal mine at the Alagtolgoi deposit.
• Routine export shipments of gold dores made to Heraeus GmbH and PAMP SA of MKS Corp (Switzerland).
• L. Munktogoo, a senior geologist, was awarded with the title of “Honored Industrial Entrepreneur” by the President of Mongolia.
• MAK is the 4th largest gold producer in Mongolia.
• 56,000 metric tons of coal was produced and marketed from the Alagtolgoi deposit.

 

 

 

• MAK was awarded with Golden Trophy by the Business Initiative Directions in Paris, for the TQM operations.
• Mongolian National Standardization and Metrology Center approved the National Standard No. MNS5042:2001 for the Eldev coal.  
• Tourism sector of MAK has been founded by purchasing a Dinosaur tourist camp and real estate at Terelj National Conservation Area, 50-km east of Ulaanbaatar city.
• Amgalan Coal Wholesale Vendor openned for the purpose of delivering high quality bituminous coal to Ulaanbaatar city customers.
• 170,000 metric tons of coal was produced and marketed from the Alagtolgoi deposit.

 

• Article of Incorporation and Charter of the Mongolian-Chinese Joint Venture “Qinhua-MAK-Naryn Sukhait” LLC have been signed for the purpose of producing and exporting coal based upon the partial resources of the Naryn Sukhait deposit.
• Eldev coal mine at Alagtolgoi deposit has made its first export shipment via railroad.
• 256,842 metric tons of coal was produced and marketed from the Alagtolgoi deposit.

 

 

 

• Gold Sales and Purchse Agreement was executed with Samsung Corp., South Korea. The first shipment under the agreement was made to UBS Bank, Zurich under the supervision of the Mongolbank.
• The first export shipment of coal was made from the Mongolian-Chinese Joint Venture “Qinhua-MAK-Naryn Sukhait” LLC via Shiveekhuren border port.  
• Working Capital Financing Agreement was signed with Gerald Metals, Inc (USA).
• D. Sodnom, an adviser, was awarded with the title of “Honored Economist” by the President of Mongolia.
• MAK geologists completed the geological campaign at the Khukh Tsav limestone deposit and the Mineral Resources Authority approved its resources for the State Geological fund.
• National Conformity Certificate was issued for the Eldev coal by the Mongolian National Standardization and Metrology Center.
• 222,00 metric tons of coal was produced and marketed from the Alagtolgoi deposit. The Joint Venture coal mine produced and exported 430,000 metric tons of coal.

• Technological Renovation was completed at the Bumbat by commissioning CIP hydrometallurgy plant with capacity of 500 TPD gold ore processing.  
• 278,000 metric tons of coal was produced and marketed from the Alagtolgoi deposit. The Joint Venture coal mine produced and exported 1,564,000 metric tons of coal.

 

• Pilot scale test for the Tsagaan Suvarga copper ore was completed at the Erdenet Mining Corporation by producing trial copper concentrates.
• Bench scale tests at the Naryn Sukhait and Aduunchuluun coals completed by DMT GmbH & Co and RWE Group (Germany) laboratories for coal briquetting, gasification and coking.
• B. Nyamtaishir, a President & CEO, was awarded with the title of “Honored Mining Entrepreneur” by the President of Mongolia.
• 383,000 metric tons of coal was produced and marketed from the Alagtolgoi deposit. The Joint Venture coal mine produced and exported 1,724,000 metric tons of coal.

• The Contract for Copper Ore Resources Technical Report under the CNI 43-101 standard was executed with the Canadian “QP” independent geological engineering firm.  
• 405,000 metric tons of coal was produced and marketed from the Alagtolgoi deposit. The Joint Venture coal mine produced and exported 1,451,000 metric tons of coal.

 

 

 

• The quicklime plant with a capacity of 50,000 TPA commissioned based upon the Khukh Tsav limestone resources.
• The Contract for the Prelimenary Feaibility Study of the Tsagaan Suvarga Cu & Mo project was signed with the Aker Solutions Inc (formerly known as Aker Kvaerner).
• Coal dry cleaning machine FGX 12 was commissioned at the Eldev coal mine.
• Eldev coal mine complex is commissioned comprising set of facilities of miners’ camp, office, maintenance shop and coal laboratory.
• Coal upgrading and briquetting test was made for the Aduunchuluun brown coal in Sydney, Australia.
• Additional drilling and geological campaign to delinateate the Tsagaan Suvarga ore resources under the western reporting compliance was completed with the supervision of the Canadian QP engineering firm.
• The loan agreement was signed with the European Bank for Reconstruction and Development, an international bank represented by the 61-governments of the world.
• 302,000 metric tons of coal was produced and marketed from the Alagtolgoi deposit. The Joint Venture coal mine produced and exported 1,547,000 metric tons of coal.

• The Feasibility Study for production of 2,500 TPD clinker/900,000 TPA cement based upon the Khukh Tsav limestone deposit was completed by the Tianjin Cement Industry Design & Research Institute (China).
• MAK commissioned its wholly-owned, new coal mine at the Naryn Sukhait coal deposit, located in Gurvantes soum, Umnugovi aimag.

 

• Ts. Elbegdorj, President of Mongolia and P. Ochirbat, a first President of Mongolia paid visit to MAK’s wholly-owned Naryn Sukhait coal mine.
• D. Dashzeveg, a Vice President was awarded with the title of “Honored Industrial Enterprenuer”, and G.Tsogt, a Vice President was bestowed with “North Star” medal by the President of Mongolia.
• МАК wholly-owned coal mines (Eldev & Naryn Sukhait) produced and marketed 1,880,000 metric tons of coal for domestic and export markets while the JV coal mine produced and exported 735,200 metric tons of coal.

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