Tsagaan Suvarga copper and molybdenum project
In December 1999, Mongolyn Alt MAK LLC submitted an application for an exploration license for the Tsagaansuvarga deposit, leveraging publicly available information. Between 2001 and 2008, MAK Company executed comprehensive exploration initiatives at the Tsagaansuvarga deposit in Mandakh Soum, Dornogovi Province, amounting to a total investment of 8.3 billion MNT. In 2007, the resource assessment was conducted in accordance with the Canadian CIM 43-101 standard, followed by confirmation in 2008 under the Australian JORC standard. Based on these results, 1.6 million tons of copper and 66,000 tons of molybdenum reserves of the deposit have been registered in the mineral resources of Mongolia.
The economic impact of the
Tsagaan Suvarga project
The Tsagaansuvarga project will bring big benefits to Mongolia. It will create over 1,300 permanent jobs directly and up to 7,500 more through subcontracting. Plus, it will add around $150 million each year to both national and local budgets, totaling $4 billion in taxes and fees over time. This means the government will get about 57-60% of the project's benefits without the need for direct investment. These funds will help balance foreign trade, stabilize exchange rates, and grow the economy. Also, the project plans to use its own funds to build important local facilities like an administrative building, hospital, school, and more in Dornogovi province.
Upcoming Construction projects in Mandakh Soum, Dornogovi Province
Administrative building
Dormitory
Hospital
Public school
Kindergarten
Culture center
