EREL
LLC
A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a ...
is a Mongolian company headquartered in
Ulaanbaatar
Ulaanbaatar is the Capital (political), capital and List of cities in Mongolia, most populous city of Mongolia. It has a population of 1.6 million, and it is the coldest capital city in the world by average yearly temperature. The municipa ...
, active in
mining
Mining is the Resource extraction, extraction of valuable geological materials and minerals from the surface of the Earth. Mining is required to obtain most materials that cannot be grown through agriculture, agricultural processes, or feasib ...
and construction, established in 1989. Founder and current president is
Badarchiin Erdenebat, also founder of the
Motherland Party. Construction activities began in 1994. The company has 1,200 employees in more than 10 companies in industries ranging from geological exploration, mining, construction, construction materials manufacturing, road construction to banking and education sectors.
In 2000, Erel was the second largest gold mining company in Mongolia after
Mongol Gazar
Mongols are an East Asian ethnic group native to Mongolia, China (Inner Mongolia and other 11 autonomous territories), as well as the republics of Buryatia and Kalmykia in Russia. The Mongols are the principal member of the large family of Mon ...
, with a 1364 kg yearly output, amounting to 12.9% of the national production.
See also
*
Mining in Mongolia
Mining is important to the national economy of Mongolia. Mongolia is one of the 29 resource-rich developing countries identified by the International Monetary Fund and exploration of copper and coal deposits are generating substantial additional ...
*
Environmental issues in Mongolia
There are many pressing environmental issues in Mongolia that are detrimental to both human and environmental wellness. These problems have arisen in part due to natural factors, but increasingly because of human actions. One of these issues is c ...
References
External links
*
*https://www.uvm.edu/~shali/Mining%20Mongolia%20paper.pdf
1989 establishments in Mongolia
Companies based in Ulaanbaatar
Companies established in 1989
Mining companies of Mongolia
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