Mongolyn Alt (MAK) LLC is a conglomerate in

Mongolia Mongolia is a landlocked country in East Asia, bordered by Russia to the north and China to the south and southeast. It covers an area of , with a population of 3.5 million, making it the world's List of countries and dependencies by po ...

that is involved in

gold Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal ...

coal Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other Chemical element, elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal i ...

, and

copper mining Copper extraction is the multi-stage process of obtaining copper from list of copper ores, its ores. The conversion of copper ores consists of a series of physical, chemical, and electrochemical processes. Methods have evolved and vary with coun ...

. It was founded by Nyamtaishir Byambaa in 1993 and is privately owned.

Early operations

Since its establishment, MAK has demonstrated its ability to convert mineral reserves into profitable businesses, and has made significant contributions to the Mongolian economy and society. MAK has made efforts to promote responsible mining practices and has invested in the development of the local economy,

environmental sustainability Sustainability is a social goal for people to co-exist on Earth over a long period of time. Definitions of this term are disputed and have varied with literature, context, and time. Sustainability usually has three dimensions (or pillars): env ...

, health, and education sectors. In recent years, MAK has diversified its operations to include processing and manufacturing businesses, utilizing advanced Euro technologies to establish plants such as the "MAK Euro Block Plant", "MAK Euro Cement Plant", "MAK Euro Windoor Plant", and "MAK Euro Venti Plant". Through these endeavors, MAK has reduced

's dependence on imports and brought innovation to the construction materials sector.

Timelines

* 1993 - MAK was established and began its business operations with the Ikh Galt gold mine * 1995 - MAK founded Bumbat LLC, a Mongolian-Canadian joint venture, and became the fourth-largest gold producer in Mongolia * 2000 - MAK diversified its business by starting thermal coal production * 2002 - Qinghua-MAK Naryn Sukhait LLC, the first Mongolian-Chinese joint venture in the mining sector, was established * 2007 - MAK started its mining operation at Naryn Sukhait Coal Mine * 2010 - The Naryn Sukhait Coal mine produced five million tons of coal * 2015 - MAK Euro Block Plant was commissioned and began production. * 2017 - MAK Euro Cement Plant was commissioned * 2018 - The Naryn Sukhait Coal Processing Plant was commissioned * 2019 - MAK Euro Windoor Plant was commissioned * 2022 - MAK Euro Venti Plant was commissioned

External links

Official website

References

{{reflist Mining companies of Mongolia