Mongolrostsvetmet to export 230 thousand tons concentrate

Ulaanbaatar /MONTSAME/ The Mongolian - Russian Joint Venture Mongolrostsvetmet LLC plans to export 230 thousand tons of iron concentrate in this year. The news was published on Monday on news.mn website, and the company said 200 thousand tons of the concentrate will be processed through a dry technology, and the rest will be refined by a wet technology. A decision of exporting the iron concentrate has been made after considering as beneficial to process and export the mineral due to a price fall of spar at the world market. Then, the works of enriching iron ore started from the last year’s August with an investment of USD 500 thousand for installing a new technology. For the time being, the Mongolrostsvetmet LLC enriched and exported 35 thousand tons of iron ore. Mongolrostsvetmet LLC is a leading fluorspar mining and production company in Mongolia which ranks 4th in the world after China, Mexico and South Africa. The company produces both acid and metallurgical grade fluorspar concentrates.