THE NEW CONCENTRATE-PROCESSING PLANT COMMISSIONED

Ulaanbaatar /MONTSAME/ A wet concentrate plant of Khudag Baishint iron deposit in Bulgan aimag was commissioned on September 6. The plant has been constructed by "Focus Metal Mining" LLC. The commission of this new plant’s first line has opened a new page in Mongolia’s metal industry development. The Khudag Baishint mine has spent USD 20 million of investment for the plant construction and has completed set-up and test works during 2012-2014. The new plant, which has offered 100 workplaces, has a capacity of 600 tonnes of iron ore exploitation and 300 tonnes (TPA) of concentrate production per year. For five years of operation since commissioning, the plant will put on the market 1.9 million TPA of wet concentrate and 69 thousand TPA of regular concentrate, making a profit of USD 228.2 million, according to estimation. The 66% iron concentrate is 20% higher than the regular concentrate in terms of iron content, and is traded up by USD 40-60.