Erdenet Mining Corporation (Mongolian: Эрдэнэт үйлдвэр English: Precious factory) is a mining corporation in Erdenet, Mongolia. The city was built in 1974 to exploit Asia's largest deposit of copper ore and is the fourth largest copper mine in the world. The Erdenet Mining Corporation is a joint Mongolian-Russian venture and accounts for a majority of Mongolia's hard currency income. Erdenet mines 22.23 million tons of ore a year, producing 126,700 tons of copper and 1954 tons of molybdenum. The mine accounts for 13.5% of Mongolia's GDP and 7% of its tax revenue. The mine employs about 8,000 people. More information...
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