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Erdenet

Provincial capital of Orkhon Province, Mongolia

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  • 8 chapters
Mongolian city Erdenet
Brücke-Osteuropa · Public domain

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Through Copper and UNESCO

History

Erdenet, one of the youngest settlements in Mongolia, was founded in 1974 in an area where large deposits of copper had been discovered in the 1950s. A single-track railway line with a length of 120 km (75 mi) linking Erdenet to the Trans-Mongolian Railway was inaugurated in 1977. In the middle of the 1980s, more than 50% of the inhabitants were Russians working as engineers or miners. After the fall of Soviet Communism in 1990, however, most Russians left Erdenet. Today, about 10% of the population is Russian.

Erdenet Mining Corporation

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 per year, producing 126,700 tons of copper and 1,954 tons of molybdenum. The mine accounts for 13.5% of Mongolia's GDP and 7% of tax revenue. About 8,000 people are employed in the mine.

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