Ivanhoe Mines Mongolia Review

About Ivanhoe Mines Mongolia

Ivanhoe Mines Mongolia is a leading mining company in Mongolia that specializes in gold and copper mining. The company has been operating in the country for several years and has established itself as one of the most reliable and efficient mining companies in the region.

The company's flagship project, Oyu Tolgoi, is one of the largest copper-gold deposits in the world. The mine is located in the South Gobi region of Mongolia and has proven reserves of over 46 million ounces of gold and 78 billion pounds of copper. Ivanhoe Mines Mongolia owns a 66% stake in Oyu Tolgoi, while Turquoise Hill Resources Ltd. owns a 34% stake.

In addition to Oyu Tolgoi, Ivanhoe Mines Mongolia also operates several other projects across Mongolia. These include Kyzyl Gold Project, which is located near the border with Kazakhstan, and Kharmagtai Copper-Gold Project, which is located near Oyu Tolgoi.

The company's success can be attributed to its strong partnerships with other major mining companies such as Rio Tinto and Turquoise Hill Resources Ltd., as well as its commitment to sustainable development practices. Ivanhoe Mines Mongolia places great emphasis on environmental protection, community engagement, and employee safety.

One example of this commitment can be seen through their partnership with local communities near their mines. The company works closely with these communities to provide education programs for children, healthcare services for families, and job opportunities for locals.

Ivanhoe Mines Mongolia also invests heavily in technology to improve efficiency at their mines. They use state-of-the-art equipment such as autonomous haul trucks that are controlled remotely from a central control room. This technology not only improves safety but also reduces costs by increasing productivity.

Overall, Ivanhoe Mines Mongolia is an industry leader that continues to set new standards for responsible mining practices while delivering significant economic benefits to local communities across Mongolia. With its strong partnerships with major players like Rio Tinto and Turquoise Hill Resources Ltd., cutting-edge technology solutions like autonomous haul trucks at their mines sites; it's no wonder why they are considered one of the best mining companies around!