Mongolyn Alt Corporation
Mongolyn Alt (MAK) LLC is a privately owned conglomerate in Mongolia that is involved in gold mining and has expanded into coal and copper mining. It was founded by Nyamtaishir Byambaa in 1993.
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| Type | Private |
|---|---|
| Industry | Mining, Construction material production |
| Founded | 1993.12.14 |
| Founder | Nyamtaishir Byambaa |
| Headquarters | Mongolia, Ulaanbaatar city |
Key people | Founder and Chairman Nyamtaishir Byambaa, President and CEO Tselmuun Nyamtaishir |
| Brands | MAK Euro Block, MAK Euro Cement, MAK Euro Windoor, MAK Euro Venti |
Number of employees | 2,700+ |
Early operations
In the first decade of its operation, MAK studied the mineral resources of Mongolia and successfully converted certain mineral reserves into profitable businesses. Additionally, MAK has invested in responsible mining practices, as well as in the development of the local economy, environmental sustainability, health, and education sectors. These efforts have contributed significantly to the growth and development of both the Mongolian economy and society.
Over the past decade, MAK has expanded its operations to include processing and manufacturing businesses. Through the establishment of plants that utilize leading technologies such as the "Euro Block Plant," "Euro Cement Plant," and "EuroWindoor Plant," MAK has contributed to reducing Mongolia's dependence on imports and introduced innovation in the construction materials sector. The company has also provided opportunities for Mongolian citizens to work and take pride in their profession and skills, creating a favorable environment for employment.
Timelines
- 1993 - Mongolyn Alt (MAK) LLC was established and began its business operations with the Ikh Galt gold mine
- 1995 - MAK founded Bumbat LLC, a Mongolian-Canadian joint venture and became the fourth-largest gold producer in Mongolia
- 2000 - MAK diversified its business by starting thermal coal production.
- 2002 - Qinghua-MAK Naryn Sukhait LLC, the first Mongolian-Chinese joint venture in the mining sector, was established
- 2007 - MAK started its mining operation at Naryn Sukhait Coal Mine
- 2010 - The Naryn Sukhait mine produced five million tons of coal.
- 2015 - Euro Block Plant was commissioned
- 2017 - Euro Cement Plant was commissioned [1]
- 2018 - The Naryn Sukhait Coal Processing Plant was commissioned
- 2019 - Euro Windoor Plant was commissioned
- 2022 - Euro Venti Plant was commissioned
External links
References
- "MAK inaugurates cement factory in Dornogobi". Montsame. 12 June 2017.
