Mongolia’s gold industry is expected to see a major boost in 2018, with the Oyu Tolgoi mine set to double its output to between 240,000 to 280,000 ounces. As Oyu Tolgoi enters its later phases, higher grades and increased recovery will significantly enhance the projects capacity. This will further propel the recovery of the Mongolian economy.
Mongolian Metals Corporation LLC (MMC) is a Mongolian mining company with a portfolio of exploration licenses representing significant deposits of copper, gold, molybdenum, coal and quartz across four aimags of Mongolia. The company also benefits from strong ongoing access to further license acquisition opportunities. MMC is a spin-off from Asia Pacific Investment Partners. MMC was founded in April 2008 and has to date acquired four exploration licenses in Mongolia. Aggregate investment into MMC since at 31st December 2008 totaled circa US$6.4 million. Investment into the business has to date been 100% financed by Asia Pacific Investment Partners Corporation Ltd (APIP).