- Source: Mongolyn Alt MAK LLC
Mongolyn Alt (MAK) LLC is a conglomerate in Mongolia that is involved in gold, coal, and copper mining. It was founded by Nyamtaishir Byambaa in 1993 and is privately owned.
Early operations
Since its establishment, MAK has demonstrated its ability to convert mineral reserves into profitable businesses, and has made significant contributions to the Mongolian economy and society. MAK has made efforts to promote responsible mining practices and has invested in the development of the local economy, environmental sustainability, health, and education sectors.
In recent years, MAK has diversified its operations to include processing and manufacturing businesses, utilizing advanced Euro technologies to establish plants such as the "MAK Euro Block Plant", "MAK Euro Cement Plant", "MAK Euro Windoor Plant", and "MAK Euro Venti Plant". Through these endeavors, MAK has reduced Mongolia's dependence on imports and brought innovation to the construction materials sector.
Timelines
1993 - MAK 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 Coal mine produced five million tons of coal
2015 - MAK Euro Block Plant was commissioned and began production.
2017 - MAK Euro Cement Plant was commissioned
2018 - The Naryn Sukhait Coal Processing Plant was commissioned
2019 - MAK Euro Windoor Plant was commissioned
2022 - MAK Euro Venti Plant was commissioned
External links
Official website
