During a Cabinet meeting held on 28 January, the Chief of the Cabinet Secretariat, S. Byambatsogt, presented to Cabinet members an update on the progress of work conducted by the sub-working group responsible for evaluating proposals submitted by companies that have expressed interest in investing in and partnering on the Copper Concentrate Smelting and Processing Plant project to be implemented based on Erdenet Mining Corporation, a state-owned enterprise.
In September of last year, pursuant to an order of the Prime Minister, a Working Group was established to accelerate the implementation of the project to construct a copper concentrate smelting and processing plant at Erdenet Mining Corporation. The Working Group is chaired by S. Byambatsogt, Chief of the Cabinet Secretariat.
General information regarding the project was disseminated to 55 companies from more than 20 countries. To date, 13 companies from seven countries have officially expressed their interest in investing in and cooperating on the project.
To identify the most qualified investor and contractor, the sub-working group conducted an evaluation of the submitted proposals, taking into consideration the companies’ experience in implementing similar projects, proposed technical and technological solutions, financial and economic capacity, and comparative advantages.
The companies currently under consideration include:
- NFC (People’s Republic of China)
- Jiangxi Copper (People’s Republic of China)
- A consortium comprising Liantou New Energy Technology, China ENFI Engineering Corporation, and Shanxi Northern Copper Industry (People’s Republic of China)
- Glencore International AG (Swiss Confederation).
Preparatory work is underway to complete the final stage of the selection process for the investor and contractor for the Copper Concentrate Smelting and Processing Plant project within the first quarter of 2026.
