Altanshireet Industrial Park Project
As the Implementor of the Altanshireet Industrial Park Project, we are working with the goal of making a significant contribution to the development of the region, accelerating the development of the country’s export sector, reprocessing mining products domestically, producing value-added final products, and increasing the development into the mineral resurces and heavy industry.
Our Industrial Park Project is consistent with the Government of Mongolia’s Policy Reform to support production within the domestic economic. Namely, the Government of Mongolia’s Framework Resolution No. 106 “New Revival Policy” Appendix 2.3.2.2 of 2021 provides for “development of ferrous metallurgy production along with ancillary industries to meet domestic demand for steel products” policy. Pursuant to the above, the Altanshireet Industrial Park Project was granted the right of establishment under the Government of Mongolia’s Resolution No. 257 dated 05 July 2023. Under the framework of the Project, the following shall be implemented:
The plant consists of 2 workshops and has the capacity to produce 1.0 - 1.5 million tons of iron concentrate with Fe content of 65-68% per year.
The plant consists of a crushing unit for coal preparation, washing concentration workshop, dewatering workshop, concentrate waste transportation and storage workshop. It has an annual coal washing capacity of 1.5 million tons.
Within the coking plant, 2x300,000 ton coke plants and 2x1,000,000 ton metallurgical plants are planned to be put into operation in the second phase. A horizontal furnace will be used to generate energy using the volatile gases released from the coke oven. The plant is planned to build a plant with a capacity of 1.0-1.5 million tons of coke.
The annual capacity of the plant is 650,000 tons in the first year, and 1,000,000 tons of iron concentrate can be processed and produced in the second year. The plant is planned to consist of a batching plant, a drying plant, a mixing plant, a pellet printing/burning plant, a cooling plant, a reservoir and a water pump unit, an integrated electrical and communication control system, and product storage units.
The plant has the capacity to produce 500,000 tons of pig iron per year.
The strategic priorities and goals of Altanshireet Industrial Park for 2023-2040 are defined as follows:
- To be headlined as the National Heavy Industry Complex industrial technology model park;
- Creating an integrated system of infrastructure construction, logistics and resources;
- To introduce a comprehensive international standard and quality management system in the company’s operations;
- Stimulating research and development, technological improvement, competitive product development, innovation; and
- Development of industrial cooperation in accordance with the concept of sustainable development, support of social and economic development of the region.