Mongolia to produce steel Featured

The Industry and Agriculture Ministry informed on establishment of the Sainshand Industrial Complex.

Under a policy developed by the Ministry and a resolution by the State Great Khural (parliament), the Sainshand Industrial Complex project is continuing on stage of feasibility studies.

The Sainshand Industrial is planned to include a coal chemical plant, together with a steel and metallurgical factory. The plants are aimed at increased production of value-added products, which will help diversify the economy and make a positive impact on the social and economic development of the country.

By 2050, a global steel use is projected to increase 0.5 to 2 times that of present levels, to meet the needs of our growing global population. The world steel consumption is forecast to grow up to 1 billion tonnes by 2030, while China’s steel demand is expected to increase 250 million tonnes by that time. Thus, once established the steel plant, Mongolia has a great opportunity to become a steel exporting country.

National production of iron ore, a main raw material in steel manufacturing, is also expected to grow in upcoming years, a study shows. The iron ore can be supplied from Tomortein deposit with proven reserves of 230 MT Bayangol deposit with reserves of 180 MT and Kharanga 229 MT to the Shainshand steel plant.

The Sainshand Industrial Complex will be located between Oyu Tolgoi, Tavan Tolgoi and the oil fields located in eastern provinces. It will be positioned on an operating railway and on the cross-country highway networks. Sainshand city has high labor potential and the province is rich in construction materials.

Source – Montsame.gov.mn. Montsame is Mongolian government owned news agency
Share:

0 comments:

Post a Comment

Facebook page

Powered by Blogger.

Categories

Advertising in Mongolia An Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia agriculture Mongolia analysis Mongolia and Australia Mongolia and Belorussia Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and India Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Russia Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia civic society Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia Petroleum Mongolia public announcements Mongolia railways Mongolia Religion Mongolia society Mongolia Sports Mongolia Stamp Mongolia telecommunication Mongolia tourism Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian Archeology Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia

Blog Archive

Followers

Live Traffic