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| Company type | Private |
|---|---|
| Industry | Mining, Building Materials |
| Founded | 1993.12.14 |
| Founder | Nyamtaishir Byambaa |
| Headquarters | Mongolia, Ulaanbaatar city |
| Area served | Gurvantes Umnugobi, Dalanjargalan Dornogobi, Sergelen Tuv |
| Key people | Founder and Chairman: Nyamtaishir Byambaa President and CEO: Tselmuun Nyamtaishir |
| Brands | MAK Euro Block, MAK Euro Cement, MAK Euro Windoor, MAK Euro Venti |
| Number of employees | 3,000+ |
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
References
- "MAK inaugurates cement factory in Dornogobi". Montsame. 12 June 2017.