Government and MAK Cement to sign agreement on Khokh Tsav Cement-Lime ProjectPolitics
Ulaanbaatar /MONTSAME/ The Cabinet approved Monday the draft agreement on investment for Khokh Tsav cement-lime plant and authorized the Minister of Industry D.Erdenebat to sign the agreement.
Since 2012, the project on building a dry-processing plant for cement-lime and clinker production, based on Khokh Tsav lime deposit in Dalanjargalan soum of Dornogovi aimag, has been implemented by Mongolyn Alt Corporation (MAK). According to the draft agreement, the project will be further managed by a daughter company “MAK Cement” LLC.
At a maximum, the plant will produce 900 thousand tons of limestone, 1, 045 million tons of PC 62.5, OPC 52.5, OPC 42.5 cement, and 100 thousand tons of burnt lime for construction, with high metallurgical quality.
The project is expected to accumulate 961.9 million USD, annually 32.1 million, to the State Budget, and to create 500 workplaces for the Mongolians.