Companies·Copper
Erdenet Mining Corporation
State-owned
Mongolia's oldest large copper mine, operating since 1978. Fully state-owned since 2019; record revenue in 2025.
Owners
- State of Mongolia100%
- Sector
- Copper
- Mines and assets
- Erdenetiin-Ovoo, Orkhon aimag
- Products
- Copper concentrate, molybdenum concentrate
- Stock exchange
- Not listed
Rankings
#3
Largest taxpayers, 2024
Key facts
| Measure | Value | Year |
|---|---|---|
| Sales revenue | MNT 4.6 trillion (preliminary)ikon.mn — Erdenet 2025 preliminary results (25 Dec 2025) ↗ | 2025 |
| Net profit | MNT 693.1 billionikon.mn — Erdenet 2025 preliminary results (25 Dec 2025) ↗ | 2025 |
| Paid to state and local budgets | MNT 2.2 trillionikon.mn — Erdenet 2025 preliminary results (25 Dec 2025) ↗ | 2025 |
| Ore processed | 39.9 million tonnes (a record)ikon.mn — Erdenet 2025 preliminary results (25 Dec 2025) ↗ | 2025 |
| Share of state and local budget revenue | nearly 10%GBR — interview with Erdenet's general director (2024) ↗ | 2024 |
How its money reaches citizens
Mainly through taxes and budget payments. 34% of the dividends it pays the state go to the Savings Fund. Citizens hold no shares directly.
See the deposit ledger: Erdenet →