Companies·Fluorspar
Mongolrostsvetmet
State-owned
Founded in 1973 as a Mongolian-Soviet venture, now a 100% state-owned producer of fluorspar, iron ore and gold.
Owners
- State of Mongolia100%
- Sector
- Fluorspar
- Mines and assets
- Mines and plants in six aimags
- Products
- Fluorspar, iron ore, gold
- Stock exchange
- Not listed (plans to become a joint stock company)
Key facts
| Measure | Value | Year |
|---|---|---|
| Direct employees | 1,600GBR — interview with Mongolrostsvetmet's CEO (2024) ↗ | 2024 |
| Iron ore | about 400,000 tonnes a yearGBR — interview with Mongolrostsvetmet's CEO (2024) ↗ | 2024 |
| Gold to the national gold reserve | about 32.5 tonnes over its historyGBR — interview with Mongolrostsvetmet's CEO (2024) ↗ | 2024 |
How its money reaches citizens
Through taxes, 40% of which go to local budgets; 34% of its dividends go to the Savings Fund (one of five contributors in 2024).