Investment agreed for Khokh Tsav Cement-Lime

Investment agreed for Khokh Tsav Cement-Lime
13 October 2015

The Mongolian cabinet has approved the draft agreement on investment for Khokh Tsav cement-lime plant and authorised the Minister of Industry, D Erdenebat, to sign the agreement.

The plant was originally conceived in 2012, but had insufficient finances to go beyond the planning stages. The project consists of building a dry-process plant for cement-lime and clinker production, based at the Khokh Tsav lime deposit in Dalanjargalan soum of Dornogovi aimag. Mongolyn Alt Corporation (MAK) is the owner of the project. According to the draft agreement, the project will be further managed by a subsidiary, “MAK Cement” LLC.

The plant will have the capacity to mine 0.9Mta of limestone and to produce 1.045Mta of cement (types PC 62.5, OPC 52.5, OPC 42.5), and 100,000t of burnt lime for construction, with high metallurgical quality.

The project is expected to bring in US$961.9m or US$32.1m annually to the state budget, and to create 500 jobs for local people.

Published under Cement News