Mongolian fluorspar producer reduces output, turns to iron ore
Published: Monday, 19 March 2018
Despite sitting on impressive reserves, Mongolrostsvestment cannot make sufficient economies of scale in fluorspar mining and will instead focus its attention on developing its position in the iron ore market.
Mongolia’s sole producer of fluorspar,
Mongolrostsvestment, is reducing its output by 10,000 tonnes
per year to focus on iron ore.
The move follows a board decision taken in October 2017 to
close two open pit mines and to focus efforts on an underground
mine. A source close to...