Boroo Gold Mine

Boroo Gold Mine is an open-pit gold mining site in Mongolia located about 110 km (70 mi) west-northwest of the capital Ulaanbaatar in Bayangol and Mandal sums (districts) of Selenge Province in northern Mongolia. Gatsuurt Gold Mine is 35 E from Boroo Gold Mine.

Boroo
Location
Boroo Gold Mine
Location in Mongolia
AimagSelenge
CountryMongolia
Coordinates48°44′45″N 106°10′10″E
Owner
CompanyOZD ASIA PTE Ltd.
Websitehttp://boroogold.mn

Boroo was owned by the Canadian mining company, Centerra Gold Inc. It began commercial production in March 2004 and produced more than 1.5 million ounces (46 tons) of gold through the end of 2010. The Boroo mine was the first hard-rock gold mine established in Mongolia and the largest foreign investment in the country at the time it began production. Boroo is estimated to have increased the entire country's GDP by 5-7%.[1]

On October 12, 2018 Centerra Gold sold its Mongolian business unit (including the Boroo project and related infrastructure as well as the Gatsuurt development property) to OZD ASIA PTE Ltd., a private Singapore based company.

  1. Montsame News Agency. Mongolia. 2006, Foreign Service Office of Montsame News Agency, ISBN 99929-0-627-8, p. 79
gollark: It's a thing. ish.
gollark: I mean, one of the "wisdom of the ages"es of Western societies is to question past traditions and old ideas.
gollark: People complaining about it doesn't mean it's true either, I doubt they actually *measured* it.
gollark: They may also not have been very good ideas in the time when they "evolved", and just stuck around through luck or being tied to better ones.
gollark: Also, things being a good idea in very different societies of the past doesn't make them sensible in the different environments of today. They *might* be, but it isn't guaranteed.
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