Khan Altai Resource Company has signed a long-term cooperation agreement with the European Bank for Reconstruction and Development (EBRD) for loan financing.

With the approval of this loan financing, Khan Altai Resource Company will invest in the commissioning of a stationary crushing plant from the UK company MMD (Green Mining Solutions). The MMD stationary crusher is a world-renowned stationary crushing plant with solutions that have minimal negative environmental impact, such as low energy and electricity consumption and a dust reduction system.

By choosing this environmentally friendly green technology, we are set to receive a $454,000 grant from the EBRD’s FINTECC Program (Finance and Technology Transfer Centre for Climate Change), which is funded by the Global Environment Facility, for the first time in Mongolia’s mining sector.

In line with our mission to “build a sustainable, socially responsible, globally competitive gold mine and contribute to the development of the western region of Mongolia,” and as a leading member of the Mongolian National Mining Association, we will conduct our operations by strictly adhering to the responsible mining code and implementing environmentally friendly techniques and technologies.

Together for the development of the western region.