Achit Ikht Hydrometallurgical Plant

From EverybodyWiki Bios & Wiki


Achit Ikht Hydrometallurgical Plant
250px
Location
Achit Ikht is located in Mongolia
Achit Ikht
Achit Ikht
Location in Mongolia
LocationErdenet
AimagOrkhon
CountryMongolia
Coordinates49°03′26″N 104°05′06″E / 49.05722°N 104.08500°E / 49.05722; 104.08500Coordinates: 49°03′26″N 104°05′06″E / 49.05722°N 104.08500°E / 49.05722; 104.08500
Fatal error: The format of the coordinate could not be determined. Parsing failed.


Production
ProductsCathode copper
History
OpenedOctober 10, 2014
Owner
Company100% - Achit Ikht LLC
WebsiteAchit Ikht Copper (AIC)

Achit Ikht Hydrometallurgical Plant (Mongolian: Ачит Ихт Гидрометаллургийн Үйлдвэр) is a processing plant in Erdenet, Mongolia.[1]

The Cathode copper plant is a fully automated hydrometallurgical plant that extracts cathode copper. It is equipped with the most advanced Leaching - Solvent Extraction - Electrowinning /L-SX-EW/ equipment to process the off-balance mixed ore. On October 10, 2014, Achit Ikht LLC had built, with private investment, and commissioned a hydrometallurgy plant equipped with European standard machinery and equipment with a capacity of 10,000 tons of cathode copper per year from artificial deposit.

Within the framework of the cooperation agreement that was signed with Erdenet Mining Corporation, SOE, a part of off-balance artificial deposit of the dump No.2, which had a negative impact on the environment and kept losing its value has been registered in the State reserve with the commissioning of the cathode copper plant, creating more than 200 new jobs and began to contribute to the economy of Mongolia with the cathode copper export.

Achit Ikht LLC obtained a license No. 'UN-000001' to use artificial deposit under an amendment made to the Minerals Law in 2016. By doing so, the Company is considered as having the first license to run a Processing plant to exploit artificial deposit. In 2017, "Stability certificate" was received by meeting requirements of the terms and conditions specified in the Investment Law.

In February 2019, Achit Ikht LLC has become a member of London Metal Exchange.[2][3]

Vision, Mission, Values of Achit Ikht[edit]

Vision: To Lead in copper production in Mongolia by employing non-selective approach.

Mission: To Process world-class copper from off-balance ore using advanced techniques and technologies that is environmentally friendly.

Values: to be "EMPLOYEE" who is

  • Possessing Ocupational Health and Safety culture
  • Loyal and responsible
  • Creative, initiative and diligent
  • Quality-oriented, performance guaranteed
  • Qualified and highly skilled
  • Able to take risk
  • Aspirated to develop
  • Trustful, respectful and ethical
  • Principled, disciplined and
  • Teamplayer.

Final Product[edit]

99.999% pure Grade A cathode copper[4] by analysis of an laboratory which is accredited by the London Metal Exchange.

Social Responsibility[edit]

Achit Ikht LLC's social responsibility is not limited to a certain amount of donations, sponsorships, and short-term projects and programs. It aims to make a long-term, real contribution to protect the environment, and the social and economic development of Mongolia; to provide equal education and cultural heritage for youth, and to support large-scale public projects, encouraging large national companies to do the same.

“Achit Ikht” LLC operates in accordance with the principles of responsible mining in accordance with international and Mongolian laws. It has been pursuing a policy of improving people's livelihoods through sustainable development and has borne the risk of loan repayment without prioritizing profits. As part of its responsibilities to the country and society, the company has paid its taxes, fees and commissions in a timely and ethical manner, being listed as one of TOP-100 taxpayers of Mongolia five times since its establishment.

  • Social responsibility in the field of Environmental Protection

The mission of “Achit Ikht” LLC is to engage an environmentally friendly production. The Company have a detailed environmental assessment conducted, at all stages of its activities, in accordance with Mongolian laws and regulations, to mitigate, eliminate and to prevent potential negative impacts on the environment. Copper laden rich solution of leaching process is transferred through specifically isolated channels and collected in a holding pond which is equipped with reliable pipes, monitoring boreholes and leakage-control system. After solvent extraction, low grade solution is leached to ore dump through a refinery pump. So, it's a closed circulating system of rich and poor solution.

This closed circulating system not only prevents soil and underground water from contamination but also is regularly confirmed by geological, geochemical, and underground water analysis under regular control of environmental monitoring organizations. The rich solution is confirmed as having no impact to the environment, soil and underground water, according to the joint study of 2016 conducted in cooperation with BioteQ company of Canada.

Therefore, the copper produced by hydrometallurgical process is called as 'Green copper' because it has less negative impact to environment and uses less energy to produce copper. Furthermore, this technology currently produces about 30% of the copper in the world.

  • Detailed Environmental Impact Assessment, and Environmental Management Plan

“Achit-Ikht” LLC has a detailed environmental impact assessment conducted by a professional organization every 5 years, and the annual inspection conducted by the General Agency for Specialized Inspection has concluded that the operation of the plant is “low risk”.

The working group on “Technological monitoring of natural resource use and rehabilitation, identification of negative impacts on the environment, and assessment” established by the decree of the Governor of Orkhon province has developed an annual Environmental Management Plan and evaluated its implementation.

  • Environmental Rehabilitation Efforts Plan

3.3 hectares of land in Bayan-Undur soum of Orkhon province was 100% rehabilitated during the period between 2014-2020, where stones were extracted during the construction of Achit-Ikht LLC's plant. In order to reduce dust around the plant and clean the air, the company planted trees in order to increase the green areas. A total of 2,500 trees of 8 species such as larch, pine, spruce, yellow acacia, birch, sea buckthorn and poplars have been planted in Sarkhia Mountain, Erdenet city, and the growth rate is 84% as February, 2021.

  • Waste Management

The company adheres to the principles of responsible mining and aims to operate environmentally friendly manner. Achit Ikht LLC, to implement waste management, have signed agreements with relevant waste management license holders Tsetsuukh LLC and Nogoon Ariusgal LLC to sort and dispose of waste generated during the company's operations.

Furthermore, in 2019, a contract was signed to supply waste oil to Monpiti Oil LLC for reuse, and on average, about 1,000 liters of waste oil and oil materials are supplied to be reused annually.

  • Social responsibility to promote well-being, sports and culture

Achit-Ikht LLC is the main sponsor of the Steppe Arena, Mongolia's first multi-purpose indoor ice arena which meets the standards of the International Olympic Committee and is working with other top Mongolian companies on the implementation of this effort.

The project started in April 2019 and is due to be completed in 2021. The complex will have a seating capacity of 3,600 spectators and will be able to host various international games such as indoor ice hockey, figure skating, and short track speed racing while a special platform that covers the rink will allow hosting of basketball, volleyball, boxing, gymnastics, wrestling, dance tournaments, expos and conferences.

  • Education and child and youth development

“Achit-Ikht” LLC has been implementing long-term, public events and projects that have benefited the society in order to ensure the education and well-being of the children and youth of Mongolia. Since 2017, a total of 10 students of Mongolian University of Science and Technology branch of Orkhon province have been included in the tuition scholarship program, and nine of the successful graduates have been provided with permanent jobs.

In 2017 and 2020, chemistry classrooms of two secondary schools of Orkhon province were fully equipped and handed over. Suvdanchimeg Sunderiya[5], a student from Orkhon province, who conducted experiments at one of this laboratory, won a bronze medal at the 49th International Chemistry Olympiad in 2017.

  • Issuance of Preferred Shares

Achit-Ikht LLC has started issuing preferred shares and paying dividends to its targeted beneficiaries, the company’s employees and the employees of Erdenet Mining Corporation, since 2019 as part of its social responsibility – with a motto “Resource Benefits for All Employees”.[6]

In June, 2021, Achit-Ikht LLC has paid its 11th quarterly dividends to its preferred shareholders on time despite the country’s difficult economic situation due to the coronavirus pandemic that has lasted for more than a year.

The company’s preference shares have a guaranteed interest rate of 30 percent per annum, pays quarterly dividends and the process is a measure the company is taking to provide additional financial income to its employees. By issuing preferred shares, it has set a good example for large national companies and demonstrated that it is viable to pay high-yield dividends to employees.

Achievements and Accomplishments[edit]

File:Prizes of Achit Ikht.jpg
Awards and recognition of Achit Ikht - 2016-2020

In 2016, Achit Ikht was selected:

  • Best enterprise
  • Top social security contributor
  • Reliable taxpayer
  • Top social security contributor and employer
  • Health promoting organization

In 2017:

  • Top social security contributor and employer
  • Best investor
  • Education promoting organization

In 2018:

  • Best enterprise of the year
  • Promoter of intelligence
  • Best respondent
  • Best business entity of Orkhon province

In 2019:

  • Top 100 companies in Mongolia
  • Top taxpayer organization in Mongolia
  • Member of the London Metal Exchange
  • 1st place - “Healthy and safe workplace organization - 2019” competition

In 2020:

  • Top 100 companies in Mongolia

References[edit]

  1. "About Us". Achit Ikht LLC - Hydrometallurgical Plant. Achit-Ikht.mn. Retrieved 3 August 2021.
  2. "About Us". Achit Ikht LLC - Hydrometallurgical Plant. Achit-Ikht.mn. Retrieved 3 August 2021.
  3. "CATEGORY 5". lme.com. London Metal Exchange. Retrieved 3 August 2021.
  4. "Mongolia's largest copper cathode producer repays $24 million loan ahead of schedule". achit-ikht.mn. Achit-Ikht.mn. Retrieved 3 August 2021.
  5. "International Chemistry Olympiad". International Chemistry Olympiad Official. International Chemistry Olympiad. Retrieved 6 August 2021.
  6. "Achit Ikht LLC has paid its 11th quarterly dividends on its preferred shares on time". News.mn. News.mn. June 17, 2021. Retrieved 4 August 2021.


This article "Achit Ikht Hydrometallurgical Plant" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Achit Ikht Hydrometallurgical Plant. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.