Editing Erdenet (section)

==History==
Erdenet, one of the youngest settlements in Mongolia, was founded in 1974<ref name="Michael Kohn p. 142">Michael Kohn: ''Mongolia'', p. 142, London (2008)<!-- ISSN/ISBN needed --></ref> in an area where large deposits of [[copper]] had been discovered in the 1950s. A single-track railway line with a length of {{cvt|120|km|0}} linking Erdenet to the [[Trans-Mongolian Railway]] was inaugurated in 1977.<ref>Werner Elstner: ''Mongolei'', p. 146, Berlin 1993</ref> In the middle of the 1980s, more than 50% of the inhabitants were Russians working as engineers or miners. After the fall of Soviet Communism in 1990, however, most Russians left Erdenet. Today, about 10% of the population is Russian.<ref name="Michael Kohn p. 142"/>

=== Erdenet Mining Corporation ===
{{Main|Erdenet Mining Corporation}}
The Erdenet Mining Corporation is a joint Mongolian-Russian venture, and accounts for a majority of Mongolia's [[hard currency]] income. Erdenet mines 22.23 million tons of ore per year, producing 126,700 tons of copper and 1,954 tons of molybdenum.<ref>Montsame News Agency. ''Mongolia'' (2006), Foreign Service Office of [[Montsame News Agency]], {{ISBN|99929-0-627-8}}, pg. 80</ref> The mine accounts for 13.5% of Mongolia's GDP and 7% of tax revenue.<ref>Montsame News Agency. ''Mongolia'' (2006), Foreign Service Office of [[Montsame News Agency]]; {{ISBN|99929-0-627-8}}, pg. 83</ref> About 8,000 people are employed in the mine.<ref>Michael Kohn: ''Mongolia'', p. 143, London (2008)<!-- ISSN/ISBN needed --></ref>