Erdenebilguun Gan-Och, Manager, Investment & Foreign Relations Department, Bulgan Alt Group, Altain Khuder Mongolian Mining Company

2. Mongolia Investment Summit 2010
Altain Khuder is a Mongolian registered mining and mineral
exploration company established in November 2006
Export iron ore products to steel mills in China
Owns the iron ore project: TAYAN NUUR
Located in the Gobi Altai province of Mongolia

3. Preparation of mine operation commenced
15 year long term agreement with Baosteel signed
Trial export of iron ore lumps to Baosteel commenced
JORC Compliant Resource Statement by Micromine
Construction of 2nd and 3rd processing line initiated
15 year long term agreement with JISCO
2-4Mtpa collective iron ore off-take agreement with customers in 2011
July 2008
August 2008
April 2009
September 2009
July 2010
August 2010
September 2010

4. Urumqi

5. Mongolia Investment Summit 2010
Initial development
1Mtpa crushing, 500,000
tonnes 61-63% Fe fine iron ore
Dry magnetic separation
technology
Current development
(2010-2011):
4-8mtpa crushing
2-4mtpa iron ore fine
production
Future (2012 onward):
8mtpa fine production (dry
separation)
2mtpa fine production (wet
beneficiation)
2mtpa pellet production facility
Beneficiation engineer O.TuvshintugsBeneficiation engineer O.TuvshintugsBeneficiation engineer O.TuvshintugsBeneficiation engineer O.Tuvshintugs
Terex lineTerex lineTerex lineTerex line
New beneficiation line underNew beneficiation line underNew beneficiation line underNew beneficiation line under
constructionconstructionconstructionconstruction
New beneficiation line underNew beneficiation line underNew beneficiation line underNew beneficiation line under
constructionconstructionconstructionconstruction

6. Mongolia Investment Summit 2010
Current state:
88 hauling trucks additional 50
trucks
Transportation is the largest portion
of our production cost but we can
reduce it with infrastructural
development
Future development:
Transportation for up to 8mtpa iron
ore fine
Obtain trucks with over 60 ton
capacity
Railway construction under review
(feasibility study completed)
Trucks loaded with iron ore fineTrucks loaded with iron ore fineTrucks loaded with iron ore fineTrucks loaded with iron ore fine
Trucks delivering the product to the borderTrucks delivering the product to the borderTrucks delivering the product to the borderTrucks delivering the product to the border

7. Mongolia Investment Summit 2010
Current state:
Road construction company
170km gravel road suitable for over
85 ton load transportation – 2009-
2010
Future development:
Cover 50-70% of the road with
asphalt - 2011
Complete the asphalt road – 2012
-----------------------------------------------
50mW power plant based on
Khuren Gol deposit – 2012(onward)
Airport at the mine site – 2011

8. Mongolia Investment Summit 2010
Works completed:
Relocated and rebuild the
Burgastai customs office closer
to the Mongolian-Chinese border
Construction of a storage field
for iron ore fine: 250,000 tonnes
Complete security solution
Prospective :
Camp for company employees,
customs officials
Maintenance shop
Fuel station
Landscaping
Storage field at the boarder point

9. Past development:
Residence hall for 500 residents with
full facilities
Wireless and wired internet
connection, cellular network
All employees use card registration
system (in progress)
Current development:
Office building – 1500m2
Maintenance workshop – 3940m2
Complete security solution
New office buildingNew office buildingNew office buildingNew office building
New maintenance workshopNew maintenance workshopNew maintenance workshopNew maintenance workshop WorkshopWorkshopWorkshopWorkshop

10. Mongolia Investment Summit 2010
Altain Khuder values the importance of
having a strong executive and operations
management team with extensive global
experience in the mining industry.
The Company hired qualified candidates
from the U.S., Canada, Australia, Brazil
and the Philippines to fill the positions of
Director of HR, CFO, COO, Chief Safety
Engineer, Chief Maintenance Engineer,
Mine Engineers, Exporting Manager and
Camp Manager.

11. Mongolia Investment Summit 2010
Regional DevelopmentRegional DevelopmentRegional DevelopmentRegional Development EmploymentEmploymentEmploymentEmployment HSEHSEHSEHSE
MNT97.5 millionMNT97.5 millionMNT97.5 millionMNT97.5 million worth
of education, culture
and health contribution
to Gobi Altai province
and Tseel soum
Over 19%19%19%19% of our
employees are local to
the region of the mine
Company employs
almost 780780780780 Mongolians
• Quality HSE policy
• In depth
environmental
assessment studies

12. Mongolia Investment Summit 2010
One of few iron ore mines in Mongolia
The only one in western Mongolia
Strategic location
Located closer to Mongolian-Chinese border than any other iron ore mine in
Mongolia
Low cost iron ore producer
Close proximity, high quality deposit and open cast mining
Long mine life
Potentially 20 years of mine life based on JORC resource estimate of 158
million tonnes
Strong customer base
Long term off-take agreement with major steel mills in China
Experienced management team
The company employs experienced senior expat professionals in many of its
management posts

13. Mongolia Investment Summit 2010
FieldFieldFieldField Amount /US$Amount /US$Amount /US$Amount /US$
million/million/million/million/
1 Asphalt road construction 70707070
2 Power Plant 82828282
3 Open cast mining equipments 78
4 Beneficiation plant expansion 75
5 Additional trucks for transportation 29
6 Border/Customs development 6.5
7 Mine camp expansion 7.3
8 Airport 4.7
9 Wet based beneficiation plant 55
10 Pellet plant 67
Total 474.5
Recent highlights
Seeking to raise US$100 million
financing through a private bond
issuance to ramp up production
level up to 2Mtpa
Preparing for a listing on Hong
Kong Stock Exchange within 2011

14. Mongolia Investment Summit 2010
Erdenebilguun Gan-Och
erdenebilguun@tayan-nuur.com
www.tayan-nuur.com