Last Saturday (20th June 2015) the Erdenet plant officially launched an extension which increases its capacity by 24%. This is the first extension of such as scale in its whole 37 years history. President Ts.Elbegdorj, Mongolian First Deputy President P.Ochirbat, Russian Ambassador I.K.Azizov, and the Belarusian Ambassador H.E.Stanislav participated in the ceremony. The extension means that the annual amount of ore for export will be 32 million ton instead of 26 million; and the volume of pure copper will increase from 19000 to 26000 tons. Also the tax revenue from is expected to increase by MNT 73 billion, thereby, reaching MNT 530 billion.