Deal #4697

Location #1

Spatial accuracy level
Exact location
Location
Tushig, Mongolia

Latitude
50.320278
Longitude
105.04305599999998
Target country
Mongolia
Comment on location
Tushig soum of Selenge province.

Location #2

Spatial accuracy level
Administrative region
Location
Selenge, Mongolia

Target country
Mongolia
Comment on location
Tsagaan nuur soum of Selenge province.

Location #3

Spatial accuracy level
Administrative region
Location
Khongor, Mongolia

Target country
Mongolia
Comment on location
Khorgor soum of Darkhan Uul province.

Location #4

Spatial accuracy level
Administrative region
Location
Altanbulag, Mongolia

Target country
Mongolia

Location #5

Spatial accuracy level
Administrative region
Location
Khushaat, Mongolia

Target country
Mongolia

Location #6

Spatial accuracy level
Administrative region
Location
Yeruu, Mongolia

Target country
Mongolia

Location #7

Spatial accuracy level
Administrative region
Location
Saikhan, Mongolia

Target country
Mongolia

Location #8

Spatial accuracy level
Administrative region
Location
Shaamar, Mongolia

Target country
Mongolia

Land area

Intended size (in ha)
50000
Size under contract (leased or purchased area, in ha)
[2003] 50000
Size in operation (production, in ha)
46000
Comment on land area
Total area in operation is 46000 ha.

Intention of investment

Intention of investment
Food crops, Livestock
Comment on intention of investment
The company implements intensive business in agriculture and livestock sector.

Nature of the deal

Nature of the deal
Lease

Implementation status

Implementation status
[2003] In operation (production)
Comment on implementation status
Since 2003 Gatsuurt company started to harvest their first crops.

Number of domestic jobs created

Jobs created (domestic)
Yes
Planned daily/seasonal workers (domestic)
150
Comment on jobs created (domestic)
Only in livestock sector 150 people work as of 2008.

Operating company

Operating company
Comment on investment chain
It's one of the multi sectoral private company of Mongolia. It has business in mining, agricultur, livestock, TV media, hotel.

 

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Data source #1

Data source type
Company sources
File

Data source #2

Data source type
Media report
File

Data source #3

Data source type
Company sources
File
Comment on data source
accessed: 2016-06-20

Promised benefits for local communities

Promised benefits for local communities
Health
Education
Productive infrastructure (e.g. irrigation, tractors, machinery...)
Roads
Capacity Building
Financial Support

Former land owner (not by constitution)

Former land owner
State

Former land cover

Former land cover
Cropland
Shrub land/Grassland (Rangeland)

Detailed crop, animal and mineral information

Crops area
Barley, Fodder Plants (unspecified), Grains (unspecified), Potatoes, Rye, Vegetables (unspecified), Wheat
Livestock area
Cattle, Dairy Cattle

Use of produce

Has domestic use
Yes

In country processing of produce

In country processing of produce
Yes

Water extraction envisaged

Water extraction envisaged
Yes
Comment on water extraction envisaged
2000 ha are irrigated

Overall comment

Overall comment
Gatsuurt is one of the national big companies in Mongolia. It was established in 1993 and since 2003 started business in agriculture and livestock sector. The company invested for this sector 10 billion MNT (Mongolian tugrik).

Land area

Intended size
50000

June 20, 2016, 9:42 p.m.

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June 10, 2016, 9:12 p.m.

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June 10, 2016, 9:09 p.m.

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