During the past three decades,Mongolia has risen to rank as the fourth largest world supplier of fluorspar concentrates By far the largest producer in the country is the joint Mongolian-Russian state-owned mining and processing company Mongolrostvetmet-best known as Monros-which accounts for 90% of national output After several tough trading years,Monros is currently enjoying a period of comparatively strong global prices for its primary products,and is taking this opportunity of improved cash flow to modernise its facilities as part of an overall programme to make the company more competitive internationally Monros is a limited-liability company whose shares are held 51 % by the Mongolian State Property Committee and 49% by a counterpart body of the Russian Federation
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