Natural Stone

What Natural Stone does

Natural Stone LLC (DBA Nstone) is a privately held Mongolian industrial and construction supplies distributor headquartered in Ulaanbaatar. Founded in 2008, the company originally focused on industrial supplies for the exploration and mining sector, and in 2013 expanded into specialty construction materials via its Cartel construction supply division. The mining division distributes drilling products, exploration tools, and geotechnical equipment, and provides technical support, training, supply chain optimization, and installation/commissioning services. The construction division distributes bathroom fixtures (toilets, bidets, basins, vanities, shower systems, saunas, steam rooms), tiles, WPC boards, wallpaper, mouldings, and other finishing materials to construction companies and, via its website, to SMB and individual buyers.

The company's core technology is not proprietary; its differentiation rests on long-standing sole distributor rights in Mongolia for Global Drilling Products (GDP) Singapore and 2iC Australia, the latter including the EZY-MARK™ core orientation system for exploration drilling. Revenue is generated through direct enterprise sales to a small set of major Mongolian mining operators (Oyu Tolgoi LLC, Erdenet Mining LLC, Thiess Mongolia LLC) and construction firms (Khurd, Wizard, Sipoko Construction), supplemented by technical services and construction-product e-commerce inquiry flows. The supply base spans an international network of partners across Australia, Singapore, China, and the UK.

The business model is a traditional industrial distribution markup on hardware sales, combined with services revenue from technical support, training, and installation. Pricing is not publicly disclosed and the construction division uses inquiry-based quote selling. The company operates from a single Ulaanbaatar office, is structured as an LLC with no disclosed investors or parent, and has no public financial reporting.

Name

Natural Stone

Legal name

Natural Stone LLC

Website

https://nstone.mn

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

Natural Stone LLC is a Ulaanbaatar-based industrial distributor operating two divisions: a mining supplies division serving Mongolia's largest mining enterprises, and a Cartel construction materials division distributing specialty building products to construction firms and SMB buyers.

Ownership category

akta.pro rank

Product category

Industrial Distribution (Mining & Construction Supplies)

NAICS

Mining Machinery and Equipment Manufacturing (333131)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Wholesale-Construction & Mining (No Petro) Machinery & Equip (5082)

akta.pro primary industry

Drill Tools, Bits & Downhole Equipment (IMAHAMAB)

akta.pro secondary industry

Conveying, Hoisting & Materials Handling Systems (Conveyors, Stackers/Reclaimers, Winches) (IMAKANAE)

Keywords

• Mining equipment distribution
• Construction materials supply
• Industrial drilling supplies
• Exploration equipment
• Building materials distribution

Headquarters

HQ city

Ulaanbaatar

HQ country

Mongolia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Mining Industrial Supplies Distribution: Distribution of specialized mining and exploration equipment and supplies to Mongolia's leading mining companies. Revenue generated through product sales, technical support services, and supply chain optimization services.
2. Construction Materials Supply: Distribution of construction supplies including windows, tiles, electrical equipment, furniture, flooring materials, and building materials to construction companies.
3. Technical Services: Technical support services, training, and installation and commissioning services for industrial equipment.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels1 record

Core offering

Natural Stone LLC distributes specialized mining, drilling, and exploration equipment and supplies to Mongolia's leading mining companies, holding sole distribution rights in Mongolia for Global Drilling Products (GDP) and 2iC products (including the EZY-MARK™ core orientation system) since 2011. The company also operates a construction materials supply division (Cartel construction supply, founded 2013) distributing specialty building products such as bathroom fixtures, tiles, WPC boards, wallpaper, and moulding to construction firms.

Product overview

Natural Stone LLC operates as a dual-segment supplier with two distinct divisions. The Construction Supply division (operating as Cartel construction supply, founded in 2013) distributes specialty building materials including bathroom fixtures (toilets, bidets, basins, vanities, cabinets), bathroom accessories (kitchen faucets, shower heads), wellness products (spa baths, steam rooms, saunas), and finishing materials (WPC boards, wallpaper, moulding, tiles, and flooring). The Mining Industry division (established 2008) provides industrial supplies for exploration industries, along with technical support services, supply chain optimization, technical training, and installation and commissioning services. The company serves Mongolia's leading construction and mining companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Mining Industrial Supplies Specialized industrial supplies for exploration, drilling, and mining operations, distributed as the sole Mongolian distributor for Global Drilling Products (GDP) and 2iC products since 2011.
• Technical Support Services Technical support services for mining and exploration operations and equipment.
• Supply Chain and Inventory Optimization Supply chain management and inventory optimization services for mining and industrial supplies distribution.
• Technical Training Services Technical training services for mining and exploration personnel on equipment use and best practices.
• Installation and Commissioning Installation and commissioning services for mining and exploration equipment.
• Toilets & Bidets Toilets and bidets for residential and commercial bathrooms.
• Basins Basins for bathrooms and wash areas.
• Kitchen Faucets Kitchen faucets for residential and commercial kitchens.
• Bathroom Vanities & Cabinets Vanities and cabinets for bathroom storage and aesthetics.
• Shower Heads, Faucets & Accessories Shower heads, faucets, and related accessories for bathrooms.
• Spa Baths Spa bath units for luxury bathroom installations.
• Steam Room Steam room installations for residential and commercial use.
• Sauna Sauna units for wellness and relaxation facilities.
• Tile & Tile Flooring Tiles and tile flooring for bathrooms, kitchens, and other spaces.
• WPC Boards Wood Plastic Composite boards for construction and flooring applications.
• Wallpaper Decorative wall coverings for interior spaces.
• Moulding Architectural moulding for interior trim and decorative applications.

Named customers6 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• Global Drilling Products (GDP) SingaporecoreChannel Partner/ Reseller/ DistributorSole distributor for Global Drilling Products (GDP) products in Mongolia since 2011. GDP is a globally recognized provider of drilling equipment and products for exploration industries.
• 2iC AustraliacoreChannel Partner/ Reseller/ DistributorSole distributor for 2iC products in Mongolia since 2011. 2iC is renowned globally for innovations in exploration drilling, mining, construction and geotechnical engineering, including the EZY-MARK™ system.
• Minpac Logistics AustraliaminorChannel Partner/ Reseller/ DistributorAustralian logistics partner providing supply chain and inventory optimization services for mining and industrial supplies distribution.
• Wuxi Crown ChinaminorChannel Partner/ Reseller/ DistributorChinese manufacturing partner supplying industrial equipment and products for mining operations in Mongolia.
• Wangyu Trading ChinaminorChannel Partner/ Reseller/ DistributorChinese trading partner providing sourcing and supply chain services for construction and mining materials.
• AKM Fabrication UKminorChannel Partner/ Reseller/ DistributorUK-based fabrication partner supplying specialized equipment and products for mining and construction applications.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Major Drilling Group International: Global specialty drilling contractor and supplier to the mining industry with deep exposure to base and precious metals. Comparable as a drill-focused supplier to large mining customers; useful analogue for the customer base Nstone serves.
• Boart Longyear: Global provider of drilling services, products, and equipment for the mining industry. Directly comparable as a drilling-products supplier; one of the most logical principal or competitive analogues to the GDP and 2iC brands Nstone distributes.

Broad incumbents

• Epiroc: Global manufacturer of mining and infrastructure equipment, including drilling rigs, consumables, and rock excavation tools. Comparable as the upstream supplier of the kind of equipment Nstone distributes in Mongolia.
• Sandvik Mining and Rock Solutions: Division of Sandvik producing underground and surface mining equipment, including drilling tools and consumables. Serves the same mining customer base and competes for share-of-wallet with the GDP and 2iC lines Nstone carries.
• Caterpillar - Cat® Mining: Global heavy-equipment manufacturer with a mining segment covering drill rigs, underground loaders, and material-handling machinery. Comparable as a manufacturer of the equipment categories Nstone distributes and as an industry-wide incumbent to Mongolia's mining operators.

Emerging players

• Perenti (formerly Ausdrill): Australian-based mining services group providing drilling, contract mining, and equipment supply. Comparable through its drilling consumables and equipment-supply segment that serves gold and base-metal miners similar to Nstone's Mongolian customer set.
• Forterra plc: UK-listed supplier of specialist products and consumables to the mining industry. Comparable as a focused mining-consumables distributor with branded product lines and recurring-revenue characteristics analogous to the EZY-MARK offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/natural-stone-llc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Natural Stone