"ERDENES-TAVANTOLGOI" JSC ALLOCATED 480 BILLION MNT TO THE STATE BUDGET

"ERDENES-TAVANTOLGOI" JSC ALLOCATED 480 BILLION MNT TO THE STATE BUDGET

07 Apr 2022 04:02
The Government made a decision on comprehensive development of the Tavan Tolgoi deposit and prepares for the IPO on international market. It is also planned to commence and continue major projects of railway, road and coal enrichment plant.
 
In 2019, “Erdenes-Tavantolgoi” plans to raise capital from international IPO for continuation of railway, road, coal washing plant, conveyor system and water supply projects, and start the construction of new town named after the company.
 
In addition, the company announced that it plans to increase its capacity up to 18 million tons, build new camps for its employees, office buildings, roads, school and kindergarten, acquire equipment for its own, implement “Green Gobi” project, expand briquette production plant, which will bring dramatic change in reducing Ulaanbaatar’s air pollution, establish center for coal truck drivers, plan and organize a number of activities to support all fields of business sector.
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Mongolia, Ulaanbaatar, Chingeltei district, 1st khoroo. Jigjidjav street-8 Financial center
Tsogttsetsii soum, Umnugovi aimag, Mongolia, Tsagaan-Ovoo bag, Branch of Erdenes Tavan Tolgoi JSC
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