The cabinet decided to submit the draft resolution to extend the period of the special regime imposed on Erdenes Tavan Tolgoi JSC for six months to the Parliament. On October 26, 2022, the cabinet established a six-month special regime on Erdenes Tavan Tolgoi JSC, appointing the Government representative for the company.Despite the improvement in the company's financial situation and increased inflow of foreign currency since the establishment of the special regime, the government believes that Erdenes Tavantolgoi JSC should be a company that meets international standards.
During the last six months;
The company mined 10.2 million tons of coal, sold 13.0 million tons of coal, earned 4.3 trillion MNT, and paid 1.5 trillion in taxes to the state budget.
Erdenes Mongol LLC sold 416,000 tons of coal for USD 53.9 million in seven trades through the Mongolian Stock Exchange, increasing the company's income by 20.9 million US dollars.
Erdenes Mongol LLC improved the organization of coal transport and supported the operations of transport companies, increasing the amount of taxes paid to the state budget.
Erdenes Mongol LLC reduced the company's debt burden and increased profitability.
Erdenes Mongol LLC disclosed its confidential contracts by the government's decree, ensuring transparent operation.
