Highlights of the Cabinet Meeting on November 5
Government Decides to Conduct an International External Audit of Erdenes Tavantolgoi JSC
At its regular meeting held on November 5, the Cabinet decided to conduct an international external audit of Erdenes Tavantolgoi JSC as part of the preparatory work for publicly trading the company’s shares on the stock exchange. Relevant officials were instructed to promptly organize the audit of the company’s operations over the past three years by an internationally recognized, independent audit firm, and to reassess the external valuation company in accordance with established procedures.
Under Parliamentary Resolution No. 39 of 2010, up to 20 percent of the company’s shares, and under Resolution No. 73 of 2018, up to 30 percent of the shares were authorized for trading on both domestic and foreign stock exchanges.The Government has repeatedly emphasized the goal of transforming Erdenes Tavantolgoi into a public company. In line with this objective, preparatory activities are being carried out in phases, including the upcoming audit.
Erdenes Tavantolgoi JSC Publishes 581 Coal Sales Agreements Signed Over the Past 15 Years
The Cabinet also instructed officials to ensure the public disclosure of all coal purchase and sale agreements concluded by Erdenes Tavantolgoi JSC since 2010, in line with relevant laws and transparency standards. Between 2010 and 2025, the company concluded a total of 586 coal purchase and sale agreements, of which 581 have now been published on its official website.
