Ulaanbaatar
Government Reports Operational Improvements at Erdenes Tavantolgoi Under Special Regime
Politics
Ulaanbaatar, September 11, 2025 /MONTSAME/. Under Government Resolution No. 26, dated July 9, 2025, a three-month special regime was imposed on Erdenes Tavantolgoi JSC. A team of Government Special Plenipotentiary Representatives was appointed to the company.
In the first half of this year, Erdenes
Tavantolgoi sold an average of 1.7 million tons of coal per month. After the
implementation of the special regime, this figure increased to 2.7 million tons
in July and August, representing a 1.6-fold rise compared to the previous
average. In August alone, 2.1 million tons of coal worth USD 116.6 million were
sold through 26 exchange auctions. Coal exports via the exchange reached
739,000 tons, doubling from the previous month. During this period, delivery
times for coal sales were reduced by two to three times as a result of
optimized transport operations. Of the 29 contracts signed in 2023 and 2024 but
left unimplemented, 11 have now been resolved and are being enforced.
In accordance with Government Resolution No. 26 of 2025 and the directives issued during the Prime Minister’s on-site visit to the Erdenes Tavantolgoi mine, a comprehensive plan has been adopted and is currently being implemented. This plan covers four key areas: mining, transport, sales, and overall operations. According to Byambasuren Urgamal, Head of the Government’s Special Representatives’ Team at Erdenes Tavantolgoi and Deputy Chief of the Cabinet Secretariat, the improved performance during the first two months of the special regime indicates that the initial issues that prompted the imposition of special measures are largely being addressed. Compared to previous levels, monthly average coal sales rose by 1.6 times, transport of coal sold through exchange contracts increased by 1.5 times, exports grew by 1.2 times, revenue improved by 1.3 times, and coal extraction went up by 1.1 times.
Following the presentation on the implementation, activities, and outcomes of the special regime during the Cabinet session on September 10, 2025, Head of the Government’s Special Representatives’ Team Byambasuren was instructed to intensify negotiations with buyers who had purchased coal at high prices through the exchange but have since suspended loading operations and failed to fulfill their contractual obligations. He was also directed to increase exchange-based trading and loading volumes, stabilize ongoing projects and programs initiated by Erdenes Tavantolgoi, and take the necessary measures to ensure the company’s continued and stable operations.
