Ulaanbaatar
Preparations Underway to List Erdenes Tavantolgoi on Stock Exchange
Politics
Ulaanbaatar, November 5, 2025 /MONTSAME/. As part of preparations to transform Erdenes Tavantolgoi JSC into a publicly listed company and trade its shares on the stock exchange, the Government Media and Public Relations Department reported that the terms of reference for selecting an independent auditor to review the company’s operations over the past three years have been developed, and an open tender will be announced.
According to Parliament
Resolution No. 39 of 2010, up to 20 percent of Erdenes Tavantolgoi
JSC’s shares may be publicly traded, while Resolution No. 73 of 2018 raised
this limit to up to 30 percent for both domestic and international stock
exchanges.
The Government has repeatedly instructed relevant bodies to
advance the process of transforming Erdenes Tavantolgoi
into a public joint-stock company. In line with these directives, an
internationally recognized, independent auditing firm will conduct an audit of
the company as part of the phased preparations for public listing.
