“Erdenet” Mining Corporation working normally”

2015-10-28 16:49:15

Ulaanbaatar /MONTSAME/ The “Erdenet” Mining Corporation has issued a statement to refute some rumours that have been delivering by some media outlets. 

Copper prices have fallen in the world market causing some challenges, but the Corporation’s activities are running normally, the statement stresses. In times of difficulties, the Corporation has taken some measures for expanding the productions, augmenting profits and productivity under  economical regime. As a result, the Corporation has paid all taxes to the state, even the workers have received incentives, the statement goes on.

By the first nine months of this year, the “Erdenet” Mining Corporation has fulfilled its working plan, having paid taxes and social insurance commission of 219.5 billion Togrog. Moreover, it has saved some MNT 140 billion by reducing the copper ore processing expenses in the last two years.

"The so-called information about the Corporation's having deficit and its business's being on the razor edge are fraught with negative impact on the Corporation’s actions. We will have the legal body checked all this misleading information," the statement warns.