Public Hearing on Coal Theft Allegations to be Organized

2022-12-08 11:22:59

Ulaanbaatar /MONTSAME/. The Standing Committee on Economy of the State Great Khural will organize a public hearing on the issues of coal shipment and export on December 21.

The public hearing will be held on the following topics:

  1. Offtake agreements established by “Erdenes Tavantolgoi” JSC that included payment terms of making payments by mineral resources and raw materials and were made in advance and already used;
  2. The enterprises that mined coking coal in the country and the amount of the output;
  3. The enterprises that transported coking coal and their revenue;
  4. Detailed information on the coking coal exported through all border checkpoints of Mongolia.

The hearing will also include the following:

  • The issues of the excessive difference between the cost of coking coal on the international market, Mongolia’s export price, and China’s price;
  • Whether the difference creates the conditions for corruption and tax evasion by certain persons in both countries;
  • How and how much funding was mobilized for the Tavantolgoi-Zunbayan and Tavantolgoi-Gashuunsuhait railway construction projects by the “Erdenes Tavantolgoi” JSC;
  • The cost of building each 1 km of these railways.

The public hearing will be chaired by Member of the State Great Khural S. Chinzorig.