“Erdenes Tavantolgoi” JSC Exports 108.1 Thousand Tons of Coal

2022-12-08 13:48:06

Ulaanbaatar /MONTSAME/. According to “Erdenes Tavantolgoi” JSC, 108,123 tons of coal were transported from the company’s deposit by 1052 vehicles between 00:00 and 24:00 on December 7. This is the highest performance of coal shipment in one day since the company was established.

It has been more than a month since the government appointed Special Plenipotentiary Representative to “Erdenes Tavantolgoi” JSC to make the company’s activities transparent and open and to make a plan to increase consignment and sales.

Special Representative J. Ganbat, appointed by the government at the company, announced that “Erdenes Tavantolgoi” JSC has sold 4.2 million tons of coal worth USD 369.5 million in the past. Thereof, 2.3 million tons of coal worth USD 205 million were sold last November, and 1.5 million tons of coal were exported through the Gashuunsukhait border checkpoint. The company sold USD 143 million to the Bank of Mongolia.

The company announced that it will collect the outstanding payments in a short period and no more offtake contracts will be made as it puts strain on the currency reserve of the country.