“Erdenes Tavantolgoi” JSC’s highlights in July and August

“Erdenes Tavantolgoi” JSC is the largest coal exporter of Mongolia and owns 66% of “Tavantolgoi Railway” LLC and “Zuunbayan Railway” LLC, 30% of “Tavantolgoi Thermal Plant” LLC, and 40% of “Gashuunsukhait Autoroad” LLC. The company publicly announced the following highlights from its operation in July and August 2021.

In July, “Erdenes Tavantolgoi” JSC mined 232,841.48 tons of coal and sold 217,000 tons in July 2021. The company’s sales revenue reached MNT 836 billion and net profit amounted to MNT 89.5 billion in 2021H1.

The company successfully completed the exploration and mining plan 2022 in Tsankhi and Borteeg deposits.

They signed a financing agreement of the coal loading logistic center of Tavantolgoi deposit.

The construction of container transport for terminals was completed in August.

The Data of all holes at Tavantolgoi deposit was updated and prepared for the block model.

Within the scale of the work to introduce a cyclic flow conveyor system in the mine, preliminary FEED and Feasibility Study were produced.

The report of Preliminary FEED for Tavantolgoi coal concentrator was approved and the company received relevant materials on the matter.

Within the framework of social responsibility, the company donated MNT 150 million to the health project called “The heart will not forget”.

Source: news.zindaa.mn