Government Orders Full Review of Erdenes Tavantolgoi JSC Contracts

🔍 The Government of Mongolia has decided to conduct a comprehensive review and audit of Erdenes Tavantolgoi JSC’s operations, including a contract-by-contract examination of all agreements signed by the company.

⚖️ Each contract will be assessed for compliance and fulfillment. Should any violations or illegal actions be identified, the matters will be referred to the appropriate law enforcement authorities.

🚛 This decision follows major disruptions at the company’s coal loading terminals and a severe shortfall in its 2025 export target. Although the company aimed to export 10 million tons of coal in the first half of the year, only 145,000 tons were actually shipped.

🛡️ As part of the government’s intervention, a three-month Special Oversight Regime has been imposed, and a Council of Authorized Representatives has been established to supervise the company. Preliminary estimates from the council suggest that, if reforms are implemented effectively, the company’s revenue could increase by 23%, and coal exports by 13%.

Photo source: tavantoilgoi.mn