The world-class large coal mine in Mongolia begins to distribute dividends: A balance dividend of "Erdenes Tavan Tolgoi" in 2024 will be distributed to citizens this month.
Report of Mongol-Tel on Ulaanbaatar April 3rd - According to the annual performance of "Erdenes Tavan Tolgoi" Joint Stock Company, a proper proportion of the total net profit calculated based on the net profit of 2024 will be distributed to citizens in the form of dividends according to law. According to the resolution of the company's board of directors, it is decided to distribute a dividend of 350,000 tugriks in three installments to citizens holding 1,072 shares from the net profit of 2024, and the third installment of the dividend will be distributed this month. After deducting personal income tax, a dividend of 93,500 tugriks, totaling 3,080 billion tugriks, will be distributed to citizens and enterprises.
By the end of 2024, the "Erdenes Tavan Tolgoi" Joint Stock Company has mined 30,400 tons of coal, sold 29.6 million tons of coal worth $3 billion, and coordinated 35 trillion tugriks into the state budget.
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