Mongolia hopes to open up third-country markets in Japan, South Korea and India: Mongolian Prime Minister G. Zandanshatar inspects the world-class large coal mine Tavan Tolgoi in the South Gobi Province adjacent to China
Tuva, Ulaanbaatar, Feb 8th, Mongolia's Prime Minister G. Zandanshatar visited the "Erdene Tuvshin Tolaighai" joint-stock company's mining area on February 8th and checked the implementation status of the instructions and tasks issued last July.
At the same time, the Prime Minister attended the commissioning ceremony of the coal transport belt, crushing system and truck loading facilities of the coal washing plant and delivered a speech. With the full 12.6 km conveyor belt put into use, the coal washing plant is now capable of full-load operation. At the same time, dust generated during transportation has been reduced by 90%, and the risk of accidents and casualties related to truck transportation has been completely eliminated. In addition, it is possible to directly extract and export without sorting. The cost of transporting 10 million tons of coal by truck annually will be reduced by 78%, saving an average of 26.75 billion tugriks per year.
Prime Minister G. Zandanshatar requested the management of the "Erdene Tuvshin Tolaighai" joint-stock company to resolve 41 contracts that were hindered due to the decline in international coal prices. Of these, 37 have already been resolved, and a total of 4.2 million tons of coal have been sold through the "Mongolian Stock Exchange". At the same time, direct coal transportation and sales to end users in mainland China and major coal trading ports have been initiated. The company's management stated that in the future, they will focus on entering the third-party markets of Japan, South Korea, and India, reducing dependence on a few buyers and expanding the market scale.
The Prime Minister instructed that under the framework of improving corporate governance, enhancing transparency, and building an open company according to international standards, the selection of the executive management team and independent board members should be organized in an open and public participation manner. The international audit of the company's operations and financial statements for the past three years should be completed by the second quarter of this year, and a "Public Supervisory Committee" should be established under the board through open selection.
Additionally, the Prime Minister issued instructions to implement the resolution of the State Great Hural to include the Bort mine deposit in economic circulation, finally completing the feasibility study to achieve high-profit, long-term stable utilization of the deposit, and submitting the development and utilization plan of the deposit to the government. At the same time, he emphasized the need to standardize the company's investment, procurement and financial activities, avoid inefficient expenditures and procurement, strictly abide by financial discipline and accountability.
Original article: toutiao.com/article/1856776097435659/
Statement: This article represents the personal views of the author.