Cabinet discusses preparation for Erdenes Tavantolgoi IPO

The American Chamber of Commerce in Mongolia

2018-08-09 15:20 GMT+8

On August 8, Cabinet appointed the Ministry of Mining, Infrastructure and Heavy Industry along with the Government Agency for Policy Coordination on State Property as the designated institutions with rights to state ownership of Erdenes Tavantolgoi (ETT) JSC.

Currently, officials are working on preparations to trade 30 percent of ETT shares on domestic and international stock exchanges. As there arose the need to collaborate with a contractor with high expertise, specialized skills and advanced technology in the field, Cabinet instructed relevant officials to take an immediate action on this matter.      

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