Cabinet discusses ETT shares and reducing fuel prices

The American Chamber of Commerce in Mongolia

2018-08-31 10:59 GMT+8

During Cabinet’s regular session on August 29, Minister of Mining, Infrastructure and Heavy Industry D.Sumiyabazar presented several issues, including the issuing of an Erdenes Tavan Tolgoi IPO and rising fuel prices.

A working group formed by the Ministry of Mining and Erdenes Tavan Tolgoi has completed preparations for offering up to 30 percent of the company's shares on both local and international stock exchanges. In response to rising fuel prices, Cabinet discussed regulating prices through tax measures after holding talks with fuel importers and negotiating with the International Monetary Fund.      

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