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Erdenet Corporation declared as public company www.montsame.mn
Ulaanbaatar /MONTSAME/ Erdenet Mining Corporation is becoming a public company, as declared by the Government.
In its regular meeting on January 10, the Cabinet made this decision to make some shares of the company owned by citizens. Ministers G.Zandanshatar, Ch.Khurelbaatar, D.Sumiyabazar and Head of Government Agency for Policy Coordination on State Property were assigned to make EMC LLC a public company and formulate a proposal on giving the company's shares to citizens. A procedure regarding how much from total shares would be given to citizens, conditions and terms of such handout and trade of the shares by citizens will be approved by the Cabinet.
Additionally, asset valuation of EMC will be conducted. The copper company produces 530 thousand tons of copper concentrate and 4.5 thousand tons of molybdenum concentrate, processing 26 million tons of ore.
O.Onon
Published Date:2018-01-11
