Erdenes Tavan Tolgoi (ETT) JSC has been exported 22.6 tons of coal since the coal export resumed. The Head of Public Relations Manager of ETT said, “Even though our country follows the government measures in connection with COVID-2019 prevention, the company operates normally. ETT has extracted approximately 2.2 tons of coal, loaded 2.1 tons of coal and exported nearly 800,000 tons of coal during the period from January 1st to March. However, coal price dropped and the risk was estimated previously. ”Moreover, the Mongolian Central Securities Depository (MCSD), Financial Regulatory Commission (FRC) and the State Bank, as well as the Customs, Taxation and Financial Information Technology Center will be involved in organizing efficient work regarding dividends distributing from May. ETT will distribute a total of MNT 1 trillion dividends from the beginning of May. Of these, 85 percent or MNT 199.7 million will be allocated to ETT shareholders and entities. In addition, the company has signed an agreement to cooperate with 30 broker-dealers who want to use the ETT application and open a stock account.

Published Date:2020-04-02