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Mongolia Receives Up to $1 Billion in Bids for Borteeg Coal Deposit www.montsame.mn
Mongolia plans to bring the Borteeg deposit – part of Erdenes Tavan Tolgoi JSC Coking coal deposit in Umnugobi with over 424 million tonnes of reserves – into economic circulation and to cooperate through investment. In January, government of Mongolia was planning to take investment proposals for the deposit. Since March 23, seven domestic and foreign companies and consortia have submitted investment proposals for Mongolia's Borteeg deposit, with advance payment offers ranging from $500 million to $1 billion, officials said on March 30.
The submitted proposals will be evaluated by a working group led by Deputy Prime Minister and Minister of Economy and Development Enkhbayar Jadamba. Candidates scoring 700 points or higher will be eligible for selection, with up to three participants invited to enter into cooperation agreements.
The working group will assess proposals based on financial and economic returns, project implementation experience, and comprehensive development plans for the deposit, before presenting its recommendation to the Government.
The Government of Mongolia earlier issued an open call to the international investment community to bring the Borteeg deposit into economic circulation through partnership.
Published Date:2026-03-30
