The Government has approved a resolution to restructure and dissolve legal entities under the Erdenes Mongol group to optimize its organizational structure, reduce costs, and improve efficiency.

Under the resolution, Chinggis Khaan National Wealth Fund and Erdenes Methane LLC have been merged into Erdenes Mongol LLC.

The Government also approved the merger of Khutul Energy Dulaan LLC into Cement Shokhoi LLC, and Shivee Service LLC into Shivee Ovoo JSC. In addition, Copper Processing Complex LLC, Darkhan Steel LLC, and Baganuur-Ilch LLC have been dissolved.

A decision was also made to liquidate several joint-investment companies operating under the Erdenes Mongol group, including Erdenet Oil LLC, Mongolian Mineral Exchange LLC, Erdenes Shivee Energy LLC, Shim Technology LLC, Central Asian Uranium LLC, Gashuunsukhait Railway LLC, and Zuukherd LLC.

Prime Minister Uchral Nyam-Osor stated that the reform of state-owned enterprises and the dissolution of 14 companies have eliminated 260 overlapping positions, reduced administrative costs by 10% and rental expenses by 30%, generating savings of MNT 67.3 billion. He emphasized that the restructuring creates the conditions necessary for Erdenes Mongol to fulfill the functions assigned under the National Wealth Fund Law.

The resolution also renames Erdenes Mongol LLC as Chinggis Khaan Wealth Fund Group LLC, while the state-owned enterprise Erdenes Critical Minerals is renamed Mongolrostsvetmet.

Officials said the restructuring will improve coordination within the group, eliminate overlapping functions, optimize the use of financial and human resources, strengthen governance, oversight, accountability, and transparency in state-owned enterprises, and increase revenues channeled into the National Wealth Fund.

Published Date:2026-06-17