Golomt Bank finances export of Erdenes Tavantolgoi coal

Aug 10 • Banking, Mining, News • 688 Views • No Comments on Golomt Bank finances export of Erdenes Tavantolgoi coal

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Erdenes Tavantolgoi LLC last week exported its first shipment of coal from Zuun Tsankhi of Tavantolgoi deposit mine to Chalco in China. Golomt Bank has provided MNT30 billion to Erdenes MGL, the parent company of Erdenes Tavantolgoi, to cover the expenses of first exports of coking coal to China. This shows that domestic banks’ financial ability has risen compared to a few years ago. This occasion gives value  to the 536 shares of each person.

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