Erdenes Tavan Tolgoi JSC Administration to Be Selected through Open International Bidding

Ulaanbaatar, September 26, 2024 /MONTSAME/. During its regular session on September 25, 2024, the Cabinet of Mongolia approved the Resolution on Measures for “Erdenes Tavan Tolgoi” (ETT) JSC. 

Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai tasked the Cabinet Members to improve “Erdenes Tavan Tolgoi” JSC’s corporate governance and increase its profit and value.

Head of the Cabinet Secretariat of Mongolia Uchral Nyam-Osor and the Administration and Board of Directors of “Erdenes Mongol” LLC and “Erdenes Tavan Tolgoi” JSC were tasked with the following tasks:

• To improve ETT’s corporate governance and increase its profit and value based on international experience, 
• To undertake measures to launch an open international bid to select the management team and report on the results,
• To receive consultation from international organizations during the selection process of the bid.