PRIME MINISTER URGES MINING COMPANIES TO AGREE ON COAL PRICES

Prime Minister J.Erdenebat gave a concrete task for a certain period of time to the companies, operating Tavantolgoi mine, reports the Premier’s spokesperson G.Otgonbayar. The head of government insisted the companies to reach an agreement for the common goal of protecting the “Mongolian Coal” brand name, otherwise the Government will intervene.

The Erdenes Tavantolgoi, the Energy Resource and the Tavantolgoi are operating coal mines. The PM noted, regardless who is operating the mine, the Tavantolgoi coal is a property of the Mongolian people. However, the coal industry has been going unprofitable over the past several years due to the series of attempts by the three companies to drag each other’s prices down, he said.

He gave a serious warning to the companies that the Government might consider a price arrangement  on the stable commercialization of the Tavantolgoi coal.

Source:http://en.montsame.mn/politics/prime-minister-urges-mining-companies-agree-coal-price