ERDENES TAVAN TOLGOI EXPORTS 22.6 THOUSAND TONS OF COAL SINCE EXPORT RESUMPTION

Erdenes Tavan Tolgoi’ (ETT) JSC has exported 22.6 thousand tons of coal through Gashuunsukhait border checkpoint since the resumption of coal export, reported at the company’s regular press briefing.

“Despite the fact that the country is in the period of heightened state of readiness in prevention of COVID-19 pandemic, the company is operating normally. Since the beginning of the year, more than 2.2 million tons of coal have been extracted, 2.1 million tons have been loaded and around 800 thousand tons have been exported. Coal price is continuing to fall in the world market and we have considered this in advance and made a risk assessment,” said M.Amarbayar, Head of the Media and Public Relations Department of ETT.

One trillion dividends to be distributed to shareholders

"ETT" JSC will start distributing dividends starting from May 1, and the company is working to cooperate with government agencies and departments including Mongolian Central Securities Depository, the Financial Regulatory Commission, the State Bank, the Information Technology Center of Custom, Taxation and Finance to handle the distribution quickly and efficiently.

The total amount of dividends to be distributed in May is set to be MNT 1 trillion. Eighty-five percent of it or MNT 199 billion 700 million will be distributed to all shareholders of ETT JSC - citizens and entities.

The company have also signed cooperation agreements with about 30 broker-dealers who want to use the ETT application and open stock accounts.