ERDENES TT TO DISTRIBUTE MNT 199 BILLION IN DIVIDENDS

‘Erdenes Tavan Tolgoi’ (ETT) held a press conference earlier today (27 April) regarding dividends from the revenue of 2019.

The mining giant will distribute dividends totaling MNT 199 billion 736 million to over 2.5 million Mongolian nationals who own 18.5 percent of the total shares. The distribution is due to start on 1 May.

Despite the fact that the country is in advanced emergency readiness in prevention of COVID-19 pandemic, the mining company is operating normally. The company extracted 45.2 thousand tonnes of coal, transported 38.2 thousand and exported 49.5 thousand last week; the represents an increase of 15 thousand tonnes of coal extraction and 10 thousand tonnes of exports on the previous week.

Source: https://news.mn/en/792086/