Erdenes Mongol introduced projects offering for investors.

Oyundelger 2019-08-23 05:08

Economy

At the Boao Forum for Asia Ulaanbaatar, Mr. Gankhuu, CEO of Erdenes Mongol LLC presented about the company’s projects with high social and economic benefits as well as partnership business opportuniti

At the Boao Forum for Asia Ulaanbaatar, Mr. Gankhuu, CEO of Erdenes Mongol LLC presented about the company’s projects with high social and economic benefits as well as partnership business opportunities for local and foreign investors. The Erdenes Mongol LLC is engaged in activities to exploit major strategic mineral deposits and to create value-added products of infrastructure, energy, transportation, and logistics. For instance, the company is working on a coal and renewable energy project “Shivee Energy” to produce energy with brown coal and export to China and other  Northeast Asian countries.  A subsidiary company Erdenes Steel LLC also carries out a project to produce 300 thousand tons of steel and 500 thousand tons of coke with a Chinese company. The Government of Mongolia gave the company a direction to represent Mongolia in major regional cooperation projects. In addition, the company is offering another project to produce electricity from methane gas, which is found in the Tavan Tolgoi deposit, in order to solve air pollution issues.