The Government plans to take certain actions to improve economic efficiency of Tavan Tolgoi mine and to establish necessary infrastructure.

In order to raise the required investment, up to 30 percent of the total shares of Erdenes Tavan Tolgoi JSC will be traded in foreign and domestic stock exchanges. Moreover the Cabinet approved to immediately start construction projects of special purpose roads in routes of Tavantolgoi-Gashuunsukhait, Tavantolgoi-Zuunbayan, Tavantolgoi-Oyutolgoi-Khangi and railways in route Tavantolgoi-Gashuunsukhait, Tavantolgoi-Zuunbayan.
 
It is also planned to hold negotiations with the neighbor countries on transit transportation, down payment, port usage, infrastructure development, investment and sales conditions and to build the deposit-based power plant.
 
The Cabinet decided to submit a Parliamentary resolution draft, which reflected these issues to Parliament immediately.
 
In this way, the policy and legal environment for the development of Tavan Tolgoi coal deposit will be established. The Government believes, consequently it will lead to increase of the economic benefits of the deposit and the price growth of the shares owned by citizens, competitiveness growth by producing value added products and selling them on the international market, and infrastructure development.

Source: Montsame.mn