Companies·State holding
Erdenes Mongol LLC
State-owned
The state holding company, founded in 2007. It represents state ownership in strategic deposits and holds about 30 companies, including Erdenes Tavan Tolgoi and Erdenes Oyu Tolgoi. In May 2026 the cabinet decided to merge it with the national wealth fund into the Chinggis Khaan Sovereign Wealth Fund Corporation.
Owners
- State of Mongolia100%
- Sector
- State holding
- Mines and assets
- 67 mining and 17 exploration licences
- Products
- Coal, copper, iron, fluorspar (through its companies)
- Stock exchange
- Not listed
Key facts
| Measure | Value | Year |
|---|---|---|
| Share of the country's proven reserves held | 65% of copper, 55% of iron, 15% of fluorspar, 14% of coalGBR — interview with Erdenes Mongol's CEO (2024) ↗ | 2024 |
| Share of national export earnings | about 30%GBR — interview with Erdenes Mongol's CEO (2024) ↗ | 2024 |
| Net profit of group companies | MNT 5.6 trillionikon.mn — Erdenes Mongol group strategy progress (7 Feb 2025) ↗ | 2024 |
| Number of legal entities | cut from 42 to 31ikon.mn — Erdenes Mongol group strategy progress (7 Feb 2025) ↗ | 2025 |
| Restructuring | Merged with the national wealth fund into one corporationIFSWF Direct — June 2026 ↗ | 2026 |
How its money reaches citizens
By law, 34% of the dividends from its mining companies go to citizens' Savings Fund accounts.