Companies·Coal
Erdenes Tavan Tolgoi JSC
State-owned
The state company that mines most of the Tavan Tolgoi coking-coal deposit. The only major mine where citizens own shares directly.
Owners
- Erdenes Mongol (state)73.5%
- Citizens of Mongolia26.4%
- National enterprises0.06%
- Sector
- Coal
- Mines and assets
- Tavan Tolgoi, Tsogttsetsii soum, Umnugovi
- Products
- Coking and thermal coal
- Stock exchange
- Being prepared for a stock exchange listing
Rankings
#1
Largest taxpayers, 2024
Key facts
| Measure | Value | Year |
|---|---|---|
| Net profit | MNT 4.5 trillionikon.mn — ETT 2024 profit and dividend (21 Feb 2025) ↗ | 2024 |
| Net profit | about MNT 1.1 trillioniSee — ETT 2025 dividend (22 Feb 2026) ↗ | 2025 |
| Dividend from 2024 profit | MNT 3.9 trillion, about 1.1 trillion of it to citizensitoim.mn — Kh. Munkhjargal on the 2024 dividend (19 Feb 2025) ↗ | 2025 |
| Sales revenue, first half | MNT 2.5 trillionMongolian Mining Journal — ETT first half 2025 ↗ | 2025 |
| Taxes and fees, first half | MNT 742.2 billionMongolian Mining Journal — ETT first half 2025 ↗ | 2025 |
How its money reaches citizens
Two ways: citizens receive dividends on their 1,072 shares directly into their accounts, and 34% of the state's dividend goes to the Savings Fund. Its taxes go to the budget.
See the deposit ledger: Tavan Tolgoi →