Erdenet mine released report of first quarter
Erdenet Mining Corporation, one of the largest copper mine has worked with a profit of MNT86.7 billion, paying tax of MNT135.5 billion in the first quarter of this year.
Erdenet mine released report of the first quarter. Erdenet Mining Corporation, one of the largest copper mine has worked with a profit of MNT86.7 billion, paying tax of MNT135.5 billion in the first quarter of this year. The Parliamentary Economic Standing Committee heard of the current situation and other issues related to the company. Some factors, including copper price in the world market and exchange rates have influenced to work in such profit, said the Company Director Kh.Badamsuren. ‘Mongolian Copper’ corporation filed a complaint with Chingeltei district administrative and civil court in connection with transferring 49 percent share of the company to state ownership. The court has suspended the decisions on changing the state registration certificate of the Erdenet Mining Corporation and releasing of members from the Board of Directors of the company.
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