HIGHLIGHTS OF “Erdenes Tavantolgoi” JSC IN 2019
1. FINANCED THE PROJECTS
“Erdenes-Tavantolgo”i JSC has invested 110 million USD for construction work of the railway Tavantolgoi-Zuunbayan, Tavantolgoi-Gashuun sukhait railroad. With the Tavantolgoi-Zuunbayan railroad, new exits will open in 4 directions and it is a beginning of a major construction works, flourish development along the road, possibilities of creating many jobs and supporting national economy.
2. 1 BILLION USD OF SALES REVENUE
Sales revenue of “Erdenes-Tavantolgoi” JSC reached USD 1 billion in end of 2019, making the highest revenue and pioneered state-owned companies in Mongolia, and it has become one of the major indicators of our work.
As of today, the company has exported 13,7 million tons of coal, generated 660 billion MNT to the state budget, earned a net profit of 1 trillion MNT. In 2019, we extracted 16.1 million tons of coal, which is exceeded 5 million tons compared with the same period last year..
3.CREATED 7,000 JOBS
“Erdenes Tavantolgoi Mining” LLC was established as a subsidiary of “Erdenes Tavantolgoi” JSC with a 100% investment in order to implement the Parliament Resolution. Now there are 7,000 of us together, the Erdenes, with new family members from “Erdenes Tavantolgoi Mining” LLC, “Tavantolgoi Tulsh” LLC and “Tavantolgoi Tumur zam” LLC.
4.EXTRACTED THE 60 MILLIONTH TON OF COAL
“Erdenes Tavantolgoi” JSC extracted 60 millionth ton of coal in October 2019. Also, in 2019, 75 million bank cubic meters were exploited, which is 134% higher than the same period of 2018.
5. THE “CITIZEN WITH SAVINGS AND STOCKS'' CAMPAIGN WAS SUCCESSFULLY ORGANIZED
Within the framework of implementing the Government Resolution, the “Citizen with Savings and Stocks'' campaign was successfully organized in 330 soums of 21 aimags until October and November 2019. During the campaign, we provided information and advice to 50,000 people with a total of 1,000 sessions.
6.INTRODUCED ISO STANDARD
We introduced ISO 9001:2015 Quality Management Systems, ISO 45001:2018 Occupational Health and Safety Management Systems and ISO 14001:2015 Environmental Management Systems and became the first one to do so in Mongolia.
7.INCREASED THE SALARY UP TO 25 PERCENT
We have been conducting a lot of work to solve the social problems of workers, and in 2019, according to the Collective Agreement, the basic salary of all employees has been increased up to 25%.
8.REDUCED AIR POLLUTION IN ULAANBAATAR
Within social responsibility, “Erdenes Tavantolgoi” JSC has been providing support to “Tavantolgoi Tulsh” LLC to reduce air pollution in Ulaanbaatar.
9.ORGANIZED A “MILLIONAIRE DRIVERS” CONTEST
Within social responsibility, “Erdenes Tavantolgoi” JSC has been providing support to transport companies and drivers in 2019, the company successfully organized a “Millionaire Drivers” contest with prize fund of 300 million MNT.
