INVITATION FOR INVESTMENT AND COOPERATION IN THE BORTEEG SECTION OF THE TAVAN TOLGOI COAL DEPOSIT

2026-02-13

Dear Investor,

The Government of Mongolia, in accordance with the Law on the Sovereign Wealth Fund and Resolution No. 103 of the State Great Hural (Parliament of Mongolia) passed in 2025, is aiming to ensure intergenerational equity for the people of Mongolia and to promote the efficient long-term utilization of the deposit.

The Borteeg section contains semi-soft coking coal resources of the Tavan Tolgoi coal deposits located in Tsogttsetsii soum (sub-province), South Gobi province (aimag). “Erdenes Tavantolgoi” JSC hereby invites qualified investors to submit proposals for investment and cooperation to develop the Borteeg section, increase coal production and export capacity, and establish value-added processing facilities.

The following basic principles will be followed in the context of creating mutually beneficial business cooperation: 

  • The mining licenses held by “Erdenes Tavantolgoi” JSC shall not be transferred to the investor.
  • The investor will be fully responsible for all operations and financing in relation to the construction, development, and operation of the project.
  • A mining complex with a minimum capacity of 15.0 million tons per annum (Mtpa) shall be established.
  • The majority of the project benefits shall accrue to the Mongolian side. The selected investor shall make an upfront payment of at least USD 500 million.

SUBMISSION OF PROPOSALS

Interested parties shall review the selection documentation attached hereto and submit their proposals in sealed form no later than:
13:00 (Ulaanbaatar time), 13 March 2026

Late or unsealed submissions shall be rejected.

CLARIFICATIONS
Requests for additional information or clarification shall be submitted to:
borteeg@erdenestt.mn
borteeg@erdenesmongol.mn

Note: Overdue and unsealed proposals shall not be accepted. 

Review the Selection Documents