At a meeting of the Cabinet of Ministers, a working group was approved with the task of preparing the Bortegg deposit, which is part of the Tavan Tolgoi cluster, for integration into the economic turnover and selection of investors.
As part of this project, the following measures are planned:
- conducting an open competition for investors;
- establishing market prices for coal;
- maximizing profit retention within the country;
- priority development of processing industries;
- transparency and openness at all stages of the deposit development.
To gauge investor interest, the government decided to hold an international open call for proposals on January 9 of this year.
The implementation of this project will significantly increase citizens' income from the exploitation of natural resources, replenish the National Wealth Fund, and create financial resources to address socio-economic issues.
In 2020, the feasibility study (FS) for the Bortegg deposit was completed, along with detailed exploration in accordance with JORC standards. The updated FS will be presented in the current quarter of 2026.
The special licensed area of Erdenes Tavan Tolgoi JSC covers a key group of coal deposits, including Tsankhi, Bortolgoi, Onchkharaat, and Bortegg.
Source:montsame
