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2021-02-09 17:32:28
Ulaanbaatar /MONTSAME/. Erdenes Mongol LLC, established in 2007 with a purpose to represent the Government of Mongolia in developing the nation’s strategically important mineral deposits, has transferred a total of MNT 2 billion 37 million to the Government’s Implementing Agency for Policy Coordination on State Property to pay for the distribution of dividends for 100 million shares.
In 2019, the Erdenes Mongol‘s capital equaled to MNT 11.9 trillion and its revenue totaled MNT 265 billion to pay MNT 48.3 billion to the government budget as payment for taxes and fees. As part of its social responsibility and based on its net profits made in 2019, the state-owned company is now paying out dividends to its shareholders for the first time in its operation.