Erdenes Mongol
Investment Bank/Securities Brokerage - Buffalo, NY, US
Erdenes Mongol Details
Erdenes Mongol LLC was established on 22 February 2007 with a purpose to represent the Government of Mongolia in developing the nation's strategically important mineral deposits. Erdenes Mongol LLC focuses on providing an integrated strategy and management by holding the ownership of the state-owned shares and interest in legal entities licensed to develop strategically important mineral deposits, legal entities implementing associated infrastructure development, projects, and programs. This is done through increasing their value, expanding and improving their operational effectiveness, attracting foreign and domestic investment, raising capital, implementing projects on processing plants that will create added value, increasing production capacity, and incorporating Government policies in the operations of its subsidiaries.Today, the company owns more than 50 percent shares of Erdenes Tavan Tolgoi JSC, Erdenes Oyu Tolgoi" LLC, Baganuur JSC, Shivee Ovoo JSC, Mon Atom LLC, Erdenes Shive Energy LLC, Erdenes Methane LLC and Erdenes Asset Management LLC. The company also owns the state-owned shares of 34 percent of Oyu Tolgoi LLC through its subsidiary and operates Gashuun Sukhait Road LLC, which was established based on public-private partnership, to manage its transportation road usage, maintenance, and repair.The company looks forward to accomplishing its business goal in becoming the leading national company, greatly contributing to the country's economy and society, and a company which introduced international standards in its operations, through increasing its value and competitiveness and becoming recognized internationally.
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