ArdNews

🏭 Erdenes Tavan Tolgoi to Manage the Borteeg Deposit in Partnership with Domestic Enterprises 🏦

June 05, 2026

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🏛️ The Government of Mongolia has announced the results of the Borteeg coal deposit tender process, selecting Erdenes Tavan Tolgoi JSC (ETT) as the project manager after the company submitted the highest-rated proposal.

  • ⛏️ Under the proposed structure, ETT will oversee the development and management of the Borteeg deposit while partnering with Mongolian enterprises to conduct mining operations and export coal to international markets.

  • 💰 According to preliminary terms, ETT proposed a structure under which 70% of the economic benefits would accrue to Mongolia, alongside an advance payment of USD 1 billion over five years. Government officials noted that this proposal offers a higher level of benefit to Mongolia compared with competing bids submitted by international companies.

  • 📊 The Borteeg deposit contains an estimated 424.2 million tonnes of coal reserves, comprising:
    ▪️ 404.5 million tonnes (95%) of coking coal
    ▪️ 19.6 million tonnes (5%) of thermal coal

  • 🚜 The planned open-pit mine is expected to have an annual production capacity of 15 million tonnes of coal, with the current feasibility study indicating an operational life of approximately 30 years.

📜 In parallel, the Government is preparing amendments to the Investment Law, focusing on six key areas aimed at improving the investment climate. These include strengthening investor protection mechanisms, enhancing dispute resolution frameworks, increasing tax policy transparency, clarifying the roles of government agencies, and reducing regulatory overlap.

🌍 The reforms are also expected to expand the scope of investment stabilization certificates, ease certain restrictions on foreign investment, and further align Mongolia’s investment framework with international standards.

📈 Why It Matters

The Borteeg project represents a significant step toward maximizing the value of Mongolia’s strategic coal resources while increasing the participation of domestic companies in large-scale mining developments. At the same time, the planned investment law reforms could enhance Mongolia’s attractiveness to international investors and support long-term growth in the mining sector.

Source: www.ett.mn

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