Erdenet Mining Corporation under examination

Ulaanbaatar /MONTSAME / The Ministry of Finance and the Government Agency For Policy Coordination on State Property are jointly conducting investigation on Erdenet Mining Corporation’s production, financial and economic activities by the end of 2016 in pursuance of orders issued by the Parliamentary Standing Committees on Economy and Justice.

The investigation targets to examine the corporation’s production, profits, financial situation, utilization of state property, spending on assets, debt state, results of purchase and contracts.

A broader inspection team consisting of Bank of Mongolia, Finance Ministry, National Audition Department will probethe  Erdenet Mining Corporation in near future to review and make conclusion regarding its financial violations and arguments.