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The reason for the protest was a corruption scandal involving the theft of $12.9 billion worth of coal. Mongolian authorities had met with the protesters and promised to investigate the affairs. An investigation committee was announced by the Parliament and several officers suspected of coal theft were arrested.
Federal prosecutors on Tuesday sued to seize two New York City apartments worth $14 million that were allegedly bought with proceeds from a corrupt scheme involving Mongolia’s huge copper mine ...
Erdenes Tavantolgoi JSC (abbreviated as ETT JSC) is the largest coal exporter in Mongolia. It is a state-owned company. History. In December 2022, protests broke out ...
The West Tsankhi section of the Tavan Tolgoi coal deposit has been in operation since 1967, as a small coal mine. It supplied coal to the Mongolian domestic market, but in August 2011, started exporting coal to China [16] In 2009 in order to maximize the mine's production, the Mongolian government put the mine up for international companies and ...
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The mine was established on 25 December 1922 as the first mining in Mongolia. [1] In 1938, a railway line was built connecting Nalaikh to the city center of Ulaanbaatar to transport the coal from Nalaikh mine. [2] The mine was officially closed in 1990. [3]
Investigations found that the accident was a result of illegal construction and production of the coal mine, reckless operation of the contracting construction company, and oversight by local party committees, governments, and departments.
[5] [6] In the 2007–2008 fiscal year, MEC acquired 66,000 hectares (660 km 2) of concession areas for coal, ferrous and non-ferrous metal resources in western Mongolia. [7] Between January–February 2007, MEC entered into the acquisition of its first coal resources concessions at Khushuut and Darvi of 34,000 hectares (340 km 2) in western ...