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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.
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.
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 ...
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 ...
The Thermal Power Plant No. 4 (Mongolian: Улаанбаатарын ДЦС-4) is a coal-fired power station in Bayangol, Ulaanbaatar, Mongolia. With a total installed generation capacity of 663 MW, it is currently Mongolia's largest power station.
Mongolia will deepen cooperation with Washington to mine rare earths, the country's Prime Minister L. Oyun-Erdene said on a visit to Washington on Wednesday, but he warned that a "new Cold War ...
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]
Mongolia's ruling party won a much smaller majority in a parliamentary election than it had held previously, according to official results released on Monday, raising the possibility of a return ...