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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 Tavan Tolgoi, the largest coal site in Mongolia, which has high-grade coal deposits is expected to yield six billion tonnes of coal. [7] While the biggest client for this coal is China (Mongolia's trade with China is about 85%), Russia is also likely to be bidder for this coal once the 1,000-kilometre (621-mile) rail link to the country is ...
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 ...
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.
The Baganuur Power Plant (Mongolian: Багануур Дулааны Cтанц) is a coal-fired power station under construction in Baganuur, Ulaanbaatar, Mongolia.