Erdenes Tavan Tolgoi leads in tax payments and income - News.MN

Erdenes Tavan Tolgoi leads in tax payments and income

Old News! Published on: 2015.03.20

Erdenes Tavan Tolgoi leads in tax payments and income

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The General Taxation Authority has announced the top 100 enterprises leading in taxation payments for the last five years. 

This list is topped by Erdenet Factory, and Erdenes Tavan Tolgoi Company was in 7th place.  Although the price of coal in the global market has decreased, the company has improved its internal management and activities are continuing normally.

As of first three months of this year, the company has traded 1.1 million tons of coal.

Last year the company exported 5.7 million tons of coal, and revenue of 200 million USD was generated for Mongolia. In 2013 the company earned income of 156.6 billion MNT, with a net profit of 17.5 billion MNT from its primary operations.

This year the company is planning to trade 8 to10 million tons of coal.  In 2012, the company exported 2,386,000 tons of coal, in 2013 1,614,000 tons of coal, and in 2014 5.7 million tons of coal was sold to more than 10 customers.

The company's management has stressed that by taking all measures for profitable work, the amount of coal export has increased and conditions for profitable work have been created. 

 

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