SharynGol JSC has announced that to the best of the management”s knowledge, the recently received report of the Ernst & Young audit of its 2009 accounts is the first instance of a Mongolian Stock Exchange listed company making available to shareholders audited financial statements by a Big Four international accounting firm.

The report will not replace the year’s accounts already approved by the board and shareholders, but is an important milestone in the management”s continued efforts to bring the company into compliance with global business practices, in line with the company’s policy of transparency.

SharynGol JSC owns and operates 100% a coal mine in Northern Mongolia. It was privatized and listed on the Mongolian Stock Exchange in 2003. The company has been mining coal at SharynGol for over 45 years, supplying domestic and export customers with coal for thermal and semi-coking (smokeless fuel) uses.