Boroo Gold Company is on the list of leading taxpayers in 2010 recently published by the General Tax Department.  This is for the second year in a row that the company has been so honored. The recognition underscores not just the amount of taxes the selected companies have paid, but also their compliance with tax legislation. 

Since 2004, Boroo Gold has paid over MNT 209.4 billion in taxes to the state and local budgets. In terms of the amount of taxes paid, Boroo was 2nd in the country in 2007 (MNT 43.8 billion), 3rd in 2008 (MNT 41.5 billion), 1st in 2009 (MNT 40.7 billion) and 3rd in 2010 (MNT 47.4 billion).

Mr. Ian McNeil, Senior Operations Manager, says, “We have been submitting our financial and operational reports to the Extractive Industries’ Transparency Initiative (EITI) every year since this organization established its branch here. We believe that transparency of operations will play the main role in developing responsible mining in Mongolia.”