The Executive Director of
state-owned Erdenes Tavantolgoi and Erdenes MGL LLC, B.Enebish, has told our
reporter that coal exports from the Tavantolgoi mine recently commenced, and
coal extraction will be increased. He also said the company’s profits will
grow, which will generate more revenue for the state. He also said the exports
indicate that the company will play a role in the international market.

Enebish said that, according to
Erdenes Tavantolgoi’s reserve advisor, if 15 million tons of coal were
extracted from the mine annually, the reserves would last 115 years. But
increases in capacity would also require improvements in infrastructure.

Enebish also said negotiations
are under way to determine several issues, including who will be chosen as the
mine operator, how shares will be allocated, who will operate the mine, who
will construct a railway for the mine, and the size of the advance payment to
the Government.