Mongolia may take a 34% stake in Xanadu Mines Ltd.’s Kharmagtai copper-gold project after a proposal to classify the asset as a strategic deposit was submitted to the government.
With uranium demand set to be strong in the coming decades, Mongolia is positioning itself as a strategic player and a significant contributor in the global climate effort.
J.Ganbat, The Plenipotentiary representative of “Erdenes Tavantolgoi” JSC said that since the audit report has been finalized, 256,000 MNT of shares will be paid to citizens from tomorrow.
The Board of Directors of “Erdenes Tavantolgoi” JSC held a meeting on February 16 and decided to distribute a dividend of 266 MNT per share from the net profit of 2023.
Mongolian Financial Regulatory Commission has informed that totally 35 joint stock companies will distribute 480.24 billion MNT dividends to their shareholders this year.
According to Clause 46.5 of the Company Law, Board of Directors of joint stock company has to decide