During an irregular meeting on February 23, Cabinet discussed the Law on Government Special Funds and the 1,072 Erdenes Tavan Tolgoi JSC shares distributed to Mongolian citizens.
Minister of Mining and Heavy Industry D. Sumiyabazar noted, “First, those 1,072 shares need to be registered. Preparation for registering them on the stock market needs to start immediately, because it takes much time. Our ministry is working hard to finish this in 2018.” Cabinet members didn’t reach consensus on the issue of international stock market registration.
The Ministry of Mining and Heavy Industry is working to introduce a proposal regarding the shares to Parliament once it is approved by the cabinet.