Mongolia once again stands at a familiar crossroads, trying to unlock the immense potential of its mineral wealth, particularly the vast coal reserves of Tavan Tolgoi, which are critical to the country’s export revenues.
The government is making another push for international expertise at Erdenes Tavan Tolgoi (ETT), the state-owned company overseeing one of the world’s largest coking coal deposits. This time, the Prime Minister’s promise is to usher in a new era of transparency and efficiency, calling for international management and advocating for a reduced state role in the economy—a key feature of his latest four-year action plan.
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