COMPANIES SIGN MNT 20 BILLION AGREEMENTS AT ‘COAL MONGOLIA-2018’...

COMPANIES SIGN MNT 20 BILLION AGREEMENTS AT ‘COAL MONGOLIA-2018’

1. ECONOMY

2018-09-06 10:44:32


Ulaanbaatar /MONTSAME/ During the ‘Coal Mongolia-2018’ conference concluded on September 5, domestic companies signed cooperation agreements worth MNT 20 billion.

Specifically, ‘Erdenes Tavan Tolgoi’ JSC's subcontractor ‘Khishig Arvin Industrial’ signed MNT 7 billion agreement on technical modernization with ‘AODE’ LLC, ‘Ilch Mining’ and ‘Asartain Gobi’ companies also signed agreements on major purchase respectively. One of the major drilling companies ‘Elgen’ LLC announced the purchase of MNT 4 billion drill from ‘Epiroc Mongolia’ LLC.

Moreover, ‘Niseech International’ and ‘Ikh Shijir Baylag’ signed agreement on purchase of MNT 4.7 billion-worth heavy trucks, loaders and excavators.

The above mentioned companies purchased low cost technologies for high productivity. State Secretary of the Ministry of Mining and Heavy Industry G.Nandinjargal, Director of ‘AODE’ LLC D.Borgil and Founder of ‘Coal Mongolia’ conference attended the agreement signing ceremony.