Erdenes Tavan Tolgoi JSC completes principal repayment to DBM www.gogo.mn
The board of Erdenes Tavan Tolgoi JSC (ETT) reported that a final payment of 50 million USD has been paid to Development Bank of Mongolia (DBM) for ETT's 200 million USD loan.
A repayment of 100 million USD was completed on October 31, 2017, with another 50 million USD paid last February. In line with a 2012 Cabinet resolution, DBM granted the loan to Erdenes Tavan Tolgoi JSC. The company completed repayment of a loan from Chalco in 2017. ETT plans to export 10 million tons of coal in 2018, and roughly three million tons of coal has been sent to the Tsagaan Khad coal handling facility since the beginning of 2018.
Published Date:2018-03-30