TT may fall short on coal target of 6 million tons www.zgm.mn
According to the Tavan Tolgoi JSC (TT), the company coal export through the Gashuunshukhait border is lower than the usual. However, TT is working at its full capacity. CEO of Tavan Tolgoi, Serdorj Renchinbyambe said, “This year Tavan Tolgoi was planning to export 6 million tons of coal, but now the situation has changed, It is not easy to get back to normal, so the plan has disturbed.” It is aslo believed that export and revenue decline affect the stock price to decrease. TT’s stock has been dropped by 17 percent to MNT 5,440 at MSE since January 2020. Additionally, the company is arranging to convene its online shareholders’ meeting on April 29.