An open tender has been announced to attract domestic and foreign companies interested in investing and cooperating in bringing the untapped Borteeg section of the Tavantolgoi deposit into commercial production.

The selected investor will be required to finance and develop, at its own expense, the necessary infrastructure covering mining, processing, sales, and transportation operations, without transferring the special license for the Borteeg section.

Under the project framework, proposals must follow a “hybrid” model in which sales revenue will be shared with the contracting party. The Mongolian side’s share of benefits during the project implementation period must not fall below 51 percent. Erdenes Tavantolgoi JSC stated that provisions have also been included to give domestic companies an advantage in the selection process. The tender to select an investor for the Borteeg section will remain open for 30 days.

The Borteeg deposit holds total reserves of 424.2 million tons of coal and has an annual production capacity of 15 million tons. Of the total reserves, 95 percent consists of weakly coking coal and 5 percent of thermal coal. Bringing the deposit into economic circulation is expected to increase Mongolia’s foreign exchange reserves, boost state budget revenues and tax payments, and contribute to the accumulation of the National Wealth Fund.

Published Date:2026-02-16