Inspection results of Erdenet Mining Enterprise reported

2019-05-23 14:19:42

Ulaanbaatar/MONTSAME/. Minister of Finance Ch.Khurelbaatar reported that the inspection carried out to 2016-2019 activities of Erdenet Mining Enterprise has found 39 breaches worth MNT2.2 trillion, including some decisions with conflict of interest.  

Moreover, the working group considered that changes made in the company’s structure in 2016 violated the Corporate Law. According to the changes, Director-General of the company started administering social issues, First Deputy Director became liable to human resource and the Chief of Justice and Law Department managed all operations. It has negatively affected the normal operations of the company.


At the Cabinet meeting, assignments were given to take measures to eradicate violations and make the certain breaches inspected by legal organizations.

Related news