Ulaanbaatar
Erdenet Mining Corporation SOE Representatives Receive Information on IPO Process
Economy
Ulaanbaatar, August 15, 2025 /MONTSAME/. Director of the Business Development Department of the Mongolian Stock Exchange (MSE), T. Khash-Erdene, received the Head of the Planning and Economic Analysis Department of the Erdenet Mining Corporation state-owned enterprise (SOE), R. Ochbadrakh, and accompanying specialists on August 13, 2025.
Senior Specialist of the Marketing and Public Relations Division, P. Nyamdorj, along with Specialist of the Registration Department, G. Amartuvshin, of the Mongolian Stock Exchange, attended the meeting. The representatives provided detailed information on the general state and trends of the capital market, the role of professional institutions involved in the IPO process, the legal framework, the securities registration rules, and the procedures for registering securities. The MSE representatives also shared their experience of successfully conducting an IPO in 2022, offering 34 percent of the company’s shares to the public.
Under the Minerals Law of Mongolia, “A legal person holding a mining license for a mineral deposit of strategic importance shall sell no less than 10 percent of its shares through the Mongolian Stock Exchange.” At its regular session on August 6, 2025, the Government discussed general guidelines for publicly offering shares of state-owned legal entities, selling state-owned shares, restructuring such companies, and reducing the number of state-owned and state-owned-participation companies by 20 percent, from 109 to 87. The Prime Minister of Mongolia, Zandanshatar Gombojav, instructed the relevant authorities to implement these measures.
