Energy Resources among Mongolia’s TOP 5 enterprises
The ceremony to select the TOP 100 enterprises making the greatest contribution to Mongolia’s economy was held at the State Palace on 27 April 2018.
In that selection, Energy Resources was placed in the top five and became one of Mongolia’s TOP 5 enterprises for 2017.
In ranking the TOP 100 enterprises, the Government of Mongolia and the Mongolian National Chamber of Commerce and Industry take account of five main indicators: a company’s revenue for the year, taxes contributed to the state budget, number of employees, profit and assets. In 2017 Energy Resources contributed ₮87 billion to the state budget in taxes and contributions, provided direct and indirect employment for around 3,000 people and, by selling washed coking coal products with value added domestically, brought $476 million — around ₮1.2 trillion — of export revenue into the country’s economy. Its leadership in the sector in delivering integrated projects and programmes for the public good as part of corporate social responsibility was also a key factor in receiving this prestigious award.