Social and economical benefit
Erdenet Mining Corporation LLC and Mongolrostsvetmet LLC are committed to supporting national suppliers and suppliers of goods and services for the purpose of continuing to increase the efficiency of the domestic economy. In addition, we are implementing good governance programs, international industry norms, international financial reporting standards to improve the socio-economic benefits and governance of enterprises. For example, within an initiative of “Transparent Erdenet”, the Company’s buy procedure has become open and more than four hundred open bids were announced in 2017. As a result, Company could save about MNT 23 billion from the purchase. For the first time in history, Erdenet Mining Corporation has contributed total of half-trillion MNT (578.5 billion MNT) to the local and state budgets, proving a good example of the monitoring of public-private partnerships.
"EMERGENCY EFFORT 5 OBJECTIVE PROGRAM" will be implemented at Mongolrostsvetmet LLC as well.