Shivee Ovoo JSC
State-majority coal company
An operating surface lignite mine in Govisümber Province, 260 km south-east of Ulaanbaatar, commissioned in 1990 and operated by Shivee-Ovoo JSC, a joint-stock company incorporated on 12 September 1995 following a government decision to partially privatise the state-owned mine (Global Energy Monitor, Shivee-Ovoo mine, citing the State Property Policy and Regulation Agency). Its coal supplies power plants in the central region, including Ulaanbaatar Thermal Power Plant No. 4.
The state holds 90 percent and private shareholders 10 percent. The Natural Resource Governance Institute lists Shivee-Ovoo in 2021 as a stock company, 90 percent state equity, main product coal, main market power plants, in production (NRGI, Debt Policy of State-Owned Mining Enterprises in Mongolia). Erdenes Mongol holds the state's 90 percent as majority shareholder (Asian Development Bank project document, January 2016 position).
PEOPLE
Ts. Enkhtuvshin
Chief executive - named as Shivee-Ovoo JSC CEO reporting winter preparations to the Minister of Energy in Montsame reporting, July 2020
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RECORD
Ownership - DOCUMENTED
A JICA ex-post evaluation describes Shivee-Ovoo Joint Stock Company as 90 percent owned by the government and 10 percent privately owned (JICA, Baganuur and Shivee-Ovoo Coal Mine Development Project evaluation). The deposit's mining licence MV-000901 covered 29,500 hectares and was valid from 30 December 1997 to 30 December 2027, and total estimated geological reserves are 2.708 billion tonnes of lignite (Global Energy Monitor, citing the licence and reserve record).
Expansion and output - DOCUMENTED
The 1997 Baganuur and Shivee-Ovoo development project, funded by the World Bank and JICA, aimed to raise Shivee-Ovoo capacity from 0.3 million tonnes a year to 2 million tonnes a year. JICA reported production of 1.2 million tonnes in 2005; the mine produced 1.6 million tonnes in 2012, and the Mongolian National Mining Association is quoted as saying the mine provides 30 percent of domestic coal demand and 40 percent of coal demand for energy production in the central region (JICA evaluation; Global Energy Monitor).
Winter preparations - 2020
Montsame reported in July 2020 that the Shivee-Ovoo brown coal mine, then in its 30th year of operation on a 4,290-hectare area in the Shine-Us coalfield, satisfied 28.5 percent of domestic coal demand, and that the company had made equipment upgrades totalling MNT 29 billion from its own funds (Montsame, 29 July 2020, via MQ World).
Prime Minister's visit - 2025
Prime Minister Zandanshatar Gombojav visited Shivee-Ovoo JSC on 16 August 2025. Reporting of the visit said the mine supplies 28 percent of Mongolia's total power generation, 50 percent of the coal for Thermal Power Plant No. 4 and 80 percent for the Amgalan Thermal Power Plant, was set to extract and deliver 2.5 million tonnes in 2025, and had extracted and sold 45 million tonnes over its 35-year history, while facing debts, shortages of diesel, explosives and rail wagons, and land subsidence where a crack about one kilometre long had led to suspension of mining in the affected zone (Montsame reporting, 16 August 2025, via The Free Library).
Public offering proposal - 2025
At its session on 15 December 2025 the Cabinet decided to submit to Parliament a draft resolution on privatisation and public offering of state assets for 2025-2028, under which additional ordinary shares of Shivee-Ovoo JSC would be issued and offered to the public, alongside Baganuur JSC and other state companies (Montsame, 15 December 2025, via Mongolian Business Database).
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