Tavan Tolgoi JSC
Locally owned coal company
Tavan Tolgoi JSC, often called small Tavan Tolgoi, is the locally owned coal company operating part of the Tavan Tolgoi deposit in Tsogttsetsii soum, Omnogovi (South Gobi) Province. It is separate from Erdenes Tavan Tolgoi, the state company that manages the main Tsankhi blocks of the same deposit (Oxford Business Group, Mongolia 2015; Natural Resource Governance Institute, State-Owned Mining Enterprises in Mongolia).
The mine has operated as an open pit since 1966, initially supplying thermal coal to the South Gobi provinces. The Omnogovi aimag government held 51 percent and another 15 percent of shares traded on the Mongolian Stock Exchange in reporting from 2015, making it at that time the largest company listed on the exchange (Oxford Business Group, Mongolia 2015).
MONEY
Performance in 2013 - DOCUMENTED
Oxford Business Group reported that in 2013 Tavan Tolgoi JSC revenues reached MNT 161 billion, up 57.5 percent on the previous year, and net profit rose to MNT 62 billion, with the company accounting for approximately 34 percent of revenue generated in South Gobi. Over the preceding four years it reported an average dividend yield of 19 percent, with shareholders receiving nearly 90 percent of earnings in dividend payments (Oxford Business Group, Mongolia 2015).
The 2018 dividend contrast - reported
At a meeting on 1 May 2018 President Kh. Battulga noted that the locally owned company known as small Tavan Tolgoi had distributed MNT 90.0 billion in profit, contrasting it with Erdenes Tavan Tolgoi's dividend position that year (Office of the President of Mongolia, 1 May 2018).
RECORD
Reserves and market - DOCUMENTED
The company held around 80 million tonnes of coking coal reserves and 100 million tonnes of high-grade thermal coal reserves, within a wider Tavan Tolgoi deposit estimated at 6.4 billion tonnes. China consumed up to 95 percent of its products, and it supplied the Gobi provinces with thermal coal at a discounted fixed price for 13 years, a price the South Gobi local government raised from MNT 8,000 to MNT 15,000 per tonne in September 2013 (Oxford Business Group, Mongolia 2015).
Production history - DOCUMENTED
The mine supplied coal to Omnogovi, Dundgovi and Dornogovi provinces as an open-pit operation since 1966 and first exported coal to China in 2004. By 2011 it produced approximately 6 million tonnes and had become the country's largest coking coal producer that year (Oxford Business Group, Mongolia 2015; Global Energy Monitor, Tavan Tolgoi (Small) Coal Mine, Global Coal Mine Tracker August 2026 release).
Production in 2023 and 2024 - DOCUMENTED
The Global Coal Mine Tracker recorded production of 3.125 million tonnes in 2023 and 4.31 million tonnes in 2024 for the Tavan Tolgoi (Small) Coal Mine, an operating surface open-pit bituminous thermal coal mine in South Gobi, distinct from the Erdenes-owned Tavan Tolgoi Coal Mine (Global Energy Monitor, Global Coal Mine Tracker August 2026 release).
A filled seal is documented. An open seal is an allegation, source named.
How to read this page. Every line names its source. A line marked ALLEGATION is a claim already published by the named source and already in the public record. Decode Mongolia republishes it as reported, with the source named, and has not verified it. An allegation is not a finding, and nothing on this page is proof of wrongdoing.