In order to equally and rightfully allocate the revenue from Mongolia's mineral resources and mining riches, the Government of Mongolia has decided to distribute common stocks of mining companies of strategic significance to all citizens of Mongolia.
The work of allotting the “Gratification of the Motherland” shares is also to be held abroad. Within this framework, the first phase will be held in South Korea, where the Mongolian citizens willing to receive their “bounty” shares will have their accounts opened at Ansan city, South Korea, on July 22, 2012. Also, an informative training on stock will be held, as well as a book named “Securities’ ABC” will be distributed to all Mongolian citizens residing in South Korea.
The “Standard Investment” company will be organizing this event, where stock accounts will be opened for 1,072 shares of “Erdenes Tavan Tolgoi” JSC
and one preferred stock of “Erdenes MGL” state owned company to each citizen of Mongolia. The specialists of this company have stationed in Seoul, South Korea, starting July 06, 2012, whereas the stock accounts will be opened at the Ansan City Migrant Community Service Center on July 22, 2012, at 02:00-06:00 pm.
” owns 51% of Erdenes Tavan Tolgoi, 34% of Oyu Tolgoi, and shares of other strategic mines such as Tavan Tolgoi, Shivee Ovoo, Baganuur and Tumurtei, making a total of the 15 strategically important mine sites.