FINANCIAL SOURCE TO BE CREATED FOR SAFETY STOCK OF COAL
Ulaanbaatar, Mongolia /MONTSAME/ A financial source for a coal safety stock will be created with aims to ensure reliable activities of fuel and energy factories and to not increase debts and receivable.
The cabinet has allowed D.Khayankhyarvaa, the Minister of Finance, to grant a loan of MNT 7 billion 305 million and 800 thousand for creating the financial source.
An order has been given to D.Zorigt, the Minister of Mineral Resources and Energy, to put control over the loan's consumption and to repay the loan in the fund this year. It is calculated that finance for the coal stock must ensure a coal reserve of at least 20 days, and the loan should be spent for not making debts and receivable among power stations and coal mines, for improving the economic and financial capacities.
It is expected that mines can repair their mining facilities, vehicles and machines in due times thanks to the loan.
B.Khuder
The cabinet has allowed D.Khayankhyarvaa, the Minister of Finance, to grant a loan of MNT 7 billion 305 million and 800 thousand for creating the financial source.
An order has been given to D.Zorigt, the Minister of Mineral Resources and Energy, to put control over the loan's consumption and to repay the loan in the fund this year. It is calculated that finance for the coal stock must ensure a coal reserve of at least 20 days, and the loan should be spent for not making debts and receivable among power stations and coal mines, for improving the economic and financial capacities.
It is expected that mines can repair their mining facilities, vehicles and machines in due times thanks to the loan.
B.Khuder
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