New director appointed to Erdenet JVC

Ts.Davaatseren was appointed as Director of Erdenet copper production JVC on Thursday. The new director has great experience of management after working at state owned companies as a mining expert.

The financial activity of Erdenet copper production JVC has been uncertain for decades because political and economical interest groups have ruled it in turn.

But the new appointment will bring a different atmosphere to Erdenet JVC.

Even though there was speculation that the ruling party would appoint its party member to the post instead of former director Ch.Ganzorig. But a qualified professional Ts.Davaatseren who is well-known in the mining sector has been appointed.

The former Director Ch.Ganzorig resigned upon his request. The State Property Committee approved that Ch.Ganzorig could improve the main indicators of production output during his term.

When Ch.Ganzorig was appointed to the Erdenet JVC copper output was 20 million tons a year but now the output is 26 million tons. Molybdenum metal output has risen from 23 to 46 percent and metal output from copper from 86 to 86 percent.

Employees average salary has also been increased from 400,000 MNT to 1.8 million MNT.