
Energy Resources LLC is a nationally invested mining company established in 2005 and is one of the leading enterprises in Mongolia’s mining sector. The company was founded through joint investments from major national corporations such as MCS Group, Petrovis LLC, and Shunkhlai Group.
In 2010, Energy Resources became the first Mongolian national company to successfully list its shares on an international stock exchange by registering on the Hong Kong Stock Exchange.
The company operates the Ukhaa Khudag coking coal deposit located in Tsogttsetsii soum, Umnugovi province. It holds a mining license No. 11952A covering an area of 2,962 hectares. Operations at the Ukhaa Khudag mine began in 2009. Within just 2–3 years, the mine developed into a large industrial complex meeting international standards, with technical and social infrastructure such as a coal washing plant, an 18-megawatt power plant, a water supply system, residential housing, and an integrated school and kindergarten campus.
As of today, Energy Resources LLC is a major enterprise that processes and enriches coal domestically before exporting, thereby increasing the value of Mongolian coal and enhancing its competitiveness in the international market.
Energy Resources LLC has invested a total of USD 1.4 billion in the comprehensive development of the Ukhaa Khudag project. Since operations began in 2009, the company has paid more than MNT 1.2 trillion in taxes and fees to the national budget and has collaborated with over 2,000 local businesses.
As of 2021, Energy Resources employs approximately 1,900 permanent staff, about 40% of whom are local residents. Additionally, the Ukhaa Khudag complex directly provides employment for around 4,000 people.
Since 2010, Energy Resources LLC has consistently been recognized as one of Mongolia’s Top 5 enterprises, making a significant contribution to the national economy through export revenues, tax payments, and job creation.