- 25 May 2011, IFRASIA Mongolia’s state-owned Erdenes MGL LLC has chosen Standard Chartered Bank as financial adviser for it’s roughly US$15bn Tavan Tolgoi project, the world’s largest untapped coking coal project. Standard Chartered Bank was established in 1853 and has employees of over 80 thousand. The bank operates in countries such as the UK, Hong Kong, Singapore and so on. Moreover, its last year’s annual profits reached USD 16.06 billion.