‘Mongol Basalt' JSC, a newly listed company that successfully raised MNT 6.4 billion from public in 2018, has provided its spending report on the proceeds from IPO. The Company has spent the proceeds in the following activities as of February 07, 2020:

• Rockwool factory extention – MNT 2.5 billion
• Power substation – MNT 1.1 billion
• Factory construction – MNT 680.0 million
• Machinery  – MNT 330.0 billion
• Equipments for Basalt carrier - MNT 40.9 million  
• Machinery for Basalt carrier - MNT 210.0 million
• Raw material reserves for 4 months - MNT 599.0 million
• Repayment of long-term loan -MNT 496.5 million

 For the full report, please click here.

MONGOLIAN STOCK EXCHANGE