“Mongol Basalt” JSC, that successfully raised MNT 6.4 billion from public in 2018, has presented its spending report on the proceeds from IPO. During the spending report, total of MNT 5.96 billion has been spent in the following activities as of 3rd quarter 2020:
- Factory expansion of basalt wool – MNT 2.5 billion;
- Power substation – MNT 1.1 million;
- Factory building – MNT 680.0 million;
- Factory machinery – MNT 330.0 million;
- Basalt quarry equipment – MNT 40.1 million;
- Basalt quarry machinery – MNT 210 million;
- Raw material reserves for 4 months – MNT 599 million; and
- Long-term loan repayment - MNT 496.5 million.
For the full report, please click here.
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