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The MCS Showdown: Mongolia’s Biggest Conglomerate Faces Scrutiny

Summary by Mongolia Weekly
Mongolia’s government has intensified its anti-corruption and anti-oligarch campaign, and the latest target is MCS Group, one of the country’s largest private conglomerates. At the center of the controversy is the Ukhaa Khudag coking coal mine which is part of the vast Tavan Tolgoi coal basin and is operated by Energy Resources LLC, a subsidiary of MCS Group (The broader Tavan Tolgoi deposit is primarily controlled by the state-owned Erdenes Tav…
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Mongolia WeeklyMongolia Weekly

The MCS Showdown: Mongolia’s Biggest Conglomerate Faces Scrutiny

Mongolia’s government has intensified its anti-corruption and anti-oligarch campaign, and the latest target is MCS Group, one of the country’s largest private conglomerates. At the center of the controversy is the Ukhaa Khudag coking coal mine which is part of the vast Tavan Tolgoi coal basin and is operated by Energy Resources LLC, a subsidiary of MCS Group (The broader Tavan Tolgoi deposit is primarily controlled by the state-owned Erdenes Tav…

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Mongolia Weekly broke the news in on Wednesday, February 26, 2025.
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