Mongolia’s Biggest Coal Miner Loses Executives in Cost Cutting
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Erdenes Tavan Tolgoi, the biggest state-owned coal company in Mongolia, said its two most senior foreign executives resigned as part of cost cuts at the cash strapped company.
Chief Financial Officer Angus Caithness and Chief Operating Officer Graeme Hancock have left, Erdenes TT spokeswoman Gurjav Enkhmanduul said today in an e-mailed statement. Caithness and Hancock are two of four deputy directors at the company, she said.