sentences:  In September 2012 it was reported that the mine was on track to extract 3.5 million tonnes of coal 
  
  In 2010 the Mongolian government decided on a plan to float 30% of Erdenes TT in an IPO on the Hong Kong, London and Ulaanbaatar stock exchanges; however this was later reduced to 20% in January 2012.The IPO was intended to occur in 2011, but was postponed to late 2012 or early 2013.In addition, 10% of the Erdenes TT will be sold to local companies, 10% will be distributed in shares to every Mongolian citizen, and the government will retain the remaining share in the company.