Mining The Resources
Minding the future
Эрдсийг эрдэнэст
Ирээдүйг өндөр хөгжилд
S.Narantsogt, CEO of Erdenes Mongolia LLC, discussed strategically important initiatives, including the establishment of an industrial complex outlined in the medium-term strategic plans of the Erdenes Mongolia group. He also highlighted the investment agreement with the French state-owned company Orano Mining.
To bolster Mongolia’s sustainable-finance market and create jobs while increasing resilience, IFC is investing up to $100 million in the country’s first-ever social bond, which will be issued by Khan Bank, the country’s largest commercial bank.
Countries are formulating their mining sector policies. This  entail decisions on the inclusion of specific minerals in their critical mineral lists that have emerged as essential components of national mining sector strategies. Professional organizations have been  discussing  the formulation of Mongolia’s policy d on the minerals to incorporate into the list and drafted  initial proposals.
IFC to Advise Government of Mongolia on its First Competitively Tendered Renewable Energy IPP The Government of Mongolia and IFC, a member of the World Bank Group, have signed a landmark agreement that will harness private sector capital and expertise to develop wind power in the country.
Build Mongolia 2023 Construction, Infrastructure, And Mining Technology Expo will be held on April 19-21 At Steppe Arena Over 100 of the best companies in the industry will be participating in the expo, showcasing their products and services. Ten countries will be represented by companies such as Alternativa LLC, Magna Tires Singapore Pte Ltd, Amperetex from Russia, Zhengzhou Vanguard Machinery Tech Co., Ltd, and Jiangsu Kingertai New Material Technology Co., Ltd from China. The exhibition will also feature the leading international organizations in the field, presenting their products and services through the Embassy of the United Kingdom of Great Britain and Northern Ireland to Mongolia and the Embassy of the Republic of Poland to Mongolia.
G. YONDON: A COPPER CONCENTRATE PROCESSING PLANT WILL ENSURE EFFICIENCY AND REDUCE WASTE We need to first mention the foundational concept known as the ‘Four Tree Structure’ which initiated the establishment of manufacturing and processing plants. As part of the 2020-2024 Government Action Program, construction of heavy industry plants in various locations with developed infrastructure and proximity to population centers was endorsed by the Parliament on August 28, 2020. These decisions were made at the policy level.
B. BILGUUN: THE NEW BATTERY ENERGY STORAGE STATION BOOSTS MONGOLIA'S RENEWABLE ENERGY TRANSITION The government has acknowledged the necessity of an energy transition and has initiated several renewable energy projects. In the initial phase, the First Utility-Scale Energy Storage Project has been launched. In August 2022, Prime Minister L. Oyun-Erdene and representatives from the energy sector, including the Minister of Energy, participated in the foundation stone laying ceremony for the battery energy storage station project. In December of the following year, the station commenced operations, supplying energy to the central grid. Project Engineer B. Bilguun elaborated on the station's efficiency, built within the project's framework.
MMJ EDITORIAL