The Mongolian Mining Journal

MNMA Attended the "Astana Mining & Metallurgy" Congress MNMA's International Partnership Manager, Zorigt Jargalsaikhan, participated in the Astana Mining & Metallurgy Congress and had several important meetings:

AUSTRALIA sIGNS Partnership Agreement WITH GERMANY TO SUPPORT the Vocational Education and Training Sector in MONGOLIA Ulaanbaatar. Today, the Australian Embassy and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) signed a partnership agreement to jointly support the technical and vocational education and training (TVET) sector in Mongolia. The “Cooperative TVET II” (cTVET II) project builds on the result of the cTVET I project, implemented on behalf of the German Federal Ministry for Economic Cooperation and Development in close cooperation with Mongolian Ministry of Education and Science

The construction of 6.9 km of the Shiveekhuren port railway is complete On May 29, 2024, the Ministry of Road and Transport Development informed that the construction of the 6.9 km railway connecting Mongolia's Shiveekhuren port with China's Ceke port has been completed.

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.

S. NARANTSOGT: WE WILL DEVELOP A CLUSTER FOR SYSTEMATIC PRODUCTION OF VALUE-ADDED PRODUCTS 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.

Copper concentrate to be sold on the exchange market The production and export of Mongolia’s mining products contributes 27% of Mongolia’s GDP, and constitutes 71% of the industrial sector, 92% of export income, 77% of foreign direct investment, and 32% of the state budget income. While relying heavily on one sector isn’t ideal, these statistics highlight the mining sector’s crucial position as the primary driver of Mongolia’s economy now and in the foreseeable future.

THE MINGOMBA HIGH-GRADE COPPER DISCOVERY: WHERE HUMAN INTELLIGENCE MEETS ARTIFICIAL INTELLIGENCE In February of 2024, it was reported that Kobold Metals had characterized an ultra-high-grade copper deposit in Zambia, of similar grade and scale with the Kamoa-Kakula deposit

Build Mongolia 2024 Build Mongolia 2024 International exhibition of construction, mining, energy, infrastructure and advanced technology was held in Steppe-Arena

6th Gold application engineer in the world Transvest Mongolia LLC is the official distributor of Komatsu.

B. BAT-ERDENE: SUPPORTING RESPONSIBLE MINING IS NOT JUST A MINING INDUSTRY PROBLEM MMJ journalist B. Ariunaa spoke with the Minister of Environment and Tourism, B. Bat-Erdene about environmental legislation, subsoil, its use and protection, underground and surface water resources, and how to prevent soil erosion.

SUCCESSFUL AND EXPANDING COMMODITY EXCHANGE TRADING BOOSTS MONGOLIAN ECONOMY Mongolia successfully started trading its minerals on a Mining Products Exchange in 2023. Parliament approved the Law on Mining Products Exchange on December 23, 2022, and the law came into effect on June 30, 2023. Trial trading commenced six months earlier and preparations for iron ore and copper trading on the exchange are largely complete.

MONGOLIA PREPARES FOR THE NEXT STEP IN THE MINING INDUSTRY Mongolia has vast natural resources, is located in a very favorable geographical and geopolitical region, and can access major markets in Europe and Asia, So it has great potential for foreign direct investment (FDI) in the medium to long term.

J. GANBAT: ERDENES TAVANTOLGOI WILL ESTABLISH A STABLE AND TRANSPARENT SYSTEM MMJ journalist B. Ariunaa interviewed the Special Plenipotentiary Representative of the Government, J. Ganbat, about the activities of Erdenes Tavantolgoi JSC, the best investor in the mining industry, and the developments and problems faced by the company in recent years.

Positive economic indicators as impact of coal In 2023, Mongolia traded with 163 countries, and the total trade turnover reached $24.4 billion. Of this, exports totaled $15.1 billion, and imports $9.2 billion, resulting in a surplus of $5.9 billion. Compared to the same period last year, exports increased by $2.6 billion (21.9%) and imports by $54.1 billion (6.3%), the National Statistics Office said.

Get Ready for the 13th Annual "Mongolia Mining 2024" International expo in 9 – 11 October 2024! The thirteenth edition of the "Mongolia Mining 2024" International Mining expo is set to take place from October 9th to 11th at the Buyant-Ukhaa Sports Palace in Ulaanbaatar. This highly anticipated event will showcase cutting-edge solutions, equipment, and techniques from around the world, all of which are designed to drive innovation and advance the mining sector. With a focus on the latest technologies and best practices, this exhibition promises to be an invaluable platform for industry professionals, investors, and stakeholders alike.

THE MONGEOCAT SYSTEM HAS SIGNIFICANTLY IMPROVED THE ACCESSIBILITY AND QUALITY OF MONGOLIA’S GEOSCIENTIFIC DATA The Australia Mongolia Extractives Program is a donor funded program through the Government of Australia with the objective to support the Government of Mongolia to strengthen its extractive sector investment environment, through the development of collaborative partnerships between government, industry, and civil society.

CH. KHURELBAATAR: WE WILL FOCUS ON IMPROVING MONGOLIA’S CREDIT RATING AND BUSINESS ENVIRONMENT Interview with Ch. Khurelbaatar, Mongolian Deputy Prime Minister and Minister of Economy and Development, on projects under the New Revival Policy aimed at accelerating Mongolia’s long-term and medium-term economic development and the state of the economy in 2024.

THREE PROBLEM CLAUSES IN THE INVESTMENT LAW The Government of Mongolia is committed to increasing foreign investment and submitted a draft Investment Law to Parliament last June

THE NEW REGIONAL DEVELOPMENT POLICY CANNOT BE ALLOWED TO FAIL The draft resolution on declaring the current year as the Year of Regional Development Support was discussed and approved at a regular Cabinet meeting on 27 December 2023. During the break in the 2023 autumn session of the Parliament, officials were instructed to organize meetings and discussions to explain policies and regulations on regional development to the public.

AN ECONOMY DEPENDENT ON COAL Coal is the main source of our country’s export earnings. At the end of September, coal exports amounted to 47 million tons, and, by the end of the year, this figure may reach 52 million tons