The Mongolian Mining Journal

Steppe Gold Announces 2024 Annual Financial Results Steppe Gold’s Chairman and CEO, Bataa Tumur-Ochir, stated, “2024 has been a year of transformational growth for Steppe Gold as we integrated Boroo Gold LLC’s (“Boroo Gold”) mines and operations.

MINING COMPANIES EMBRACE ADVANCED TECHNOLOGY IN OCCUPATIONAL HEALTH AND SAFETY TRAINING By A. Enkhbayar, Lecturer, Doctor, Professor, Department of Applied Mathematics, University of Applied Sciences, National University of Mongolia

Mongolian Mining Corporation to issue 350 million USD bonds with 8.44 percent yield Following a record earnings report, Mongolian Mining Corporation, listed on the Hong Kong Stock Exchange, is set to issue 350 million USD in bonds maturing in 2030.

Mongolian Mining Corporation announces 2024 financial results Mongolian Mining Corporation (MMC), the largest producer and exporter of washed hard coking coal in Mongolia, reported its annual financial results for the year ended December 31, 2024 (FY2024).

Mongolian Mineral Exploration Roundup 2025 Conference and Exhibition Since December 2023, Trigtech LLC, with the support of the Mongolian Embassy in China, has organized four Silk Road Investment: Mining Project Presentation events in collaboration with the Ministry of Industry and Mineral Resources, the Mineral Resources and Petroleum Administration, and key stakeholders.

D. DALAIJARGAL:THE IAEA WILL CONDUCT RESEARCH AND MONITOR THE ZUUVCH-OVOO DEPOSIT The Mongolian government adopted its policy on radioactive minerals and nuclear energy in 2009. Its primary goal is to expand the country's reserves of radioactive minerals and utilize them for peaceful purposes.

PRESIDENT OF MONGOLIA KHURELSUKH UKHNAA VISITS OYU TOLGOI UNDERGROUND MINE Oyu Tolgoi LLC launched its underground mine in 2022 and carried out its 124th ore extraction blast last year. In 2025, mining production increased by 50% compared to the previous year, driving a significant rise in copper concentrate output.

Gold price sets a new record above 3,050 USD following Fed verdict Gold reached a new all-time high on Wednesday afternoon, surpassing the 3,050 USD per ounce mark, following projections by U.S. policymakers for slower growth and higher inflation.

MARC MELEARD: THE START OF THE ZUUVCH OVOO PROJECT WILL COME AT A TIME WHEN PRODUCTION FROM EXISTING URANIUM MINES WILL BE INSUFFICIENT TO MEET THE DEMAND FOR NUCLEAR ENERGY. Mongolia negotiated an investment agreement with Orano Mining, France, to implement its uranium mining project. In this context, we spoke with Marc Meleard, General Director of Badrakh Energy, the joint venture between the Government of Mongolia and Orano Mining.

Mongolian government to support gold mining as coal export prices decline In response to the decline in coal export prices, the Mongolian government has decided to support the gold mining sector by re-issuing exploration licenses, effective March 1, 2025. This initiative aims to boost production as demand for gold and its price growth are expected to persist throughout the year.

ORANO TO START DEVELOPING UZBEK MINE WITH STATE-OWNED PARTNER French nuclear fuels company Orano said on Wednesday it would start developing its South Djengeldi uranium mining project in Uzbekistan as part of its Nurlikum Mining joint venture with Uzbek state-owned mining company Navoiyuran.

PDAC 2025 draws 27,353 participants to Toronto Toronto – The Prospectors & Developers Association of Canada (PDAC) proudly celebrated another landmark gathering with PDAC 2025, which brought together 27,353 participants to explore premier business prospects, investment opportunities, and professional networks in the global mineral exploration and mining sphere.

Mongolia to Showcase its Mineral Resources at PDAC 2025 in Toronto Toronto, Canada — The 93rd annual Prospectors & Developers Association of Canada (PDAC) Convention will take place from March 2 to March 5, 2025, in Toronto, Canada. The event, one of the largest gatherings of mining professionals in the world, will feature key players from the global mining sector, including a strong delegation from Mongolia.

Japan to give Mongolia $3.7 million grant aid for infrastructure Japan on Tuesday promised 545 million yen ($3.7 million) in grant aid to Mongolia to help improve the infrastructure of the strategically key nation sandwiched between China and Russia.

Mongolia to Showcase its Mineral Resources at PDAC 2025 in Toronto Toronto, Canada — The 93rd annual Prospectors & Developers Association of Canada (PDAC) Convention will take place from March 2 to March 5, 2025, in Toronto, Canada. The event, one of the largest gatherings of mining professionals in the world, will feature key players from the global mining sector, including a strong delegation from Mongolia.

ERDENES TAVANTOLGOI JSC HAS TRADED 64,000 TONS OF 1/3 COKING COAL Erdenes Tavantolgoi JSC successfully traded 64,000 tons of 1/3 coking coal through the Mongolian Stock Exchange on February 20, 2025. The transaction was completed at a price of 72.4 USD per ton, with the coal to be delivered to the Gantsmod border checkpoint.

MONGOLIA AND FRANCE LAUNCH JOINT URANIUM PROJECT AT WORLD-CLASS "ZUUVCH-OVOO" DEPOSIT On January 17, 2025, the Government of Mongolia and French-registered Orano Mining SAS, an investor in the Mongolian- French joint venture Badrakh Energy LLC, signed an $1.6 billion investment agreement in Ulaanbaatar for the long-term development of the Zuuvch-Ovoo uranium deposit, located in Ulaanbadrakh soum, Dornogobi aimag.

Mongolian coal export performance in January and key influencing factors Over the past few decades, Mongolia has seen a significant transformation in its economy, shifting from an agricultural base to one dominated by mining.

G. YONDON: ERDENET PLANT'S RESERVES ARE PROJECTED TO LAST UNTIL 2079 MMCG Research and Consulting Services conducted the study and presented its findings in the report titled "The Impact and Contribution of the Erdenet Mining Corporation on the Society and Economy of Mongolia: Past, Present, and Future." The study aimed to offer a concise overview of the plant's performance through numerical data.

THE GASHUUNSUKHAIT-GANTSMOD RAILWAY: A PATH TO UNDERSTANDING WITH THE SOUTHERN NEIGHBOR The draft resolution to establish a cooperation agreement between the governments of Mongolia and China regarding the Gashuunsukhait-Gantsmod cross-border railway, coal trade, and the expansion of the Tavan Tolgoi coal mine was discussed at the regular Government meeting on January 22.