The Mongolian Mining Journal

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

TS. BYAMBATSEREN: THE ALTAN TSAGAAN OVOO PROJECT IS PLANNED TO CONTINUE UNTIL 2036 Steppe Gold participated in the Eastern conference “Responsible Mining” organized by the National Mining Association of Mongolia. How is responsible mining developing in the Eastern region, especially in Dornod aimag where you work

AUSTRALIA’S NATIONAL DAY CELEBRATED IN MONGOLIA Ulaanbaatar. Australia Day is the official National Day of Australia. Celebrated annually on the 26th of January it symbolises an Australia that reflects the nation’s diversity. For Australians at home and abroad, it is a day to celebrate coming together and connecting with family, friends, and community to 'Reflect. Respect. Celebrate'.

Entering the new year in better form after economic recovery in 2023 It is time to assess the changes and reforms in Mongolia’s economy Mongolia during 2023. The national economy grew by 6.4% in the first half of 2023, and activity improved further in the third quarter, with growth reaching 6.9%. This was mainly influenced by the recovery of the mining and transportation sectors, and growth is expected to continue until the end of the year, emphasized B. Lkhagvasuren, President of the Mongol Bank, presenting the decision made by the Monetary Policy Committee 2023.

B. JAVKHLAN: MONGOLIA SKILFULLY MANAGES ITS FOREIGN DEBT TO IMPROVE ITS CREDIT RATING Minister of Finance B. Javkhlan spoke about the Government of Mongolia’s successful debt management measures by trading foreign securities of in the international capital market and refinancing part of the government’s Khuraldai bonds due 2024 and Nomad bonds due 2026.

TS. BYAMBATSEREN: THE ALTAN TSAGAAN OVOO PROJECT IS PLANNED TO CONTINUE UNTIL 2036 Interview with D. Byambatseren, President of Steppe Gold Company, about the “Altan Tsagaan Ovoo” project, which is being implemented in Tsagaan-Ovoo soum, Dornod aimag.

Global Battery Metals Nickel Demand Growth to 2030 Battery metals demand for nickel is forecast to grow 429% from 298 kt in 2022 to 1575 kt in 2030

RESPONSIBLE MINING, THE OBJECTIVE OF THE MERIT PROJECT The effective and sustainable management of Mongolia’s natural resources are essential to ensuring the realization of the Government’s goal of inclusive economic