Partnership
IFC AND FRC EXPAND PARTNERSHIP TO BUILD SUSTAINABLE FINANCE MARKET IN MONGOLIA
Ulaanbaatar, Mongolia, June 5, 2025—The International Finance Corporation (IFC) and the Financial Regulatory Commission (FRC) of Mongolia have renewed their partnership to further advance sustainable finance in Mongolia by signing a new Memorandum of Understanding (MOU). This agreement also marks the launch of the second phase of the IFC Green Finance Market Development Project.
GREEN ENERGY SECTOR ATTRACTS $1 BILLION IN FINANCING
On January 21, Mongolia’s Deputy Prime Minister, Dorjkhand Togmid, and the First Vice President of the European Bank for Reconstruction and Development (EBRD), Jürgen Rigterink, signed a Memorandum of Understanding to collaborate on renewable energy investments.
ASM PARTNERSHIPS WHO RECEIVE TRAINING FROM PROFESSIONAL ASSOCIATIONS ARE ELIGIBLE FOR CONDUCTING ARTISANAL MINING
What is the current state of the small-scale mining industry?
ASM regulation which was approved by the Government Resolution No. 151 in 2017, has been suspended by Government Resolution No. 355 in 2019. As a result of this later resolution, state agencies, local governments were not able to assess and allocate land for ASM, no new contracts were made with ASMrs. In fact, the resolution No 355 provided a direction not to support ASM and basically ASM activities were stopped for three years.
Redpath uses its global experience to meet OT Underground challenge
Redpath Mongolia is celebrating the completion of 15 years of presence in Mongolia. Its biggest responsibility here has been the lateral development of the Oyu Tolgoi underground mine, and Scott Hayne, Executive Director, tells MMJ about the challenges that have cropped up and how he is confident that the company’s wide experience will lead it to success, with the help of a skilled and motivated Mongolian workforce.
Your company is well known in the global mining industry. How important are your Oyu Tolgoi operations in terms of your total responsibilities? What are some other global projects that you now have?
Redpath is currently involved with over 90 projects globally, spanning 13 countries. Our employee base in Mongolia accounts for just over 15% of Redpath’s workforce worldwide.
20th anniversary greeting
In the 20 years since my father and I visited Mongolia and decided to establish the Caterpillar Inc. Dealership for the country much has changed, but interestingly much has stayed the same.
MAGNA TYRES’ strength is that it produces its own raw material
Recent years have seen the Dutch company Magna Tyres expanding heavily in the tyre industry. It is represented in more than 80 countries around the world. Its mobile exhibition boot hat Mining Mongolia 2013 drew large and appreciative crowds, and now its Sales Manager, Peter Schreudering, answers questions on the special features of the technology behind the products being offered on the Mongolian market.
Bureau Veritas brings state-of-the-art laboratory to Mongolia
Bureau Veritas, a global leader in Testing, Inspection and Certification (TIC), has opened a state-of-the-art coal testing facility in Ulaanbaatar. It will service the technical needs of the coal industry by providing analytical facilities, technical support and consulting services.
Wagner Asia equipment launches Baganuur’s upgradation programme
The machinery upgrading programme at the Baganuur deposit was officially inaugurated at a ceremony on December 12 morning at the mine headquarter with Wagner Asia Equipment LLC formally handing over four CAT777D heavy-load dump trucks and one D10T bulldozer to the mining company.
Qi Song: Metso will suit Mongolia very well
Metso is a well-known global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries deliver sustainability and profitability to customers worldwide. Metso, with its headquarter located in Helsinki, Finland, is an Old Friend for Mongolian companies.
“Building a mega plant is always a challenge”: Thyssen Krupp
ThyssenKrupp Uhde, a subsidiary of ThyssenKrupp, is one of the world’s leading engineering companies. Uhde is a global leader in CTL technology and is to build a coal-to-liquid plant in cooperation with Industrial Corporation Mongolia LLC. As he answers some questions from MMJ, Claudio Marsico, Director of Sales, ThyssenKrupp, says his company can offer Mongolia much more than the plant whose construction should begin in a month or two.
