The Mongolian Mining Journal

DEPUTY PRIME MINISTER T. DORJKHAND SECURES USD 2.0 BILLION IN CLEAN ENERGY INVESTMENT In a major step toward energy sector reform, the Government of Mongolia has launched a bold initiative to expand the country's renewable energy capacity. During a recent investment forum in New York, Prime Minister T. Dorjkhand secured USD 2.0 billion in foreign investment to accelerate Mongolia’s transition to clean energy.

Rio Tinto paid 482 million USD in Mongolian taxes and royalties in 2024 Rio Tinto is committed to ensuring that all stakeholders benefit from the company’s success. This commitment is reflected in the way the company prioritizes the well-being of its employees, protects the environment, supports the communities in which it operates, and responsibly rehabilitates land at the end of its operational life.

UBS Group revises dollar forecast amid trade war concerns UBS Group has revised its dollar outlook for the second time in just over two months, citing the growing economic impact of the ongoing U.S.-China trade conflict.

B. DULGUUN: CHANGES TO TRADING REGULATIONS WILL BOOST COAL EXCHANGE ACTIVITY In an interview with B. Dulguun, the Acting CEO of the Mongolian Stock Exchange, we discussed the current demand for minerals, market needs, and the future of trading on the Mining Products Exchange.

Gold price surges past 3,400 USD amid rising global trade and geopolitical tensions Gold soared to a new all-time high on Monday, breaching the 3,400 USD mark as mounting geopolitical tensions and renewed economic uncertainty drove investors toward safe-haven assets.

Mongolian Mining Corporation (MMC) reports Q1 2025 operational update Mongolian Mining Corporation (MMC), the largest internationally listed private mining company in Mongolia, has released its unaudited operational update for the quarter ended March 31, 2025.

Australian operator eyes LNG project to exploit Mongolian unconventional gas Australian junior Jade Gas has come up trumps with its recent production drilling campaign on the Red Lake coal seam gas (coalbed methane) field in the South Gobi region of Mongolia, and is eyeing near-term commercialisation opportunities via a compressed natural gas (CNG) project.

T. BATTULGA: "MONGOLIA MINING-2025" EXHIBITION TO BE HELD UNDER THE SLOGAN "SMARTER TECH – STRONGER MINES" The 14th edition of Mongolia Mining-2025, the country’s premier international mining exhibition, will take place this spring from April 17 to 19 at the Buyant-Ukhaa Sports Palace. We interviewed Mr. T. Battulga, General Director of Minex Mongolia LLC, the organizer of the exhibition.

Preliminary Estimates of Economic Risks It is impossible to predict with certainty the changes that may unfold in the global economy in the second half of 2025, or whether the direction of Mongolia's economy situation worsen or improve. It is equally difficult to calculate how the U.S. President's tariff policy, which is putting pressure on our neighboring countries and key business partners, will impact Mongolia, particularly through our main export market, China.

MONGOLIA’S GDP COULD FALL BY 6.1% UNDER PROPOSED FREE TRADE AGREEMENT WITH THE EURASIAN ECONOMIC UNION Mongolia is in talks to sign a three-year “Interim Free Trade Agreement” with the Eurasian Economic Union (EAEU). According to a study conducted by the Policy Research Laboratory of the National University of Mongolia, it is warned that Mongolia’s Gross Domestic Product (GDP) could drop by approximately 6.1% as a result of signing this agreement.

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.