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.
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.
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.