The proposed amendments to the Minerals Law are expected to formally establish a critical minerals category and list, creating a new legal framework to support investment in the sector.

Mongolia's copper concentrate exports are expected to reach a record high of nearly $10 billion this year. At the same time, Oyu Tolgoi's tax and fee payments are expected to exceed $1 billion for the first time.

Since 2010, Mongolia's coal industry has grown rapidly and come to play a leading role in the country's exports. In some years, coal exports have doubled or even tripled, driving a sharp acceleration in economic growth.