Recent news
CHE CHANGBO: THE CHINESE GOVERNMENT PRIORITIZES GREEN EXPLORATION, GREEN MINING, AND ECOSYSTEM RESTORATION
The participation of mining associations from China and Canada in Mining Week & MinePro 2025—Mongolia’s largest mining sector event—marked a new chapter in international cooperation for the country’s mining industry. Notably, China took part as the event’s “Focus Country,” lending the occasion added significance.
On this occasion, we spoke with Mr. Che ChangBo, Secretary General of the China Mining Association, about current trends in the mining sector, key challenges, and opportunities for China–Mongolia cooperation.
WBG Supports Golomt Bank to Pilot Blue Finance, Promote Green Projects and SMEs
Ulaanbaatar, Mongolia, Oct 2, 2025— In support of water management, energy efficiency, small and medium-sized enterprises (SMEs), and women-led businesses, Golomt Bank will receive a $160 million financing package led by IFC, a member of the World Bank Group (WBG) supporting the private sector, with co-financing from Proparco, private sector finance financing arm of the group Agence Française de Développement (AFD).
THE 'GOLD-3' PROGRAM MUST LEARN FROM PREVIOUS EXPERIENCES
In the early 1990s, Mongolia's economy had completely collapsed. In 1991, aid from the Soviet Union - which had accounted for roughly one-third of the country's GDP - was abruptly halted, plunging the economy into a rapid downturn. Losing its main trading partner, which had made up over 80% of foreign trade, factories faced severe shortages of raw materials and spare parts, and many were forced to close.
THE ERA OF CLEAN MINING: SUSTAINABLE PRACTICES FOR A LOW-CARBON FUTURE
Climate change and global warming have become one of the greatest challenges of our time. According to international studies, the mining sector alone accounts for around 9-10% of global greenhouse gas emissions. As a fuel- and energy-intensive industry, mining is now among the key sectors that must reduce its carbon footprint.
MATES HELPING MATES: PRIORITIZING MENTAL HEALTH IN UNDERGROUND MINES
As of 2025, the development of the global mining industry is moving towards a new, human- centered era- that prioritizes not only the extraction of resources from deep beneath the surface, but also the mental well- being, job satisfaction, and personal development of workers.
NEW COPPER DEPOSIT “OYUUT” DISCOVERED IN ORKHON PROVINCE
A new copper deposit named Oyuut has been discovered in Orkhon Province, covering the territories of Bayan-Undur and Jargalant soums, as a result of recent exploration activities. Preliminary estimates indicate that the deposit holds 357 million tonnes of ore reserves.
“MININGWEEK & MINEPRO 2025” SET FOR NALAIKH ON SEPTEMBER 11–13
The Ministry of Industry and Mineral Resources, the Mineral Resources and Petroleum Authority, and the Mongolian National Mining Association will jointly host the fourth edition of the “MiningWeek & MinePro 2025” international conference and exhibition on September 11–13 at Taij Khairkhan in Nalaikh District.
THE KEY REASON FOR BUDGET ADJUSTMENT
From the outset, Mongolia's 2025 state budget has drawn criticism. Now, just six months later, the government has been forced to face economic reality. Under the leadership of the new administration - and particularly at the initiative of the Prime Minister - a decision has been made to revise the budget, signaling a possible shift in broader macroeconomic policy.
Bayan Khundii Gold Project Nears Completion at 99%
Erdene Resource Development announced that as of June 30, 2025, construction of the Bayan Khundii Gold Project is 99% complete and approaching its final stages. Earlier, on June 12, the company secured permits for the processing plant, mining operations, and related non-industrial facilities, including storage and chemical handling infrastructure.
ERDENES TAVAN TOLGOI PLACED UNDER SPECIAL REGIME AS REVENUE FALL
According to preliminary results for the first half of 2025, total revenue and aid in the General State Budget amounted to 14 trillion MNT a decrease of 914.4 billion MNT, or 6.1%, compared to the same period last year, the National Statistics Office reported.
WESTERN INTEREST AND INVESTMENT IN CENTRAL ASIA
The European Union is urgently seeking to boost investment in the mining sector to reduce its dependence on imported mineral raw materials, decrease vulnerability, and enhance competitiveness. The EU is also prioritizing financing projects through long-term loans to help stabilize the supply of critical minerals.
