The Mongolian Mining Journal

PROGRESS ON RIO TINTO NEGOTIATIONS BUT ARE THEY ENOUGH? The government announced to the public on June 30, in a brief statement, outlining the outcome of the Oyu Tolgoi negotiations to reduce the project's loan interest rate. Specifically, it announced that the interest rate on shareholder loans financing the Oyu Tolgoi project would be reduced from 10.5% (6.5% + SOFR) to 7.9% (4% + SOFR).

COKING COAL MARKET GAINS MOMENTUM BUT FUTURE UNCERTAINTIES REMAIN The coking coal market has shown clear signs of recovery over the past three months, with prices strengthening and overall market conditions improving.

SCOTT HAYNE: “COMBINING 60 YEARS OF GLOBAL UNDERGROUND EXPERTISE WITH LOCAL CAPABILITY TO DEVELOP THE NEXT GENERATION OF MONGOLIA’S MINING WORKFORCE.” Interview with SCOTT HAYNE, Senior Vice President, Redpath Canada Limited

MONGOLIA'S LOST OPPORTUNITIES FROM COPPER Twenty copper projects that could generate 4.1 trillion MNT in Mineral Resource Royalty (MRR) revenue for the state budget and attract 5.7 trillion MNT in investment have been placed on indefinite hold.

CAVING 2026 CONFERENCE BRINGS GLOBAL MINING EXPERTISE TO ULAANBAATAR The Caving 2026 Conference is being held in Ulaanbaatar from August 11 to 13, bringing together mining industry professionals, researchers and technical experts to discuss the latest developments in block and sublevel caving.

MONGOLIA AT THE THRESHOLD OF THE GLOBAL CRITICAL MINERALS NETWORK At the invitation of President of Mongolia U. Khurelsukh, President of the Republic of Korea Lee Jae Myung paid a state visit to Mongolia from 9 to 11 July 2026. One of the central issues discussed during the visit was cooperation in critical minerals.

SSAB & ZME LLC: REVOLUTIONIZING MONGOLIAN MINING WITH ADVANCED WEAR SOLUTIONS Unscheduled downtime and premature equipment wear remain among the most critical cost drivers in the mining industry.

SSAB SWEDEN INTRODUCES PREMIER COST-SAVING SOLUTIONS TO MONGOLIAN MINING ENGINEERS Unscheduled technical downtime inflicts severe financial losses on mining companies, driving an ongoing industry search for advanced wear reduction and cost-saving methods.

SETTLEMENT AREAS REQUIRE LONG-TERM SUSTAINABILITY PLANNING As Mongolia's mining sector continues to develop, new settlement areas supported by infrastructure and centered on mining activities have been emerging in rural regions. One of the most recent examples is the "Gurvantes New Settlement Zone" in Umnugobi Aimag.

Victoria Delmon Announced as World Bank Group New Country Manager for Mongolia The World Bank Group today announced the appointment of Victoria Delmon as Country Manager for Mongolia, a position that unifies country-level leadership across the World Bank, IFC, and MIGA to better support public and private sector clients.

MiningWeek & MinePro 2026: An International Platform Shaping the Future of Mongolia’s Mining Sector The MiningWeek & MinePro 2026 International Mining Exhibition and Convention, bringing together Mongolia’s mineral resources policy, investment, technology, innovation, and supply chain ecosystem, will take place for the fifth consecutive year from 16–18 September 2026 at the foothills of Taij Khairkhan in Nalaikh District, Ulaanbaatar.

COPPER IS CENTRAL TO MONGOLIA’S GROWTH BUT REQUIRES POLICY SHIFTS Mongolia’s coal exports have reached historic highs in recent years and have become the main driver of GDP growth.

B. BYAMBADAGVA: POLICY SUPPORT CRUCIAL FOR INCREASING MONGOLIA'S THERMAL COAL EXPORTS Although rising fuel prices are putting some pressure on coal exports, market prices continue to trend upward. MMJ journalist B. Tugsbilegt spoke with B. Byambadagva, President of the Mongolian Coal Association, about the key challenges facing Mongolia's coal sector, opportunities to increase exports, trends in China's coal market, and related issues.

PARLIAMENT APPROVES CONSIDERATION OF LONG-AWAITED DRAFT MINERALS LAW Parliament has approved consideration of the draft Minerals Law, which was submitted to Parliament by the Government on May 26, 2026.

UNCERTAINTY OVER OYU TOLGOI'S ECONOMIC BENEFITS Mongolians are hopeful that Prime Minister N. Uchral and his team will be able to bring the Oyu Tolgoi negotiations to a successful conclusion.

AMCHAM MONGOLIA HOLDS MONTHLY MEETING ON MONGOLIA'S STRUGGLE FOR ECONOMIC FREEDOM The American Chamber of Commerce (AmCham) Mongolia held its June Monthly Meeting under the theme "Mongolia's Struggle for Economic Freedom: Corruption, Commerce and Commitment," providing a platform for dialogue on issues affecting Mongolia's business and investment environment.

THE NEVER-ENDING TALKS WITH COMPANIES HOLDING STRATEGIC DEPOSITS On May 11, Prime Minister N. Uchral invited the executives of companies holding strategically important mineral deposits to the State Palace to brief them on a new draft law that the government is preparing to submit to Parliament for implementation in the mining sector.

SSAB and Hardox Wear Parts Center Mongolia to Host Technical Seminar for the Mining Sector International senior experts from SSAB, the Scandinavian steelmaker driving global trends in steel manufacturing technology and a leader in premium high-strength, wear-resistant steel, are set to arrive in Mongolia.

T. Zorigtsaikhan: FLS Mongolia is Ready to Support the Next Generation of Mining Development In this interview, T. Zorigtsaikhan, Business Development Director at FLS Mongolia, shares how the company builds long-term client trust, tackles the industry's talent challenges by offering global opportunities for young engineers, and delivers smart, digital solutions to pave the way for sustainable mining.

ORANO HOLDS OPENING CEREMONY FOR MONGOLIA’S ZUUVCH-OVOO URANIUM PROJECT To mark the commencement of the construction phase of the Zuuvch-Ovoo Project, an official opening ceremony was held on June 3, 2026, in Ulaanbadrakh soum of Dornogobi Province, Mongolia.