The Mongolian Mining Journal

G. YONDON: A COPPER CONCENTRATE PROCESSING PLANT WILL ENSURE EFFICIENCY AND REDUCE WASTE We need to first mention the foundational concept known as the ‘Four Tree Structure’ which initiated the establishment of manufacturing and processing plants. As part of the 2020-2024 Government Action Program, construction of heavy industry plants in various locations with developed infrastructure and proximity to population centers was endorsed by the Parliament on August 28, 2020. These decisions were made at the policy level.

ERDENES TAVANTOLGOI JSC OPENS COAL CONCENTRATION PLANT WITH ANNUAL CAPACITY OF 10 MILLION TONS Erdenes Tavantolgoi JSC is implementing 10 major projects of strategic importance. One of these projects, the Coal Concentration Plant project, was launched in 2022, and today, the first stage of the project—a plant with a capacity of 10 million tons of coal per year—has been put into operation.

S. NARANTSOGT: WE WILL DEVELOP A CLUSTER FOR SYSTEMATIC PRODUCTION OF VALUE ADDED PRODUCTS S.Narantsogt, CEO of Erdenes Mongolia LLC, discussed strategically important initiatives, including the establishment of an industrial complex outlined in the medium-term strategic plans of the Erdenes Mongolia group. He also highlighted the investment agreement with the French state-owned company Orano Mining.

A coal-chemical complex will be built based on the Baganuur deposit Erdenes Mongol LLC aims to establish a coal-chemical complex to leverage its resources for producing value-added products.

Tavantolgoi Coal Loading Logistics Center is now fully operational The Tavantolgoi coal loading logistics center featuring fully automated engineering facilities has been established.

Oyu Tolgoi Donates Advanced Equipment Worth MNT 1.5 Billion to the Forestry Department On June 7, Oyu Tolgoi company donated vital equipment valued at MNT1.5 billion to the Forestry Department, Government Implementing Agency (GFA), to boost the capacity of long-established tree nurseries.

MNMA Attended the "Astana Mining & Metallurgy" Congress MNMA's International Partnership Manager, Zorigt Jargalsaikhan, participated in the Astana Mining & Metallurgy Congress and had several important meetings:

AUSTRALIA sIGNS Partnership Agreement WITH GERMANY TO SUPPORT the Vocational Education and Training Sector in MONGOLIA Ulaanbaatar. Today, the Australian Embassy and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) signed a partnership agreement to jointly support the technical and vocational education and training (TVET) sector in Mongolia. The “Cooperative TVET II” (cTVET II) project builds on the result of the cTVET I project, implemented on behalf of the German Federal Ministry for Economic Cooperation and Development in close cooperation with Mongolian Ministry of Education and Science

The construction of 6.9 km of the Shiveekhuren port railway is complete On May 29, 2024, the Ministry of Road and Transport Development informed that the construction of the 6.9 km railway connecting Mongolia's Shiveekhuren port with China's Ceke port has been completed.

IFC to Advise Government of Mongolia on its First Competitively Tendered Renewable Energy IPP The Government of Mongolia and IFC, a member of the World Bank Group, have signed a landmark agreement that will harness private sector capital and expertise to develop wind power in the country.

S. NARANTSOGT: WE WILL DEVELOP A CLUSTER FOR SYSTEMATIC PRODUCTION OF VALUE-ADDED PRODUCTS S. Narantsogt, CEO of Erdenes Mongolia LLC, discussed strategically important initiatives, including the establishment of an industrial complex outlined in the medium-term strategic plans of the Erdenes Mongolia group. He also highlighted the investment agreement with the French state-owned company Orano Mining.

Copper concentrate to be sold on the exchange market The production and export of Mongolia’s mining products contributes 27% of Mongolia’s GDP, and constitutes 71% of the industrial sector, 92% of export income, 77% of foreign direct investment, and 32% of the state budget income. While relying heavily on one sector isn’t ideal, these statistics highlight the mining sector’s crucial position as the primary driver of Mongolia’s economy now and in the foreseeable future.

THE MINGOMBA HIGH-GRADE COPPER DISCOVERY: WHERE HUMAN INTELLIGENCE MEETS ARTIFICIAL INTELLIGENCE In February of 2024, it was reported that Kobold Metals had characterized an ultra-high-grade copper deposit in Zambia, of similar grade and scale with the Kamoa-Kakula deposit

Build Mongolia 2024 Build Mongolia 2024 International exhibition of construction, mining, energy, infrastructure and advanced technology was held in Steppe-Arena

6th Gold application engineer in the world Transvest Mongolia LLC is the official distributor of Komatsu.

B. BAT-ERDENE: SUPPORTING RESPONSIBLE MINING IS NOT JUST A MINING INDUSTRY PROBLEM 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.

SUCCESSFUL AND EXPANDING COMMODITY EXCHANGE TRADING BOOSTS MONGOLIAN ECONOMY 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.

MONGOLIA PREPARES FOR THE NEXT STEP IN THE MINING INDUSTRY 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.

J. GANBAT: ERDENES TAVANTOLGOI WILL ESTABLISH A STABLE AND TRANSPARENT SYSTEM MMJ journalist B. Ariunaa interviewed the Special Plenipotentiary Representative of the Government, J. Ganbat, about the activities of Erdenes Tavantolgoi JSC, the best investor in the mining industry, and the developments and problems faced by the company in recent years.

Positive economic indicators as impact of coal In 2023, Mongolia traded with 163 countries, and the total trade turnover reached $24.4 billion. Of this, exports totaled $15.1 billion, and imports $9.2 billion, resulting in a surplus of $5.9 billion. Compared to the same period last year, exports increased by $2.6 billion (21.9%) and imports by $54.1 billion (6.3%), the National Statistics Office said.