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).

According to the General Customs Administration of Mongolia, the country’s coal exports reached approximately 58.4 million tons in the first nine months of this year — nearly the same level as during the same period last year, down by just 1.3%.

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.