Unscheduled technical downtime inflicts severe financial losses on mining companies, driving an ongoing industry search for advanced wear reduction and cost-saving methods.

Unscheduled downtime and premature equipment wear remain among the most critical cost drivers in the mining industry.

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.