The Mongolian Mining Journal

PDAC 2025 draws 27,353 participants to Toronto Toronto – The Prospectors & Developers Association of Canada (PDAC) proudly celebrated another landmark gathering with PDAC 2025, which brought together 27,353 participants to explore premier business prospects, investment opportunities, and professional networks in the global mineral exploration and mining sphere.

Mongolia to Showcase its Mineral Resources at PDAC 2025 in Toronto Toronto, Canada — The 93rd annual Prospectors & Developers Association of Canada (PDAC) Convention will take place from March 2 to March 5, 2025, in Toronto, Canada. The event, one of the largest gatherings of mining professionals in the world, will feature key players from the global mining sector, including a strong delegation from Mongolia.

Japan to give Mongolia $3.7 million grant aid for infrastructure Japan on Tuesday promised 545 million yen ($3.7 million) in grant aid to Mongolia to help improve the infrastructure of the strategically key nation sandwiched between China and Russia.

Mongolia to Showcase its Mineral Resources at PDAC 2025 in Toronto Toronto, Canada — The 93rd annual Prospectors & Developers Association of Canada (PDAC) Convention will take place from March 2 to March 5, 2025, in Toronto, Canada. The event, one of the largest gatherings of mining professionals in the world, will feature key players from the global mining sector, including a strong delegation from Mongolia.

ERDENES TAVANTOLGOI JSC HAS TRADED 64,000 TONS OF 1/3 COKING COAL Erdenes Tavantolgoi JSC successfully traded 64,000 tons of 1/3 coking coal through the Mongolian Stock Exchange on February 20, 2025. The transaction was completed at a price of 72.4 USD per ton, with the coal to be delivered to the Gantsmod border checkpoint.

MONGOLIA AND FRANCE LAUNCH JOINT URANIUM PROJECT AT WORLD-CLASS "ZUUVCH-OVOO" DEPOSIT On January 17, 2025, the Government of Mongolia and French-registered Orano Mining SAS, an investor in the Mongolian- French joint venture Badrakh Energy LLC, signed an $1.6 billion investment agreement in Ulaanbaatar for the long-term development of the Zuuvch-Ovoo uranium deposit, located in Ulaanbadrakh soum, Dornogobi aimag.

Mongolian coal export performance in January and key influencing factors Over the past few decades, Mongolia has seen a significant transformation in its economy, shifting from an agricultural base to one dominated by mining.

G. YONDON: ERDENET PLANT'S RESERVES ARE PROJECTED TO LAST UNTIL 2079 MMCG Research and Consulting Services conducted the study and presented its findings in the report titled "The Impact and Contribution of the Erdenet Mining Corporation on the Society and Economy of Mongolia: Past, Present, and Future." The study aimed to offer a concise overview of the plant's performance through numerical data.

THE GASHUUNSUKHAIT-GANTSMOD RAILWAY: A PATH TO UNDERSTANDING WITH THE SOUTHERN NEIGHBOR The draft resolution to establish a cooperation agreement between the governments of Mongolia and China regarding the Gashuunsukhait-Gantsmod cross-border railway, coal trade, and the expansion of the Tavan Tolgoi coal mine was discussed at the regular Government meeting on January 22.

J. ZOLJARGAL: DISCOUNTED COAL PRICES FOR MONGOLIA POSSIBLE WITH REDUCED DEPENDENCE ON SINGLE BUYER Mongolia's primary export is coal, with the country achieving a historic milestone by exporting 83.7 million tons last year. We discussed the successes, challenges, key issues, and future trends in the coal sector with Member of Parliament J. Zoljargal.

PARLIAMENT TO RATIFY GASHUUNSUKHAIT-GANTSMOD CROSS-BORDER RAILWAY AGREEMENT IN APRIL The Prime Minister of Mongolia, L. Oyun-Erdene, is set to visit the People’s Republic of China from March 13 to 15. During his visit, he will participate in the finalization and signing of the Gashuunsukhait-Gantsmod Cross-Border Railway Agreement between the two countries.

PDAC 2025: MESSAGE FROM THE PRESIDENT PRELIMINARY PROGRAM I am delighted to introduce PDAC 2025 – the world’s premier mineral exploration and mining showcase. Since 1932, the Convention has grown not only in size and influence, but also in its ability to foster critical discussions, unveil cutting-edge innovations, and connect industry leaders from across the globe.

Potential mergers could consolidate global copper production under two major players If the proposed mergers between BHP and Anglo American, as well as Rio Tinto and Glencore, are successful, the two resulting entities could control up to 16 percent of global copper production.

AUSTRALIA DAY 2025 Australia Day is observed on 26 January every year. On our national day, we reflect on 65,000 years of history and culture. We celebrate our nation, its achievements and most of all, its people.

IFC Invests in Ulaanbaatar’s Pioneering Municipal Bond to Support Mongolia’s Energy Transition The Governor’s Office of the Capital City of Mongolia (MUB) has successfully issued its first over-the-counter (OTC) market bond through a private placement to the International Finance Corporation (IFC). The proceeds will fund a new 50-megawatt Battery Energy Storage System (BESS) in Baganuur District, enhancing Mongolia's power supply reliability and supporting renewable energy integration.

TOUGH CHALLENGES AHEAD FOR COAL MINES AND POWER PLANTS Thirty-four years after Mongolia transitioned to a market economy, the energy sector remains the only one yet to fully integrate into the market. It has long been a subject of public criticism that the sector operates at a loss and relies on government subsidies. However, the recent bold decision to raise energy prices to reflect real costs is being hailed as a 'historic' move.

S.SANASER: GOOD CORPORATE GOVERNANCE ENHANCES PROFITABILITY, EFFICIENCY, AND ACCOUNTABILITY. We spoke with S. Sanaser, an economist, PhD in Business Administration, and governance consultant, about the development of management systems and governance in state-owned companies.

GREEN ENERGY SECTOR ATTRACTS $1 BILLION IN FINANCING On January 21, Mongolia’s Deputy Prime Minister, Dorjkhand Togmid, and the First Vice President of the European Bank for Reconstruction and Development (EBRD), Jürgen Rigterink, signed a Memorandum of Understanding to collaborate on renewable energy investments.

IFC Announces Matthieu Le Blan as New Resident Representative for Mongolia Ulaanbaatar, Mongolia, January 21, 2025— IFC, a member of the World Bank Group, has announced the appointment of Matthieu Le Blan as Resident Representative for Mongolia, based in Ulaanbaatar.

THE INVESTMENT AGREEMENT WILL BE SIGNED ON JANUARY 17 The Government of Mongolia has decided to sign an Investment Agreement with Orano Mining on January 17.