Recent news
Justifying the expanded budget for the election year 2024
The 2024 budget figures can be explained by the upcoming elections, but if you look at them carefully, the budget includes the inevitable increase in salaries, pensions, and allowances approved by law,” Finance Minister B. Javkhlan said.
MONGOLIA IS PREPARING TO ENTER THE GLOBAL URANIUM MARKET
In May 2023, French President Emmanuel Macron paid a state visit to our country. During the visit, the two countries agreed to cooperate in several areas, including in the uranium sector. Five months later, the first state visit of Mongolian President U. Khurelsukh to France took place on October 10-14 at
MONGOLIA MUST DEVELOP POLICIES FOR ADVANCED TECHNOLOGY INDUSTRIES
In addition to mega projects such as the construction of a copper smelter and industrial complex that have been discussed for ten years, the time has come to lay down the foundations for high-tech industry that is capable of manufacturing finished products, even small ones.
Countries around the world are focusing on dominating the market with green technologies. That also means correctly assessing future demand for copper. Mongolia currently exports raw materials such as copper on a small scale, and needs vision and integrated policies to develop high-tech value-added industries.
G.Manlaijav: Mongolia will emerge as a new player in the global uranium market
Human development cannot be separated from energy. The development path of any country is inextricably linked to the energy sector. Currently, there is a growing demand for inexpensive, safe, and clean energy all over the world. To address the challenges of global climate change, and energy crisis and meet the growing demand, countries are increasingly interested in nuclear energy.
ENERGY “POWER BANK”
Within the framework of Mongolia’s long-term development policy, “Vision-2050” and the Government’s “New Revival Policy”, the task of accelerating the revival of the energy sector is being successfully implemented.
OUR MISCONCEPTIONS ABOUT WEALTH FUNDS
“The state policy on the use of the natural resources shall rely on the long-term development policy to endorse rights of each citizen in current and future generations to live in a healthy and safe environment, consolidate returns on land subsoil wealth at the Sovereign Wealth Fund for equal and fair distribution”. Constitution of Mongolia Provision 2 of Article 6.
N. Byambasuren: Our main goal is to support customers through our products and services
The upcoming "Mongolia Mining 2023" international mining and oil expo, now in its 12th year, is set to gather the premier companies from Mongolia's thriving mining sector. In an insightful discussion, I had the privilege of speaking with N. Byambasuren, CEO of Mines Up LLC, silver sponsor of the expo. Mines Up LLC is set to contribute its expertise and innovation to the industry showcase.
THE MONTH WHEN GLOBAL INVESTORS FLOCKED TO MONGOLIA
The “Mongolian Economic Forum - 2023” was held in Ulaanbaatar on 9-10 July. The investment conference was attended by more than 500 guests and representatives, including heads of well-known international investment organizations, economists, experts, and journalists from foreign media. It was organized on the occasion of the Year of Visiting Mongolia, just before the national holiday Naadam, to promote Mongolia and its culture and heritage
Despite setbacks, the Mineral Commodity Exchange has started working
Six months have passed since the draft Law on Mineral Commodity Exchange was finally approvedon December 23, 2022, by a majority vote of all members of Parliament. It had taken a year since the former Minister of Mining and Heavy Industry G. Yondon had presented the draft law at a meeting of the Standing Committee on Economics. On 27 January last year.
Mongolians can export mining-based IT knowledge
As mining continues to be the backbone of our economy, the Law on Mining Products Exchange, to be enacted soon, should incentivise to revenue from this industry. However, the mining exchange system should not be uncertain.
