Ulaanbaatar
Investment Opportunity in Mongolian Mining Introduced in London
Economy
Ulaanbaatar, February 26, 2026
/MONTSAME/. The Ministry of Mining and Heavy Industry, in collaboration
with the Mongolian National Mining Association, organized the “Mining Week
& MinePro 2026” event on February 24, 2026, in London, to increase foreign
investment and enhance strategic capital cohesion in the mining industry.
During the event, Minister of Mining
and Heavy Industry Damdinnyam Gongor highlighted Mongolia’s mining sector
policy, legal framework, investment climate reforms, and strategic trends. He emphasized
the government’s policy of supporting sustainable development, transparency,
international standards, and long-term investment in the sector.
Representatives of the MNMA,
business entities, UK-based financial and international financial institutions,
institutional investors, capital market professionals, and mining sector
representatives participated and exchanged views. As part of the event, a panel
discussion titled “From Strategy to Capital,” presentations on mining projects,
and market discussions were held, along with B2B meetings with investors.
On the same day, Minister Damdinnyam
met with Greg Guyett, First Vice President of the European Bank for
Reconstruction and Development (EBRD), to discuss cooperation between Mongolia
and the EBRD in the mining sector. During the meeting, the EBRD expressed its
interest in cooperating on major industrial projects planned by the Government
of Mongolia.
The parties also agreed to cooperate on conducting comprehensive baseline geological surveys across Mongolia and advancing digitalization in this area. Since 2006, the EBRD has provided more than EUR 2.5 billion in financing for 166 projects in Mongolia.
In addition, Minister Damdinnyam met with Chris McDonald, UK Minister for Industry at the Department for Business and Trade. The parties agreed to establish a joint working group between the two ministries to implement the Memorandum of Understanding on cooperation in the mining sector signed between Mongolia and the United Kingdom in 2024. They also agreed to explore opportunities for cooperation in financing joint baseline geological surveys in Mongolia, exchanging information, and supporting specialist training and capacity building.
