Mongolia’s Largest Mining Event Highlights Investment and Responsible Mining

Economy
ooluun@montsame.gov.mn
2025-09-12 16:01:34

Ulaanbaatar, September 11, 2025 /MONTSAME/. Mongolia’s largest mining event, “Mining Week & MinePro 2025,” officially opened on September 11, 2025, at the foot of Taij Khairkhan Mountain in Nalaikh District.


This event is not only a significant gathering for Mongolia’s mining industry but has also evolved into a major platform for defining new opportunities for economic growth, investment, and international cooperation. This year, it is being held under the theme “A New Cycle for the Mineral Sector: Investment and Responsible Mining.”

The opening ceremony of Mining Week was attended by officials including the Prime Minister of Mongolia Zandanshatar Gombojav, Deputy Prime Ministers Amarsaikhan Sainkhuu and Dorjkhand Togmid, Minister of Industry and Mineral Resources Damdinnyam Gongor, Chairman of the Board of the Mongolian National Mining Association Battsengel Gotov, President and CEO of the Mining Association of Canada Pierre Gratton, Secretary General of the China Mining Association Che Changbo, President of the Colombian Mining Association Juan Camilo Nariño, members of the Mongolian parliament, representatives from government and private sectors, ambassadors, international organizations, investors, chambers of commerce, and mining professionals from Mongolia and abroad.

In his speech, Prime Minister Zandanshatar emphasized that the Government of Mongolia is launching the "Mining and AI" initiative and aiming to foster mutually beneficial cooperation with experts and investors in the mining and technology sector. He stressed the importance of going beyond extraction by producing value-added products, adopting technology, and innovation to enhance competitiveness. Highlighting the Government's policies on green development, digital transformation, and sustainable and responsible mining, the Prime Minister reaffirmed its commitment to transparency and accountability and to prioritizing regional development and the interests of local communities.


Highlights from key officials:

Prime Minister Zandanshatar Gombojav:
"Today's mining sector cannot be separated from environmental responsibility, social accountability, digital transformation, and the Fourth Industrial Revolution. Therefore, the Government will prioritize integrated policies on green development, digital transformation, and sustainable and responsible mining."


Deputy Prime Minister Amarsaikhan Sainkhuu:
"We cannot allow the mining sector to focus only on exports, local governments on budgets, and citizens solely on land and pasture, while our youth, our future workforce, remain directionless. We must take a holistic approach to address these challenges."


Deputy Prime Minister Dorjkhand Togmid:
"Over the past 10 years, Mongolia has received 29.2 billion US dollars in foreign investment, 74 percent of which, USD 21.7 billion, was directed toward the mining sector. This trend is expected to persist."


Minister of Industry and Mineral Resources Damdinnyam Gongor:
"A legal analysis of 10 current laws governing the mineral sector found 267 overlaps, 150 conflicts, and 150 gaps, highlighting the urgent need to reform the legal environment. Our ministry is now working on a draft law to amend the Minerals Law. Mining companies must also focus on improving employee skills and increasing productivity. In 2024, the mineral sector contributed 27 percent, amounting to MNT 22 trillion, to the national GDP."


Executive Director of Erdenes Mongol LLC Narantsogt Sanjaa:
"The government will focus on developing infrastructure such as railways, roads, and water systems through public investment, allowing the private sector to operate more efficiently. More experienced and economically efficient companies should operate in the extraction field. We will support the private sector’s best practices."


The fourth edition of the exhibition features participation from nine countries’ business associations and chambers of commerce, 250 supplier companies, and more than 50 mining companies. Spanning nine hectares, the event consumes around 9,000 kilowatt-hours of energy over three days, with 10 percent supplied from renewable sources. The outdoor exhibition showcases new machinery and equipment, while the indoor space focuses on innovation, projects, and partnership opportunities. 


The three-day Mining Week event continues with key forums and discussions. On the second day, the agenda focuses on investment and global trends in the mineral sector.


On September 13, the closing day, a mini-festival and a youth-focused open event are scheduled to conclude the Week.











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