Mongolia’s Largest Mining Event Highlights Investment and Responsible Mining
Economy
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 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.