"From Strategy to Capital” Discussed in London www.mininginsight.mn

“MiningWeek & MinePro 2026” was successfully held in London on February 24, 2026, in cooperation with the Ministry of Industry and Mineral Resources. The event aimed to enhance foreign investment in Mongolia’s mining sector and strengthen the linkage between strategy and capital. In his opening remarks, Minister of Industry and Mineral Resources G. Damdinnyam highlighted Mongolia’s mining policy framework, legal and regulatory environment, ongoing investment climate reforms, and future strategic directions. He also emphasized the government’s commitment to supporting sustainable development, transparency, international standards, and long-term investment in the mining sector.

The event brought together a distinguished group of participants, including Fiona Blyth, Ambassador of the United Kingdom to Mongolia, Erdenetuya Ganbold, CEO of MNMA, representatives of enterprises, UK-based financial institutions, international financial organizations, institutional investors, capital market professionals, and mining sector stakeholders. In total, more than 80 participants attended and exchanged views.

A panel discussion under the theme “From Strategy to Capital” was held, accompanied by project presentations, market discussions, and B2B meetings with investors. 

Export Expansion Highlighted at Japan Investment Day www.montsame.mn

“Japan Investment Day” was organized at the Investor Protection Center under the Ministry of Economy and Development.

Vice Minister of Economy and Development Davaasuren Sodnomdarjaa highlighted, “The Japan Investment Day event is the beginning of future effective collaborations to come and will expand opportunities to enrich the Mongolia-Japan Special Strategic Partnership with economic content.

Participants emphasized the importance of introducing Japan’s advanced technology, quality standards, and management practices to accelerate renewable energy development and the energy transition, foster value-added production in the critical minerals and agricultural sectors, and ensure infrastructural sustainability. They also noted that the Government of Mongolia places special importance on concluding trade agreements to expand foreign trade opportunities and diversify export markets.

Within the framework of the “Special Strategic Partnership for Peace and Prosperity,” Mongolia and Japan continue to broaden their cooperation, with economic relations and investment serving as key pillars of the partnership. The Government is focusing on creating a stable, transparent, and predictable environment for investors and is currently drafting amendments to the Law on Economic Freedom, proposed revisions to the Law on Investment, and a revised version of the Law on Permits.

In his remarks, Japanese Ambassador to Mongolia, Igawahara Masaru, expressed commitment to close cooperation to foster efficient collaboration and a sustainable legal environment as a bridge between Mongolian and Japanese entrepreneurs.

The Japanese side emphasized the need to ensure a stable and predictable tax environment, improve tax policies and broader regulatory frameworks applicable to foreign investors, and clarify investment incentive mechanisms. They also proposed deepening cooperation in the mining sector, holding regular B2B meetings in the wool and cashmere industry, and developing more coordinated mechanisms for equipment financing and export insurance. In addition, the Japanese side raised concerns regarding the lengthy preparatory phases, stringent requirements, and qualification criteria associated with participation in large-scale infrastructure projects, noting that greater alignment and coordination are needed to enhance cooperation.

Japan accounts for 4.1 percent of Mongolia’s total foreign trade turnover, including 0.1 percent of exports and 9.6 percent of imports. In the first half of last year, Japan invested USD 1.7 billion in direct investment, representing 3.5 percent of total foreign investment.

 “Japan Investment Day” aims to elevate bilateral economic cooperation to a new level, strengthen mutual understanding and trust, and provide momentum for advancing concrete projects.

Erdenes Tavantolgoi to Distribute MNT 786.6 Billion in Dividends www.montsame.mn

 Executives of Erdenes Tavantolgoi JSC presented the company’s 2025 operational report, its 2026 business plan, and expected performance indicators to journalists.

Last year, the company mined 30.2 million tonnes of coal, of which 27.6 million tonnes were sold, generating revenue of USD 1.7 billion. It contributed MNT 1.6 trillion in taxes to the State Budget of Mongolia.

Despite a downturn in the coal market and falling prices in 2025, the company reported a net profit of MNT 1.1 trillion. It also contributed to increasing Mongolia’s foreign exchange reserves and decided to distribute MNT 786.6 billion in dividends to its shareholders.

In addition, value-added projects — including a coal beneficiation plant, the Tavantolgoi coal loading logistics center, the Zagiin Water Pipeline, and a coal transport conveyor system — have been commissioned. These projects are expected to enhance resource utilization and create conditions for long-term, efficient, and sustainable operations.

For this year, the company plans to mine 35 million tonnes of coal and sell 32.9 million tonnes, with projected revenue of MNT 7.9 trillion, officials noted.

New Payment and Funding Regulations to Boost Family and Soum Health Centers www.montsame.mn

The National Council for Health Insurance convened on February 25 and unanimously approved Resolution No. 03 on “Revising Payment Rates, Payment Methods, and Procedures” at its final stage of discussion.

Under Resolution No. 03, which defines policy direction and financing for primary health care services, a total of MNT 133 billion in additional funding has been allocated — MNT 56 billion to family health centers and MNT 77 billion to soum health centers — marking a landmark decision.

The key reforms introduced by the resolution include establishing a gatekeeping system, strengthening the management of chronic diseases, placing special emphasis on life expectancy — particularly men’s health — improving access to services, enhancing human resource policy, increasing the per capita base tariff, and integrating the incentive system.

The resolution aims to ensure more effective implementation of the health insurance system by introducing performance-based evaluation and incentives for primary-level family, soum, and village health institutions based on citizen registration, monitoring, and service delivery, while improving access to quality health services for the public.

Government Orders Uninterrupted Goal Transportation Through Gashuunsukhait, Khangi Border Crossings www.montsame.mn

At its regular session on February 25, the Cabinet approved a resolution on some measures to improve transport coordination at certain border crossings.

Under the resolution, Minister of Finance Javkhlan Bold, along with authorities of the General Customs Administration and the General Authority for Border Protection, have been tasked to urgently resolve the installation of smart customs gate equipment at the driver-operated vehicle entry section of the automated container transport terminal at the Gashuunsukhait border crossing in Umnugobi aimag.

In addition, relevant authorities were instructed to ensure the swift clearance through the Gashuunsukhait and Khangi border crossings of coal traded via the Mining Products Exchange and coal transported by the Mongolian Railway state-owned enterprise. The measures aim to guarantee the uninterrupted operation of coal transportation exports.

Concessional Loan Agreement Signed Under ‘White Gold’ National Movement www.montsame.mn

 A signing ceremony was held on February 25 for a concessional loan financing agreement to be provided in 2026 under the “White Gold” national movement initiated by the President of Mongolia.

The ceremony was attended by Minister of Food, Agriculture and Light Industry Badamsuren Myagmarsuren, along with executives of nine banks, including Trade and Development Bank, State Bank, and Golomt Bank.

Speaking at the event, Minister Badamsuren expressed gratitude to the bank leaders and staff for supporting and cooperating in implementing sectoral policies and decisions. He emphasized that the results of national movements and programs demonstrate the importance of state support for the private sector through effective policies and concessional loans. The ministry is working on draft legislation aimed at creating a favorable legal environment to enhance the competitiveness of enterprises, including support measures such as preferential loans, land allocation, and tax incentives.

Under the approved 2026 state budget, MNT 350 billion is planned to be allocated within the framework of the “White Gold” movement. Last year, under the initiative, a total of MNT 509 billion in concessional loans for both working capital and investment financing was provided to 182 wool, cashmere, and leather processing factories and enterprises, including repeat borrowers.

As a result, 70 percent of raw cashmere was prepared by domestic producers, while exports of combed cashmere reached a historic high of 4,000 tonnes, valued at USD 330.6 million. In addition, spinning capacity increased by 400 tons and knitting capacity by 200,000 pieces.

Mongolia Moves to Next Stage of Copper Smelter Selection Process www.montsame.mn

A working group established under the Prime Minister’s 2025 decree presented to the Cabinet a progress report on the project to build a copper concentrate smelting and processing plant within the framework of the Industrial and Technology Park based on Erdenet Mining Corporation.

Project information was delivered to 55 companies from more than 20 countries that are recognized as global leaders in copper and metallurgy. Of these, 13 companies from seven countries submitted proposals expressing interest in investing and cooperating in the project. Based on an evaluation of experience in implementing similar projects, technical and technological solutions, financial and economic capacity, and other criteria, four legal entities from two countries have been shortlisted, and preparation is underway for the next stage of the selection process, the Government’s Media and Public Relations Department reported.

The shortlisted participants include China’s NFC, Jiangxi Copper, and a consortium comprising Liantou New Energy Technology, China ENFI Engineering Corporation, and Shanxi Northern Copper Industry, as well as Switzerland’s Glencore International AG.

At its session on February 25, 2026, the Cabinet assigned the working group to approve the selection documents to be delivered to the shortlisted participants, to evaluate the submitted materials, and conduct the selection process. The Chief of the Cabinet Secretariat, Byambatsogt Sandag, was instructed to present the results to the Cabinet session in May this year.

Investment Opportunity in Mongolian Mining Introduced in London www.montsame.mn

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.

Mongolia Seeks London Stock Exchange Listings for Mining Companies www.montsame.mn

Minister of Industry and Mineral Resources Damdinnyam Gongor met with Chief Executive Officer of the London Stock Exchange Julia Hoggett in London to discuss supporting Mongolian mining companies in listing on the exchange and attracting investment. The sides also exchanged views on enriching the operations of Mongolia’s mining products exchange with diversified financial instruments.

They further discussed utilizing stock exchange mechanisms as an effective option to channel benefits from mining projects to citizens through the national Wealth Fund, enhancing public knowledge and experience in capital markets, and introducing greater use of digital platforms. The Ministry of Industry and Mineral Resources reported that the parties agreed to study the London Stock Exchange’s experience and cooperate in these areas. The meeting is expected to facilitate the entry of Mongolian mining companies into global financial markets, open new sources of investment, and enhance public financial literacy.

Established in 1801, the London Stock Exchange is one of the world’s oldest and largest stock exchanges, hosting more than 1,000 listed companies from over 60 countries with a combined market capitalization of approximately USD 5.9 trillion. Its principal equity markets include the Main Market for large global companies and AIM (Alternative Investment Market) for smaller and high-growth firms, alongside markets for bonds, ETFs, and derivatives.

TMK Energy Sets New Gas Output Record at Mongolian CSG Pilot www.tipranks.com

The latest announcement is out from TMK Energy Limited ( TMK +18.56% ▲ ).

TMK Energy has reported a new daily gas production record of more than 25,000 standard cubic feet at its Gurvantes XXXV coal seam gas project in Mongolia, following the rebound in output after planned shut-ins of two pilot wells for pressure build-up tests. The tests confirmed reservoir pressure is falling in line with the company’s model, a key condition for gas desorption from coal seams and an important indicator for long-term project viability.

The LF-07 well has emerged as the standout performer, with gas production climbing above 13,000 scfd and showing a steady upward trend, supported by indications that gas is being desorbed from one of the highest wells in the structure. Management highlighted that the recent performance suggests the development of a localized gas saturation zone and bolsters confidence in expanding gas saturation across the field, reinforcing the project’s potential and supporting a more optimistic outlook for shareholders as production trends strengthen.

The most recent analyst rating on TMK +18.56% ▲ stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on TMK Energy Limited stock, see the AU:TMK Stock Forecast page.

More about TMK Energy Limited

TMK Energy Limited is an Australian-listed exploration and production company focused on coal seam gas development. Its flagship asset is the 100% owned Gurvantes XXXV CSG Project in Mongolia, where the company is advancing a pilot well program to assess commercial gas production potential in a growing regional energy market.