1 RIO TINTO AGREES NEW FINANCIAL TERMS FOR $18BN COPPER MINE PROJECT WWW.FT.COM PUBLISHED:2026/07/01      2 RIO TINTO'S OYU TOLGOI RESET: MONGOLIA PUSHES FOR A BIGGER SHARE OF ITS MINING WEALTH WWW.CAPITALMARKETS.MN PUBLISHED:2026/07/01      3 PRIME MINISTER UCHRAL: GOVERNMENT ACHIEVES HISTORIC BREAKTHROUGH IN OYU TOLGOI NEGOTIATIONS WWW.MONTSAME.MN PUBLISHED:2026/07/01      4 STATE BUDGET RECORDED A MNT 1 TRILLION DEFICIT IN 2025 WWW.GOGO.MN PUBLISHED:2026/07/01      5 JAPAN TO SUPPLY DIAGNOSTIC EQUIPMENT TO NATIONAL CANCER CENTER WWW.MONTSAME.MN PUBLISHED:2026/07/01      6 MIAT - MONGOLIAN AIRLINES MULLS 10 AIRBUS JETS WWW.CH-AVIATION.COM PUBLISHED:2026/07/01      7 MONGOLIAN PRESIDENT HAILS CHINA-AIDED CENTRAL SEWAGE TREATMENT PLANT WWW.NEWS.CGTN.COM PUBLISHED:2026/07/01      8 RIO TINTO AND GOVERNMENT OF MONGOLIA AGREE TO ADJUST OYU TOLGOI SHAREHOLDER LOAN INTEREST RATE WWW.MARKETSCREENER.COM PUBLISHED:2026/07/01      9 CENTRAL WASTEWATER TREATMENT PLANT SUPPORTS CITY EXPANSION, CUTS POLLUTION WWW.MONTSAME.MN PUBLISHED:2026/07/01      10 MONGOLIA SECURES USD 545 MILLION IN INVESTMENT AGREEMENTS AND MOUS WWW.MONTSAME.MN PUBLISHED:2026/07/01      НОТАРИАТЫН ҮЙЛЧИЛГЭЭГ 100 ХУВЬ ЦАХИМД ШИЛЖҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/07/01     ЯПОН УЛСЫН 980 САЯ ИЕНИЙ БУЦАЛТГҮЙ ТУСЛАМЖААР ХСҮТ-ИЙН ТОНОГ ТӨХӨӨРӨМЖИЙГ ШИНЭЧИЛНЭ WWW.CNBC.MN НИЙТЭЛСЭН:2026/07/01     МОНГОЛ УЛС АЯЛАЛ ЖУУЛЧЛАЛЫН ӨСӨЛТӨӨРӨӨ ДЭЛХИЙД ДӨРӨВДҮГЭЭРТ ЭРЭМБЭЛЭГДЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/07/01     “ГАЗРЫН ТОСНЫ ТУХАЙ ХУУЛЬД ӨӨРЧЛӨЛТ ОРУУЛАХ ТУХАЙ” ХУУЛИЙН ТӨСӨЛ ОЛОНХИЙН ДЭМЖЛЭГИЙГ АВЛАА WWW.CNBC.MN НИЙТЭЛСЭН:2026/07/01     ЗАСГИЙН ГАЗАР: ЗЭЭЛИЙН ХҮҮГ БУУРУУЛЖ, ОЮУТОЛГОЙН ХЭЛЭЛЦЭЭРТ ТҮҮХЭН АМЖИЛТ ГАРГАЛАА WWW.GOGO.MN НИЙТЭЛСЭН:2026/07/01     “НЭЭЛТТЭЙ ПАРЛАМЕНТ” ЦЭС И-МОНГОЛИА СИСТЕМД ШИНЭЭР НЭВТЭРЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/06/30     ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ХИЛ ДАМНАСАН ТӨМӨР ЗАМЫН БҮТЭЭН БАЙГУУЛАЛТ 35 ХУВЬД ХҮРЧЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2026/06/30     МОНГОЛ УЛС, ЕВРОПЫН ХОЛБООНЫ ХАМТЫН АЖИЛЛАГААНЫ ХАМТАРСАН ХОРООНЫ XXIV ХУРАЛДААН БОЛОВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/06/30     ҮАБЗ ОЮУ ТОЛГОЙН АСУУДЛААР ӨНӨӨДӨР ҮРГЭЛЖЛҮҮЛЭН ХУРАЛДАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2026/06/30     УНГАРЫН OTP БАНК МОНГОЛЫН ЗАХ ЗЭЭЛД НЭВТРЭХ СОНИРХЛОО АЛБАН ЁСООР ИЛЭРХИЙЛЛЭЭ WWW.CNBC.MN НИЙТЭЛСЭН:2026/06/30    
Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

Bilguun: Minerals royalty may burden entities www.zgm.mn

CEO of BIMG, Bilguun Ankhbayar sat down with the Official Gazette. He believes that the amendments to the Constitution of Mongolia may carry positive change in the economy and the mining sector.

-Parliament recently approved amendments to the Constitution. It enacted Article that stated, “Natural resource is the state and public property.” How will it affect the mining sector?

-I expect positive results from it. As previously stated in the Constitution, natural resources belonged to the state, and now it shall be the wealth of the public as well. I assume there is no negative consequence in it. The key changes in the Constitution have been made to stabilize the investment climate. I believe eliminating overlap of legislative and executive branches is relatively good for solid governance since foreign investors will come to a well­governed country. Thus, four members of the Cabinet are allowed to join the Parliament. It is hoped that those who are familiar with the sector will work in the government.

-Change in Minerals Royalty fee is currently in discussion. What is your view on it?

-Well, the case proves that the mining sector is not working properly. Companies pay a portion of their gains from using natural resources for Minerals fee. There is no need to address this issue of whether to pay a royalty or not. Mining companies agree to pay this fee. However, there is a disagreement over whether payments are high or low. Parliament should conclude and make the environment to pay royalty as soon as possible.

-According to the National Statistics Office, Mongolia’s GDP has increased by 6.3 percent in the third quarter. What do you think the main driver of it?

-In 2018, the GDP increase of Mongolia was 7.2 percent. But it decreased by 0.9 percentage point, to 6.3 percent in 2019. There are several factors that may have triggered it to decline. Firstly, export revenue has dropped, especially, prices of copper and coking coal have fallen due to the trade war. Secondly, FDI has declined respectively since the beginning of 2019. Finally, the inflation rate has reached 7.6 percent in the third quarter, but the Bank of Mongolia has set the target level at 8 percent. In other words, it shows the country’s lack of fulfillment on its inflation plan.



Published Date:2019-11-20