On March 27, 2025, representatives from over 70 mining product sellers, buyers, member brokers, accredited transport companies of the exchange, and laboratories attended a meeting aimed at informing stakeholders about the recent amendments to the Exchange Trading Regulations.
The Working Group responsible for intensifying mining product exports in the short term and increasing foreign exchange reserves has identified the causes of the decline in exchange-based trading and made initial amendments to the Exchange Trading Regulations. At the meeting, stakeholders were provided with information on the newly approved amendments.
In his opening remarks, Minister of Finance Javkhlan Bold noted, “Rather than viewing the decline in mining product prices and the current risks as difficulties, we must see them as challenges that we can overcome together. Mongolian coal is of high quality and has a geographical advantage, which gives us a competitive edge in the global market. We view the current situation as a temporary downturn. Recently, exchange operations within the mining sector have notably developed. Regardless of fluctuations in coal prices, exchange operations must not be disrupted. Although the Exchange has been transformed into a stock company, maximizing short-term profits is not the ultimate goal. We must evaluate the successes and shortcomings of exchange trading and determine the way forward.
We are currently working on amendments to the Law on Mining Exchange, which will soon be submitted to the State Great Khural. Until the draft law is discussed and approved, the revised regulations will remain in effect. According to the regulations, coal prices will be indexed, and the final transportation point will be determined by the Government. The updated regulations must be fully incorporated into the upcoming Law. Coal exports will not retreat from exchange trading, and we are committed to further improving the legal framework.”
Participants in the meeting expressed their commitment to actively cooperating in the implementation of the new regulations aimed at revitalizing mining product trading, while also acknowledging and understanding the temporary challenges facing the sector.

Published Date:2025-03-31