On March 28, Minister of Industry and Mineral Resources Ts.Tuvaan and Minister of Justice and Home Affairs O.Altangerel submitted a draft law proposing amendments to the Law on the Mining Products Exchange to Speaker of Parliament D.Amarbayasgalan. 
Under the current system, coal and iron ore are traded through the exchange via spot and forward contracts. As of March 14, a total of 43 million tons of mining products had been traded, generating 17 trillion MNT in revenue.
The mining products exchange was introduced in response to public demand, aiming to create a transparent and regulated marketplace. However, inconsistencies in legal regulations have led to disruptions in trading, raising concerns over potential income losses for participating enterprises and obstacles to enriching the National Wealth Fund. To address these challenges, lawmakers have drafted amendments to improve regulatory consistency and ensure the smooth operation of mining product trading.
The proposed amendments are also designed to facilitate the development of large-scale infrastructure projects outlined in the government’s action plan for 2024 through 2028. These include the construction of cross-border railways at Gashuunsukhait-Gantsmod, Khangi-Mandal and Shiveekhuren-Sekhee, as well as the establishment of coal-chemical and coke-chemical complexes, and a steel production facility.
Moreover, the amendments aim to align Mongolia’s mineral resource sales with international standards while ensuring that revenue from mining contributes to the country’s economic independence. The draft law is expected to undergo parliamentary discussions in the coming weeks, with industry stakeholders closely monitoring its potential impact on the mining sector and the broader economy.

Published Date:2025-04-01