Chief of the Cabinet Secretariat of Mongolia, Byambatsogt Sandag briefed the Government at its session on January 28, 2026, on the progress of a sub-working group tasked with evaluating proposals submitted by parties that have expressed interest in investing in and jointly implementing a copper concentrate smelting and processing plant project based at Erdenet Mining Corporation.
Project information was distributed to 55 companies from more than 20 countries, of which 13 companies from seven countries expressed interest in investing and cooperating on the project. To select the most suitable investor and contractor, the sub-working group evaluated the submitted proposals based on criteria including experience in implementing similar projects, technical and technological solutions, financial and economic capacity, and comparative advantages.
As a result, the following entities were selected to advance to the next stage of the selection process:
NFC (China);
Jiangxi Copper Company (China);
A consortium comprising Liantou New Energy Technology (China), China ENFI Engineering Corporation, and Shanxi Northern Copper Industry;
Glencore International AG (Switzerland).
The shortlisted candidates have been notified and provided with investor selection documents. In addition, the sub-working group has developed a detailed work plan to enable access to necessary information and relevant materials.
Preparations are underway to complete the final stage of selecting an investor and contractor within the first quarter of 2026.
In September last year, by order of the Prime Minister, a working group was established to accelerate the implementation of the project to build a copper concentrate smelting and processing plant based at Erdenet Mining Corporation. The working group is chaired by Chief of the Cabinet Secretariat Byambatsogt.

Published Date:2026-02-01